RIGOL(SH:688337)2024-04-29 08:40Financial Performance - The company's operating revenue for Q1 2024 was ¥150,984,688.88, representing a decrease of 3.54% compared to the same period last year[5] - The net profit attributable to shareholders was ¥6,307,156.02, down 72.75% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥6,693,831.80, a decline of 151.38% compared to the previous year[5] - The basic earnings per share were ¥0.03, a decrease of 76.92% compared to the same period last year[6] - Net profit for Q1 2024 was ¥9,524,673.19, down 58.8% from ¥23,146,706.58 in Q1 2023[21] - The total equity attributable to shareholders was ¥2,885,641,917.13, slightly down from ¥2,889,231,057.28 in Q1 2023[21] - The company recorded a total comprehensive income of ¥8,900,132.26 for Q1 2024, down from ¥23,943,381.66 in Q1 2023[22] Research and Development - Research and development (R&D) expenses totaled ¥43,058,588.28, an increase of 41.57% year-on-year, accounting for 28.52% of operating revenue, up 9.09 percentage points[6] - Research and development expenses rose to ¥43,058,588.28, an increase of 41.5% compared to ¥30,414,533.34 in Q1 2023[21] Cash Flow and Investments - The cash flow from operating activities was -¥26,425,022.51, indicating a significant cash outflow[6] - Cash flow from operating activities showed a net outflow of ¥26,425,022.51 in Q1 2024, compared to a net inflow of ¥876,647.46 in Q1 2023[25] - Cash inflow from investment activities was ¥52,123,682.65 in Q1 2024, significantly lower than ¥924,643,477.32 in Q1 2023[25] - The company raised $247,366,908.34 from financing activities, significantly higher than $130,000,000.00 in the previous year, showing strong financing capabilities[27] - Cash outflows from financing activities totaled $70,490,352.11, compared to $774,352.27 in the same quarter last year, indicating a reduction in cash outflows[27] - The net cash flow from financing activities was $176,876,556.23, an increase from $129,225,647.73 year-over-year, highlighting improved financial management[27] - The company invested $44,670,833.33 in cash payments for investments, a significant decrease from $1,068,000,000.00 in the previous year, suggesting a strategic shift in investment focus[27] - The total cash outflow from investment activities was $212,163,561.85, down from $1,161,238,825.01, indicating a more conservative investment approach[27] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥3,411,760,816.30, an increase of 4.47% from the end of the previous year[6] - The company's cash and cash equivalents decreased to RMB 260,862,425.68 from RMB 271,003,800.90, a decline of about 3.93%[17] - The total current assets increased to RMB 2,451,422,398.13 from RMB 2,427,447,165.09, representing a growth of approximately 0.99%[17] - The company's short-term borrowings rose significantly to RMB 257,152,571.56 from RMB 68,734,515.28, indicating an increase of approximately 273.36%[18] - The total non-current assets increased to RMB 960,338,418.17 from RMB 838,235,294.47, reflecting a growth of about 14.56%[18] - The company's total liabilities increased to RMB 422,331,290.94 from RMB 331,276,838.93, representing a rise of approximately 27.48%[18] - The company reported a significant increase in long-term receivables, rising to RMB 2,336,067.53 from RMB 2,145,468.25, an increase of about 8.87%[17] - The company's inventory increased to RMB 211,175,977.41 from RMB 204,686,887.04, reflecting a growth of approximately 3.61%[17] - The goodwill reported as of March 31, 2024, was RMB 103,947,720.56, indicating the company's ongoing investment in intangible assets[18] Accounting and Reporting - The company did not apply new accounting standards or interpretations for the first time in 2024, maintaining consistency in financial reporting[27]