RICHEN(SH:603755)2024-04-26 08:09Financial Performance - The company's operating revenue for Q1 2024 was ¥91,754,160.40, representing a year-on-year increase of 14.73%[3] - The net profit attributable to shareholders for the same period was ¥12,904,905.27, reflecting a growth of 21.06% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,128,969.00, which is an increase of 24.55% year-on-year[3] - The basic earnings per share for Q1 2024 was ¥0.13, consistent with the diluted earnings per share[3] - Net profit for Q1 2024 was ¥12,904,905.27, representing a 21.0% increase from ¥10,659,491.08 in Q1 2023[19] - Earnings per share for Q1 2024 were ¥0.13, compared to ¥0.11 in Q1 2023, reflecting an 18.2% increase[19] - The company reported a total profit of ¥15,181,178.63 for Q1 2024, up from ¥12,224,237.47 in Q1 2023, marking a growth of 24.0%[19] Cash Flow - The net cash flow from operating activities reached ¥16,478,364.17, marking a significant increase of 30.04%[3] - Cash flow from operating activities for Q1 2024 was ¥16,478,364.17, up from ¥12,671,502.72 in Q1 2023[23] - Cash flow from investing activities generated a net inflow of ¥11,918,116.26 in Q1 2024, compared to a net outflow of ¥15,085,693.77 in Q1 2023[24] - The company’s total cash inflow from investment activities in Q1 2024 was ¥182,175,956.26, compared to ¥146,170,308.22 in Q1 2023, indicating a growth of 24.6%[24] - Cash and cash equivalents at the end of Q1 2024 totaled ¥88,244,898.09, a decrease from ¥93,379,761.62 at the end of Q1 2023[24] - The company's cash and cash equivalents increased to RMB 113.53 million from RMB 44.26 million, showing a significant growth[13] Assets and Liabilities - The total assets at the end of Q1 2024 amounted to ¥1,000,715,094.79, up 3.99% from the end of the previous year[4] - As of March 31, 2024, the company's total assets amounted to RMB 1,000.72 million, an increase from RMB 962.30 million as of December 31, 2023[15] - The company's total liabilities rose to RMB 286.57 million, compared to RMB 260.66 million at the end of 2023, indicating an increase in financial obligations[15] - The company's inventory increased to RMB 35.85 million from RMB 31.94 million, reflecting a growth in stock levels[14] - The company's short-term borrowings increased to RMB 115.15 million from RMB 86.63 million, indicating a rise in debt financing[15] Shareholder Information - The equity attributable to shareholders increased to ¥714,142,546.78, which is a rise of 1.78% compared to the previous year-end[4] - The company reported a total of 7,722 common shareholders at the end of the reporting period[8] - The company's total equity increased to RMB 714.14 million from RMB 701.64 million, reflecting a positive trend in shareholder value[15] - The company has repurchased a total of 1,420,000 shares, accounting for 1.44% of the total share capital, with a total expenditure of approximately RMB 30.17 million[11] - The company plans to use between RMB 30 million and RMB 60 million for share repurchase, with a maximum price of RMB 28.00 per share[10] Research and Development - Research and development expenses for Q1 2024 were ¥3,370,933.78, an increase of 9.1% from ¥3,090,489.48 in Q1 2023[18] Return on Equity - The weighted average return on equity improved to 1.82%, an increase of 0.28 percentage points[3] Government Subsidies - The company received government subsidies amounting to ¥101,850.92, which are closely related to its normal business operations[5]