DAAE(SH:600178)2023-06-21 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[5] - The net profit attributable to shareholders was a loss of CNY 11,705,117.70, a decline of 159.85% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 14,949,363.80, down 146.87% from the previous year[5] - Total operating revenue for Q1 2023 was ¥1,245,593,432.45, a decrease of 32.1% compared to ¥1,833,577,582.10 in Q1 2022[16] - Net profit for Q1 2023 was a loss of ¥2,271,062.32, compared to a profit of ¥35,576,214.49 in Q1 2022, representing a significant decline[17] - The total profit for Q1 2023 was ¥1,406,726.93, a decrease of 96.7% from ¥41,949,136.79 in Q1 2022[17] Cash Flow and Assets - The net cash flow from operating activities was negative CNY 4,359,485.87, with a year-on-year increase of CNY 19.68 million primarily due to reduced tax payments[7] - The net cash flow from operating activities for Q1 2023 was -¥4,359,485.87, an improvement from -¥24,042,867.55 in Q1 2022[20] - Cash and cash equivalents at the end of Q1 2023 were ¥1,486,267,937.07, compared to ¥1,180,641,347.98 at the end of Q1 2022[21] - The cash and cash equivalents decreased to RMB 1,970,773,869.36 from RMB 2,146,566,149.84, representing a decline of approximately 8.2%[12] Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,813,191,901.20, an increase of 3.90% from the end of the previous year[6] - The company's current assets totaled RMB 4,942,826,266.26, up from RMB 4,591,509,310.70, indicating an increase of about 7.6%[12] - The company's total liabilities increased to RMB 4,300,045,614.72 from RMB 4,196,345,262.03, which is an increase of approximately 2.5%[14] - The total equity attributable to shareholders decreased slightly to RMB 2,526,252,478.70 from RMB 2,536,696,614.33, a decrease of about 0.7%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,982[9] - The largest shareholder, China Changan Automobile Group Co., Ltd., held 49.97% of the shares, totaling 237,593,000 shares[9] Expenses and Investments - Research and development expenses increased to ¥34,640,265.42 in Q1 2023, up from ¥32,687,651.27 in Q1 2022, indicating a focus on innovation[16] - The company raised ¥100,000,000.00 from investment activities in Q1 2023, compared to cash inflows of ¥112,955,602.14 in the same period last year[21] - The company experienced a net cash outflow from investing activities of -¥355,356,322.46 in Q1 2023, compared to -¥18,671,404.97 in Q1 2022[21] Other Financial Metrics - The weighted average return on net assets decreased by 1.89 percentage points due to the decline in net profit[7] - The basic and diluted earnings per share were both CNY -0.0246, reflecting a decrease of 158.16% year-on-year[5] - The company reported a basic and diluted earnings per share of -¥0.0246 for Q1 2023, compared to ¥0.0423 in Q1 2022[17] Changes in Accounting Standards - The company announced the implementation of new accounting standards starting in 2023, affecting the financial statements from the beginning of the year[23]