DAAE(SH:600178)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,245,593,432.45, representing a decrease of 32.07% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 8,505,651.16, reflecting a decline of 143.49% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 12,645,692.92, down 139.65% from the previous year[4] - The basic earnings per share were CNY -0.0179, a decrease of 143.52% year-on-year[4] - Operating profit for Q1 2023 was CNY 5,467,914.29, significantly lower than CNY 41,936,467.39 in Q1 2022, indicating a decline of 87.0%[15] - Net profit for Q1 2023 was CNY 5,604,497.82, compared to CNY 41,949,136.79 in Q1 2022, representing a decrease of 86.6%[15] - The total comprehensive income attributable to the parent company was CNY -8,505,651.16, contrasting with CNY 19,556,387.30 in Q1 2022[16] Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,813,523,536.17, an increase of 3.91% compared to the end of the previous year[5] - Total assets as of March 31, 2023, amounted to CNY 7,813,523,536.17, an increase from CNY 7,519,719,952.60 at the end of 2022[12] - Total liabilities as of March 31, 2023, were CNY 4,298,151,514.72, up from CNY 4,196,345,262.03 at the end of 2022[13] - Current assets totaled CNY 4,927,352,036.92 as of March 31, 2023, compared to CNY 4,591,509,310.70 at the end of 2022, reflecting an increase of 7.3%[11] - Inventory as of March 31, 2023, was CNY 771,965,091.50, up from CNY 731,796,945.85 at the end of 2022, indicating a growth of 5.5%[11] Cash Flow - The net cash flow from operating activities was CNY 51,640,514.13, with no applicable percentage change[4] - The net cash flow from operating activities was CNY 51,640,514.13, compared to a negative cash flow of CNY -24,042,867.55 in the same period last year[19] - The net cash flow from investing activities was CNY -355,356,322.46, compared to CNY -18,671,404.97 in Q1 2022, indicating increased investment outflows[20] - The net cash flow from financing activities was CNY 43,383,948.88, a recovery from a negative cash flow of CNY -199,926,762.37 in the same quarter last year[20] Revenue and Costs - Total operating revenue for Q1 2023 was CNY 1,245,593,432.45, a decrease of 32.1% compared to CNY 1,833,577,582.10 in Q1 2022[15] - Total operating costs for Q1 2023 were CNY 1,252,229,722.99, down from CNY 1,790,408,356.24 in Q1 2022, reflecting a reduction of 30.0%[15] - The decline in revenue and profit was attributed to decreased sales volume and changes in sales structure, leading to a drop in gross margin[6] - Total revenue from sales and services received was CNY 1,456,294,984.40, down from CNY 1,733,628,806.61 in Q1 2022, representing a decline of approximately 15.9%[19] Expenses - Research and development expenses for Q1 2023 were CNY 34,640,265.42, slightly higher than CNY 32,687,651.27 in Q1 2022, showing an increase of 5.9%[15] - The company reported a decrease in sales expenses to CNY 26,124,753.46 in Q1 2023 from CNY 44,224,634.09 in Q1 2022, a reduction of 40.9%[15] - The company incurred CNY 1,228,917,461.18 in cash payments for goods and services, down from CNY 1,571,479,344.82 in Q1 2022, reflecting a decrease of approximately 21.8%[19] Investments - The company acquired equity in Beijing Zhiyue Engine Co., Ltd., contributing to the increase in total assets[6] - The company received CNY 100,000,000.00 from investment activities, marking a new inflow compared to the previous year[20]