德众汽车(838030) - 2023 Q1 - 季度财报

Financial Performance - Operating revenue for Q1 2023 was CNY 609,379,058.01, a decrease of 18.39% year-on-year [10]. - Net profit attributable to shareholders for Q1 2023 was CNY 2,896,017.84, down 74.06% from the same period last year [10]. - The gross profit margin for vehicle sales dropped to 0.53%, down 1.37 percentage points from the previous year [17]. - The company reported a significant decline in other income, which fell by 92.35% to CNY 81,644.01 due to reduced tax support funds [16]. - Total operating revenue for Q1 2023 was CNY 609,379,058.01, a decrease of 18.4% compared to CNY 746,663,637.45 in Q1 2022 [54]. - Total operating costs for Q1 2023 were CNY 606,039,607.24, down 17.6% from CNY 735,657,844.62 in Q1 2022 [55]. - Net profit for Q1 2023 was CNY 3,001,094.09, a decline of 74.7% from CNY 11,839,442.21 in Q1 2022 [56]. - Earnings per share for Q1 2023 were CNY 0.02, compared to CNY 0.06 in Q1 2022 [56]. - Total comprehensive income amounted to ¥23,539,132.23, a decrease of ¥128,055.24 compared to the previous period [59]. Cash Flow - The company's cash flow from operating activities increased by 159.31% to CNY 16,962,323.69 compared to the previous year [11]. - Operating cash inflow for Q1 2023 was ¥723,068,010.76, down from ¥833,726,228.41 in Q1 2022, representing a decline of approximately 13.3% [60]. - Net cash flow from operating activities increased to ¥16,962,323.69 in Q1 2023, compared to ¥6,541,336.82 in Q1 2022, showing a significant improvement [61]. - Cash flow from investment activities resulted in a net outflow of ¥36,031,065.54 in Q1 2023, slightly worse than the outflow of ¥34,020,525.94 in Q1 2022 [61]. - Cash flow from financing activities generated a net inflow of ¥11,481,845.14 in Q1 2023, compared to a net outflow of ¥13,101,198.23 in Q1 2022, indicating a positive shift [61]. - The ending cash and cash equivalents balance for Q1 2023 was ¥46,422,312.64, an increase from ¥40,882,504.26 in Q1 2022 [61]. - The cash and cash equivalents net increase for Q1 2023 was ¥857,596.74, contrasting with a net decrease of ¥9,547,302.69 in Q1 2022 [63]. Assets and Liabilities - Total assets as of March 31, 2023, were CNY 1,534,114,132.29, an increase of 0.49% compared to the end of the previous year [10]. - The total liabilities to total assets ratio for the consolidated entity was 67.76%, slightly down from 67.80% at the end of the previous year [10]. - Current assets totaled ¥1,012,312,664.66, showing a decrease from ¥1,014,394,991.29 in the previous period [46]. - The company has restricted assets totaling ¥722,901,301.93, which represents 47.12% of total assets [43]. - Total liabilities increased to ¥1,039,489,665.03 from ¥1,034,934,786.44, marking a rise of approximately 0.5% [48]. - The company's equity attributable to shareholders rose to ¥488,966,558.57 from ¥486,070,540.73, an increase of about 0.6% [48]. - Total liabilities decreased to CNY 178,892,834.89 in 2023 from CNY 180,411,032.07 in 2022 [52]. - Total equity increased to CNY 365,583,715.11 in 2023 from CNY 342,044,582.88 in 2022 [52]. Research and Development - Research and development expenses rose by 63.79% to CNY 1,566,573.31 compared to the same period last year [16]. - Research and development expenses for Q1 2023 were CNY 1,566,573.31, up 64% from CNY 956,424.22 in Q1 2022 [55]. Shareholder Information - The total number of ordinary shares at the end of the period was 178,839,681, with 6,246 shareholders [24]. - The largest shareholder, Duan Kunliang, holds 30.78% of the shares, totaling 55,049,257 shares [25]. - The proportion of unrestricted shares increased from 39.92% to 53.26%, while restricted shares decreased from 60.08% to 46.74% [24]. Government Support and Guarantees - The company received government subsidies recognized in the current period, amounting to ¥43,367.92, which are not related to normal business operations [21]. - The company provided external guarantees totaling ¥914,470,000, with a remaining balance of ¥501,007,121.17 [33]. - The company has guaranteed debts exceeding 70% of the asset-liability ratio amounting to ¥807,850,000, with a remaining balance of ¥427,897,436.66 [33]. - The company’s total guarantees exceeded 50% of net assets, amounting to ¥668,658,313.41, with a remaining balance of ¥255,195,434.58 [33]. Subsidiaries and Transactions - The company established a wholly-owned subsidiary, Yueyang Baoli Automobile Sales Service Co., Ltd., with a registered capital of ¥20 million on January 4, 2023 [36]. - A related party transaction occurred on February 24, 2023, involving the purchase of a car for ¥397,425, which was deemed fair and exempt from further disclosure [35]. - There were no significant related party transactions or external guarantees during the reporting period [29]. - The company has no ongoing preferred stock issues [27]. - The company has no joint liability or illegal guarantees during the reporting period [33].