DAAE(SH:600178)2020-04-27 16:00Financial Performance - Operating revenue rose by 20.48% to CNY 490,916,098.20 year-on-year[10] - Net profit attributable to shareholders was CNY -6,852,370.52, compared to CNY -3,904,129.47 in the previous year[10] - The weighted average return on equity decreased by 0.15 percentage points to -0.36%[10] - Basic and diluted earnings per share were both CNY -0.0148, worsening from CNY -0.0084 year-on-year[10] - The company reported a net loss from non-operating income and expenses of CNY 5,520,910.80[10] - The net profit for the current year was a loss of ¥6,852,370.52, worsening by ¥2,948,241.05 compared to a loss of ¥3,904,129.47 in the previous year[17] - Total comprehensive loss for Q1 2020 was RMB -6,852,370.52, compared to RMB -3,904,129.47 in Q1 2019[33] Cash Flow and Assets - Net cash flow from operating activities was CNY 93,097,777.39, a significant improvement from a negative cash flow of CNY -9,666,411.41 in the same period last year[10] - Cash and cash equivalents at the end of the period increased to ¥313,728,599.49, up by ¥166,984,906.53 or 113.79% from the beginning of the year, driven by increased product sales[17] - Cash flow from operating activities generated RMB 93,097,777.39, a significant improvement from a negative cash flow of RMB -9,666,411.41 in Q1 2019[36] - Cash and cash equivalents at the end of Q1 2020 amounted to RMB 223,579,749.53, up from RMB 48,571,950.79 at the end of Q1 2019[36] - Total assets increased by 1.88% to CNY 4,039,759,051.63 compared to the end of the previous year[10] - The total assets as of March 31, 2020, amounted to ¥4,039,759,051.63, compared to ¥3,965,398,291.71 at the end of the previous year[25] Operating Costs and Expenses - The operating cost increased to ¥439,293,312.36, reflecting a rise of ¥75,577,868.99 or 20.78% year-on-year, primarily due to increased production and sales volume[17] - Research and development expenses rose to ¥6,547,462.58, an increase of ¥1,224,138.38 or 23.00%, indicating a higher investment in R&D activities[17] - Research and development expenses increased to RMB 6,547,462.58, up from RMB 5,323,324.20 in the same period last year, reflecting a growth of 23.0%[31] - The company incurred financial expenses of RMB 4,115,214.92, a decrease from RMB 4,579,696.90 in the previous year[31] Shareholder Information - The largest shareholder, China Changan Automobile Group, holds 51.42% of the shares[14] - The total number of shareholders at the end of the reporting period was 34,966[14] Other Information - The company is in the process of acquiring the equity of Dong'an Qifa from foreign shareholders, which has been delayed due to the COVID-19 pandemic[20] - The company has two outstanding commitments, one related to competition and another regarding repayment commitments, with no new developments reported[21] - The company anticipates potential losses or significant changes in net profit compared to the same period last year, but no specific warnings were issued[22] - The company’s investment income showed a loss of RMB -11,665,204.93, compared to a gain of RMB 1,116,825.30 in Q1 2019[31] - Sales revenue from goods and services received cash of RMB 614,133,828.30, an increase from RMB 401,835,476.35 in Q1 2019[36]