DETC(SH:600081)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,497,954,068.19, representing a decrease of 22.32% compared to the same period last year[4] - The net profit attributable to shareholders was ¥10,666,801.15, down 77.71% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,339,475.63, a decline of 81.69% compared to the previous year[4] - The basic earnings per share decreased by 77.70% to ¥0.0227[5] - The company reported a significant decline in investment income, which decreased by ¥4.4 million compared to the same period last year[9] - The company experienced a 52.09% decrease in other income, primarily due to reduced government subsidies compared to the previous year[9] - The company reported a total comprehensive income of ¥34,529,802.77 for Q1 2023, down from ¥91,224,859.36 in Q1 2022[20] Cash Flow - The net cash flow from operating activities increased by 13.76% to ¥140,664,556.47[4] - In Q1 2023, the company reported cash inflows from operating activities totaling CNY 1,341,044,805.42, a decrease of 37.3% compared to CNY 2,139,721,876.13 in Q1 2022[22] - The net cash outflow from investing activities was CNY 363,610,442.12, compared to a net outflow of CNY 100,319,103.50 in the same period last year[23] - The net cash flow from financing activities was negative at CNY -26,099,321.01, contrasting with a positive inflow of CNY 134,879,764.75 in Q1 2022[23] - The company's cash inflow from other operating activities was CNY 173,256,313.35, down from CNY 201,954,681.59 in the previous year[22] - The company's cash outflow for purchasing goods and services was CNY 575,773,499.13, a decrease of 59.6% from CNY 1,425,799,031.59 in Q1 2022[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,812,620,938.20, a decrease of 1.16% from the end of the previous year[5] - Total liabilities as of March 31, 2023, were RMB 4,228,999,089.77, down from RMB 4,351,507,282.40, indicating a reduction of approximately 2.8%[16] - Current assets decreased to RMB 5,370,441,824.39 from RMB 5,466,819,359.63, reflecting a decline of approximately 1.76%[15] - Cash and cash equivalents decreased to RMB 1,873,987,265.01 from RMB 2,315,336,859.30, a decline of about 19.1%[15] - Total liabilities as of the end of Q1 2023 were ¥4,673,217,925.15, a decrease from ¥4,809,946,066.49 at the end of Q1 2022[17] - Total equity attributable to shareholders was ¥3,185,668,027.76 in Q1 2023, slightly up from ¥3,174,961,634.01 in Q1 2022[17] Shareholder Information - The company reported a total of 29,145 common shareholders at the end of the reporting period[12] - The largest shareholder, Dongfeng Automotive Components Group Co., Ltd., holds 76.67% of the shares[12] Research and Development - Research and development expenses for Q1 2023 were ¥63,339,756.05, a slight decrease from ¥65,533,175.06 in Q1 2022[19] - Research and development expenses surged to CNY 12,674,398.28 in Q1 2023, up from CNY 3,856,462.10 in Q1 2022, indicating a focus on innovation and new technology[31] Interest and Financing - The company incurred interest expenses of CNY 2,476,269.19 in Q1 2023, compared to CNY 1,246,250.00 in Q1 2022, indicating increased borrowing costs[31] - The company reported a cash inflow of CNY 36,290,000.00 from financing activities in Q1 2023, compared to CNY 0 in Q1 2022, indicating improved financing conditions[35]