DFP(SH:601515)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥916,139,419.86, a decrease of 12.49% compared to the same period last year[5] - Net profit attributable to shareholders was ¥224,862,307.83, an increase of 85.48% year-on-year[5] - Basic and diluted earnings per share were both ¥0.120, reflecting a 50.00% increase compared to the previous year[5] - Total operating revenue for Q1 2023 was ¥916,139,419.86, a decrease of 12.5% compared to ¥1,046,944,762.51 in Q1 2022[15] - Net profit for Q1 2023 reached ¥229,962,471.70, an increase of 85.5% from ¥123,932,410.77 in Q1 2022[15] - Operating profit for Q1 2023 was ¥252,001,680.51, compared to ¥126,890,198.88 in Q1 2022, reflecting a significant improvement[15] - Earnings per share for Q1 2023 were ¥0.12, up from ¥0.08 in Q1 2022[16] - The company’s total comprehensive income for Q1 2023 was ¥107.86 million, compared to ¥21.10 million in Q1 2022, reflecting a strong performance[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,074,932,854.92, a decrease of 1.08% from the end of the previous year[6] - Total assets as of March 31, 2023, were RMB 8,074,932,854.92, compared to RMB 8,162,938,834.70 at the end of 2022, reflecting a decline of approximately 1.1%[12] - The company's total assets as of March 31, 2023, were CNY 6,186,453,685.38, slightly up from CNY 6,173,936,962.15 at the end of 2022[24] - The total liabilities decreased to ¥1,856,009,680.29 in Q1 2023 from ¥2,159,942,649.60 in Q1 2022, indicating a reduction of approximately 14.1%[15] - The company's total liabilities decreased to CNY 714,719,949.95 from CNY 810,084,741.81 at the end of 2022[24] - The company’s total liabilities decreased to RMB 3,840,663,087.48 from RMB 4,321,425,724.09, reflecting a reduction of approximately 11.1%[12] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 44,092[9] - The largest shareholder, Hong Kong Dongfeng Investment Group Co., Ltd., held 47.26% of the shares[9] - Shareholders' equity attributable to the parent company increased by 4.01% to ¥5,794,608,767.66[6] Cash Flow and Investments - In Q1 2023, the company's cash inflow from operating activities was CNY 738,518,110.76, a decrease of 9.5% compared to CNY 816,174,564.43 in Q1 2022[19] - The net cash flow from operating activities was -CNY 229,337,793.22, worsening from -CNY 45,579,918.95 in the same period last year[20] - The company reported a net cash inflow from investing activities of CNY 17,529,726.25, a significant improvement from -CNY 73,971,219.64 in Q1 2022[20] - The total cash and cash equivalents at the end of Q1 2023 were CNY 1,682,674,492.51, down from CNY 2,259,853,503.11 at the end of Q1 2022[20] - The cash outflow from financing activities was -CNY 25,671,371.95, compared to -CNY 2,437,219.19 in Q1 2022, indicating increased cash usage for financing[20] Inventory and Receivables - Accounts receivable increased to RMB 734,870,652.56, up from RMB 589,218,449.90, representing a growth of about 24.7%[11] - Inventory decreased to RMB 562,335,253.52 from RMB 757,130,482.35, indicating a reduction of approximately 25.7%[12] - The company reported a notable increase in other receivables, rising to RMB 185,222,153.80 from RMB 108,399,729.68, a growth of about 71.0%[11] - The company’s inventory decreased significantly to CNY 26,576,026.94 from CNY 211,981,493.49, reflecting improved inventory management[23] - The accounts receivable increased to CNY 190,406,390.93 from CNY 193,071,984.00, indicating a stable collection period[23] Research and Development - The company reported a significant reduction in research and development expenses, which fell to ¥4.70 million from ¥12.13 million, a decrease of 61.2%[27] Tax and Financial Expenses - The company reported a tax expense of ¥21,603,194.36 for Q1 2023, compared to ¥2,415,484.18 in Q1 2022, indicating a higher tax burden due to increased profitability[15] - The company's financial expenses showed a notable improvement, with a net financial cost of -¥386,051.11 in Q1 2023 compared to -¥1.99 million in Q1 2022[27]