DPC(SH:600405)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥171,544,365.07, representing a decrease of 33.84% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥46,009,108.71, with basic and diluted earnings per share both at -0.083 yuan[5] - The company's net loss for Q1 2023 was CNY 46,009,108.71, compared to a net loss of CNY 34,719,390.35 in Q1 2022[17] - The total comprehensive income for Q1 2023 was -45,969,949.76 RMB, compared to -19,684,314.44 RMB in Q1 2022, showing a worsening of overall financial performance[19] - The company reported a basic and diluted earnings per share of -0.083 RMB for Q1 2023, compared to -0.034 RMB in Q1 2022[19] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥2,545,945,875.54, down 1.97% from the end of the previous year[6] - Total assets as of March 31, 2023, were CNY 2,545,945,875.54, down from CNY 2,596,987,421.55 at the end of 2022[17] - Total liabilities decreased to CNY 1,696,965,221.86 from CNY 1,702,036,818.11, a decline of 0.3%[16] - The company's total equity as of March 31, 2023, was CNY 848,980,653.68, down from CNY 894,950,603.44 at the end of 2022[17] Cash Flow and Financing - The net cash flow from operating activities was ¥4,560,626.63, indicating an increase in operational cash receipts compared to the previous year[9] - The net cash flow from operating activities improved to 4,560,626.63 RMB, compared to a negative cash flow of -19,543,794.26 RMB in Q1 2022[22] - The company raised 420,450,000.00 RMB through borrowings in Q1 2023, compared to 393,736,720.00 RMB in Q1 2022, indicating increased financing activities[23] Revenue and Costs - Total operating revenue for Q1 2023 was CNY 171,544,365.07, a decrease of 33.8% compared to CNY 259,304,932.60 in Q1 2022[17] - Total operating costs for Q1 2023 were CNY 224,170,609.42, down from CNY 284,690,081.66 in Q1 2022, reflecting a reduction of 21.3%[17] - The decline in revenue was primarily due to a slowdown in project construction by telecommunications operators[9] - The company incurred a total operating expense of 264,062,571.99 RMB, slightly higher than 262,945,350.93 RMB in Q1 2022[22] Shareholder Information - The company had a total of 92,751 common shareholders at the end of the reporting period[10] - The top shareholder, He Zhenya, holds 11.23% of the shares, amounting to 62,138,615 shares[11] Other Financial Metrics - Non-recurring gains and losses amounted to ¥105,204.87 after tax adjustments[8] - Research and development expenses for Q1 2023 were CNY 26,834,871.39, an increase from CNY 24,905,472.07 in Q1 2022[17] - Accounts receivable decreased to CNY 713,862,280.86 from CNY 792,111,737.80, indicating a reduction of 9.9%[14] - Inventory increased to CNY 450,473,406.01 from CNY 427,538,683.30, representing a rise of 5.3%[15] - Cash and cash equivalents as of March 31, 2023, were CNY 217,541,064.61, slightly down from CNY 223,359,962.67 at the end of 2022[14] - Cash and cash equivalents at the end of Q1 2023 were 116,863,625.66 RMB, down from 120,749,758.35 RMB at the end of Q1 2022[23] - The company experienced a credit impairment loss of 5,009,591.61 RMB in Q1 2023, compared to 3,457,812.48 RMB in Q1 2022, indicating increased credit risk[18] - The company reported a foreign exchange impact of 824,011.55 RMB on cash and cash equivalents in Q1 2023, compared to -1,126,852.90 RMB in Q1 2022[23] Strategic Outlook - The company does not anticipate any significant changes in its operational strategy in the near term[9]