Financial Performance - The company's revenue for Q1 2024 was ¥242,636,216.18, representing a 7.36% increase compared to ¥226,011,631.87 in the same period last year[4] - The net profit attributable to shareholders decreased by 82.84% to ¥1,178,017.71 from ¥6,863,281.05 year-on-year[4] - The net profit attributable to shareholders was RMB 2.89 million, a year-on-year decrease of 59.76%[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 1.18 million, a year-on-year decrease of 82.84%[17] - The net profit for Q1 2024 was CNY 2,862,178.33, a decrease from CNY 7,167,131.98 in Q1 2023, representing a decline of approximately 60%[34] - The total operating profit for Q1 2024 was CNY -61,630.04, compared to CNY 5,484,784.39 in the same period last year, indicating a significant downturn[34] - The company reported a total comprehensive income of CNY 2,862,178.33 for Q1 2024, down from CNY 7,167,131.98 in the same quarter last year, reflecting a decline of about 60%[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,766,819,290.75, a decrease of 3.58% from ¥1,832,378,572.03 at the end of the previous year[4] - The total assets of the company as of March 31, 2024, amount to RMB 1,766,819,290.75, a decrease from RMB 1,832,378,572.03 at the beginning of the period[24] - The company's total liabilities decreased from RMB 537,505,141.45 to RMB 518,637,066.70 during the same period[30] - The company's equity attributable to shareholders decreased from RMB 1,294,442,284.32 to RMB 1,247,781,417.51, a reduction of about 3.6%[30] Cash Flow - The cash flow from operating activities showed a significant decline, with a net outflow of ¥41,244,045.90 compared to an inflow of ¥19,606,100.81 in the previous year, marking a 110.36% decrease[11] - Cash flow from operating activities showed a net outflow of CNY -41,244,045.90, worsening from CNY -19,606,100.81 in Q1 2023[39] - The company reported cash inflows from operating activities totaling CNY 157,291,840.75, up from CNY 142,441,244.23 year-over-year[38] - The cash and cash equivalents decreased from RMB 697,907,946.16 to RMB 549,240,920.15, a decline of approximately 21.3%[24] - The cash and cash equivalents at the end of Q1 2024 were CNY 533,898,801.02, down from CNY 761,845,190.80 at the end of Q1 2023, reflecting a decrease of approximately 30%[39] Expenses - Research and development expenses increased by 8.43% to ¥19,677,090.65 from ¥18,147,550.96 in the same period last year[10] - The company reported a net credit impairment loss of RMB 1,573,969.01, up from RMB 998,462.21 in the previous year[33] - Total operating costs increased to RMB 248,725,475.93 from RMB 222,636,996.64, reflecting a rise of 11.7%[33] - The company incurred a total operating expense of CNY 198,535,886.65 in Q1 2024, compared to CNY 162,047,345.04 in the previous year, marking an increase of approximately 22%[38] - Management expenses reached RMB 25.11 million, showing a year-on-year increase of 24.92%[18] Share Repurchase and Government Subsidies - The company repurchased a total of 2,354,057 shares, accounting for 2.30% of the total share capital, with a total transaction amount of RMB 39.99 million[21] - The company plans to repurchase shares using between RMB 20 million and RMB 40 million, with a maximum repurchase price of RMB 31.50 per share[22] - As of March 31, 2024, the company has repurchased 567,300 shares, accounting for 0.55% of the total share capital, with a total transaction amount of RMB 9,743,233.26[23] - The company received government subsidies amounting to ¥1,931,393.59, which are closely related to its normal business operations[6] Strategic Initiatives - The company is expanding its global production capacity by establishing a subsidiary in Vietnam to enhance international influence[17] - The company is focusing on high-end talent recruitment and core talent team building to support long-term growth[18] - The company is actively participating in various exhibitions to strengthen new product marketing and expand potential customer base[18] Other Notable Information - The company's inventory increased significantly by 565.41% to ¥58,542,419.24 from ¥8,797,975.00, primarily due to share buybacks[9] - The company did not report any significant new product launches or technological advancements during this quarter[41]
瑞德智能(301135) - 2024 Q1 - 季度财报