DFP(SH:601515)2022-04-29 16:00Financial Performance - The company's revenue for Q1 2022 was CNY 1,046,944,762.51, representing a year-on-year increase of 7.80%[6] - Net profit attributable to shareholders decreased by 50.71% to CNY 121,229,769.30 compared to the same period last year[6] - Basic and diluted earnings per share were both CNY 0.08, down 55.56% from the previous year[6] - Operating profit for Q1 2022 decreased to $126,890,198.88 from $279,793,741.87 in Q1 2021, a decline of 54.6%[31] - Net profit for Q1 2022 was $123,932,410.77, down from $244,416,758.71 in Q1 2021, representing a decrease of 49.3%[31] - Net profit attributable to shareholders of the parent company decreased to ¥121,229,769.30 from ¥245,967,834.69, representing a decline of approximately 50.8% year-over-year[33] - Total comprehensive income decreased to ¥126,146,383.49 from ¥251,146,904.87, a decrease of about 49.8% year-over-year[33] Cash Flow - The net cash flow from operating activities was negative CNY 45,579,918.95, a decline of 143.84% year-on-year[6] - Operating cash flow from activities generated a net outflow of ¥45,579,918.95 compared to a net inflow of ¥103,958,067.78 in the same period last year[38] - Cash inflow from operating activities totaled ¥816,174,564.43, down from ¥911,025,343.69, a decrease of approximately 10.4% year-over-year[38] - Cash outflow from operating activities increased to ¥861,754,483.38 from ¥807,067,275.91, an increase of about 6.7% year-over-year[38] - The net cash flow from operating activities was -$80,718,600.06, contrasting with a positive cash flow of $130,190,659.43 in the same quarter last year[59] - The company experienced a net decrease in cash and cash equivalents of $113,256,313.18 in Q1 2022, compared to an increase of $142,601,687.32 in Q1 2021[59] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,052,586,431.47, a slight increase of 0.18% from the end of the previous year[9] - Total liabilities decreased to $1,715,912,387.83 from $1,828,894,437.77, a reduction of 6.2%[28] - The total liabilities decreased to ¥706,101,293.45 as of March 31, 2022, compared to ¥794,456,422.06 at the end of 2021[47] - The company reported a total current asset of approximately CNY 4.29 billion, a slight increase from CNY 4.27 billion year-over-year[23] Shareholder Information - Total number of common shareholders at the end of the reporting period was 31,799[16] - The largest shareholder, Hong Kong Dongfeng Investment Group Co., Ltd., holds 725,880,000 shares, accounting for 47.27% of total shares[16] - The number of shares held by the top ten shareholders includes significant stakes from key management, indicating potential influence on company decisions[18] Investment and Expenses - Investment income was negative CNY 60,279,200, a significant decrease of 157.32% year-on-year[9] - Research and development expenses for Q1 2022 were $38,429,049.97, compared to $34,543,732.36 in Q1 2021, an increase of 11.0%[31] - Research and development expenses for Q1 2022 were ¥12,134,354.30, a decrease from ¥14,266,205.09 in Q1 2021[53] Inventory and Receivables - The company reported a 34.42% increase in accounts receivable, attributed to reduced cash collection from customers and expanded sales scale[12] - Accounts receivable increased to CNY 707.97 million from CNY 526.70 million year-over-year, representing a growth of 34.3%[23] - Inventory decreased to CNY 722.71 million from CNY 866.55 million, a decline of 16.6%[23] - The company's inventory as of March 31, 2022, was ¥213,165,343.78, down from ¥278,742,508.69 at the end of 2021[44] Future Outlook - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[36] - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[21] - There are no indications of mergers or acquisitions being pursued in the near future based on the current report[21]