RAISECOM(SH:603803)2024-04-26 11:35Financial Performance - The company's operating revenue for Q1 2024 was ¥384,417,205.05, representing a year-on-year increase of 24.03%[4] - The net profit attributable to shareholders was ¥20,347,202.46, with a significant increase in cash flow from operating activities, which reached ¥61,401,208.42, up 1,086.34% year-on-year[4] - The net profit for Q1 2024 was CNY 20,347,202.46, a significant recovery from a net loss of CNY 27,547,351.33 in Q1 2023[20] - The earnings per share for Q1 2024 were CNY 0.05, compared to a loss per share of CNY 0.06 in Q1 2023[21] - The company reported a net profit of CNY 41,626,147.11, a significant recovery from a net loss of CNY 8,287,932.90 in Q1 2023, marking a turnaround of over 600%[30] - Total comprehensive income for Q1 2024 was CNY 41,626,147.11, a recovery from a loss of CNY 8,287,932.90 in the previous year[31] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,959,803,224.21, showing a slight decrease of 0.43% compared to the end of the previous year[5] - The total liabilities as of Q1 2024 were CNY 1,192,364,031.17, a decrease from CNY 1,226,478,645.42 in the previous year[16] - The total assets as of March 31, 2024, were CNY 3,709,501,793.58, slightly down from CNY 3,712,634,353.68 at the end of 2023[28] - The total liabilities decreased to CNY 1,194,509,793.60 from CNY 1,240,780,473.32, indicating a reduction in financial obligations[28] Cash Flow - The cash flow from investing activities decreased by 120.55%, reflecting higher fixed asset investments compared to the same period last year[8] - The net cash flow from operating activities was CNY 61,401,208.42, a significant increase from CNY 5,175,667.29 in the previous year[24] - The company's net cash flow from investing activities was CNY 7,754,110.23, a recovery from a negative cash flow of CNY -37,740,367.71 in the same period last year[24] - The cash outflow from financing activities was CNY 118,833,210.95, compared to CNY 235,504,188.31 in the previous year, showing a reduction in financing costs[25] - The company reported a net cash increase of CNY 13,314,225.15 for the quarter, contrasting with a decrease of CNY -137,856,657.19 in the same quarter last year[25] Shareholder Information - The company reported a total of 31,733 common shareholders at the end of the reporting period[10] - The top ten shareholders hold significant stakes, with the largest shareholder owning 8.89% of the total shares[10] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[11] Operating Costs and Expenses - The total operating costs for Q1 2024 were CNY 396,148,585.24, up from CNY 352,182,712.12 in Q1 2023, reflecting a 12.5% increase[19] - The company's total operating expenses decreased to CNY 224,743,148.59 from CNY 187,046,029.51, reflecting a strategic cost management approach[30] - The company experienced a 70.16% reduction in financial expenses, attributed to decreased foreign exchange losses[8] Research and Development - Research and development expenses for Q1 2024 were CNY 73,239,835.10, an increase from CNY 66,768,292.35 in Q1 2023, representing a growth of about 9.5%[19] - Research and development expenses increased to CNY 64,901,451.64, up 14.3% from CNY 56,650,262.84 in the same period last year[30] Other Financial Metrics - Non-recurring gains and losses amounted to ¥15,694,709.48, primarily due to government subsidies related to the completion of the industrial internet project[8] - The weighted average return on net assets was 1.16% for the reporting period[4] - The company reported an investment income of CNY 8,119,135.29 in Q1 2024, a turnaround from a loss of CNY 3,312,249.06 in Q1 2023[20] - The other comprehensive income for Q1 2024 was a loss of CNY 157,888.56, compared to a loss of CNY 2,257,336.96 in Q1 2023, indicating an improvement[21]