DFAC(SH:600006)2018-04-27 16:00Financial Performance - Operating revenue for the reporting period was CNY 2,457,777,407.42, down 35.92% year-on-year[6] - Net profit attributable to shareholders of the listed company reached CNY 115,290,288.04, an increase of 75.14% compared to the same period last year[6] - Basic earnings per share were CNY 0.0647, reflecting an increase of 83.81% year-on-year[6] - The company reported a significant increase in net profit despite a decline in operating revenue, indicating improved cost management and operational efficiency[6] - Total revenue for Q1 2018 was CNY 2,457,777,407.42, a decrease of 36% compared to CNY 3,835,732,229.30 in the same period last year[26] - The net profit for Q1 2018 was CNY 128,172,485.40, compared to a net loss of CNY 6,046,409.37 in the previous year, indicating a significant turnaround[28] - The total comprehensive income for Q1 2018 was CNY 133,531,085.40, compared to a loss of CNY 11,458,769.37 in the same period last year, highlighting a strong recovery[28] Cash Flow and Liquidity - Cash flow from operating activities showed an improvement, with a net cash flow of -CNY 333,114,476.28, a 30.42% reduction in losses compared to the previous year[6] - The net cash flow from operating activities improved by 30.42%, from RMB -478,722,644.75 to RMB -333,114,476.28[15] - Cash flow from operating activities was CNY 3,083,425,987.15, down from CNY 4,176,476,183.96 in the previous year, indicating a decrease in cash inflow from operations[32] - Operating cash inflow for Q1 2018 was CNY 3,196,268,636.46, a decrease from CNY 4,364,419,259.62 in the previous year, reflecting a decline of approximately 26.8%[33] - The company reported a net cash flow decrease of CNY -1,672,413,312.31 for the period, contrasting with an increase of CNY 434,976,183.49 in the previous year[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 17,335,241,411.91, a decrease of 2.54% compared to the end of the previous year[6] - The company’s total current assets decreased from RMB 13,828,366,034.59 to RMB 13,154,768,490.76[19] - Total liabilities decreased to CNY 10,177,529,506.81 from CNY 10,763,731,068.89, a reduction of about 5.45%[21] - Current liabilities totaled CNY 9,733,238,350.50, down from CNY 10,313,733,098.72, indicating a decrease of approximately 5.63%[21] - Non-current liabilities amounted to CNY 444,291,156.31, slightly down from CNY 449,997,970.17, a decrease of about 1.5%[21] - Owner's equity increased to CNY 7,157,711,905.10 from CNY 7,024,180,819.69, reflecting an increase of approximately 1.9%[21] Expenses and Costs - Operating costs decreased by 38.21%, from RMB 3,392,224,693.81 to RMB 2,095,897,982.03[14] - The company reported a significant reduction in sales expenses by 37.28%, from RMB 196,045,463.49 to RMB 122,952,860.79[14] - The company experienced a 226.83% increase in income tax expenses, rising from RMB 3,328,352.42 to RMB 10,878,015.96[14] - The management expenses increased to CNY 170,584,454.71 from CNY 137,601,201.95, indicating higher operational costs[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 133,573[10] - The largest shareholder, Dongfeng Motor Corporation, held 60.10% of the shares[10] Government Support - The company received government subsidies amounting to CNY 17,534,984.62 during the reporting period[8] Investment Activities - The net cash flow from investing activities decreased by 270.03%, from RMB 787,995,402.73 to RMB -1,339,838,487.31[15] - Investment cash inflow totaled CNY 407,085,842.59, down from CNY 1,085,143,948.58, representing a decrease of about 62.5%[34] - Net cash outflow from investment activities was CNY -1,339,838,487.31, contrasting with a net inflow of CNY 787,995,402.73 in the previous year, marking a significant shift[34] Other Observations - The company did not report any significant new product developments or market expansions during the reporting period[16]