Rapoo(SZ:002577)2024-04-26 11:44Revenue and Profit - Revenue for Q1 2024 was CNY 96,561,838.62, a decrease of 3.88% compared to CNY 100,456,140.95 in the same period last year[8] - Net profit attributable to shareholders increased by 48.16% to CNY 6,605,121.39 from CNY 4,457,950.25 year-on-year[8] - The total profit increased by 73.70% to CNY 9,208,626.75, driven by reduced exchange losses and increased government subsidies[14] - Operating profit for Q1 2024 reached CNY 9,205,257.27, up from CNY 5,298,338.71 in the same period last year, reflecting a growth of 74.0%[27] - The company reported a total comprehensive income of CNY 6,699,089.50 for Q1 2024, compared to CNY 6,351,762.65 in Q1 2023, indicating a growth of 5.5%[27] Cash Flow and Investments - Cash flow from operating activities decreased by 37.14% to CNY 9,464,433.25 compared to CNY 15,056,495.26 in the previous year[8] - Cash inflow from investment activities totaled RMB 120,947,786.44, down 29.50% year-on-year, primarily due to reduced cash recovered from financial products[16] - Cash outflow for investments increased by 78.99% to RMB 125,078,163.05, mainly due to higher principal payments for financial products[16] - The net cash flow from investment activities was negative at RMB -4,130,376.61, a decline of 104.06% compared to the previous year[16] - The company recorded a net cash outflow from investing activities of CNY 4,130,376.61, contrasting with a net inflow of CNY 101,680,968.49 in the previous year[29] Assets and Liabilities - Total assets as of March 31, 2024, were CNY 1,256,337,084.51, reflecting a 1.11% increase from CNY 1,242,547,598.53 at the end of the previous year[8] - The company reported a significant increase in accounts receivable, up 317.79% to CNY 1,570,239.25, attributed to higher settlement amounts[12] - The company’s lease liabilities surged by 524.07% to CNY 11,479,293.93 due to the re-recognition of lease liabilities from renewed leasing activities[12] - Total liabilities increased to ¥88,826,944.64 from ¥81,736,548.16, marking an increase of 8.5%[24] - Non-current assets totaled ¥196,219,769.70, an increase from ¥191,446,930.82, reflecting a growth of 2.0%[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,745, with the largest shareholder holding 57.89% of the shares[17] - The largest shareholder, Hotkey Electronics (Hong Kong) Co., Ltd., holds 163,752,878 shares[18] - The company plans to repurchase shares with a total fund of no less than RMB 10 million and no more than RMB 15 million, potentially repurchasing approximately 731,707 shares, accounting for 0.26% of total share capital[19] - The company has no preferred shareholders with voting rights as of the reporting period[19] Tax and Other Income - The company received CNY 2,948,578.49 in tax refunds, a 47.20% increase compared to the previous year, mainly from export tax rebates[15] - Other income increased by 357.41% to CNY 1,669,767.16, primarily due to higher government subsidies[14] - The company reported a 41.45% decrease in paid taxes, amounting to RMB 995,924.56, primarily due to reduced VAT payments[16] Research and Development - Research and development expenses increased to ¥6,194,084.41, up from ¥5,665,783.13, indicating a growth of 9.3%[26] Financial Position - Cash and cash equivalents at the end of the period were ¥598,991,905.33, up from ¥594,967,430.24, a slight increase of 0.3%[22] - The company’s retained earnings improved from -¥99,058,100.25 to -¥92,452,978.86, indicating a reduction in accumulated losses[24] - Accounts receivable decreased to ¥111,278,743.22 from ¥112,943,274.13, a decline of 1.5%[22] - Cash and cash equivalents at the end of Q1 2024 totaled CNY 597,717,860.98, an increase from CNY 579,500,114.70 at the end of Q1 2023[29] Miscellaneous - The company did not report any new product launches or technological advancements during this quarter[31] - There were no significant mergers or acquisitions reported in the first quarter of 2024[31] - The financial report for Q1 2024 was not audited[31]