DIBAY(SH:603320)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 199,893,927.57, a decrease of 27.07% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 5,580,240.23, down 54.12% year-on-year[3] - Basic and diluted earnings per share were both CNY 0.04, reflecting a decrease of 55.56% compared to the previous year[3] - In Q1 2023, the company experienced a decrease in product sales by approximately 750,000 units, representing a decline of about 22%, which led to a revenue drop of 74.21 million RMB, a year-over-year decrease of 27.07%[10] - Total operating revenue for Q1 2023 was ¥199,893,927.57, a decrease of 27.0% compared to ¥274,104,997.03 in Q1 2022[16] - Net profit for Q1 2023 was ¥5,598,754.06, a decline of 53.7% from ¥12,114,065.87 in Q1 2022[17] - Operating profit for Q1 2023 was ¥7,258,928.78, down 50.3% from ¥14,588,298.94 in Q1 2022[16] Cash Flow and Liquidity - The net cash flow from operating activities increased by 131.44% to CNY 32,916,784.21, primarily due to increased interest income from time deposits and reduced tax payments[6] - Cash flow from operating activities for Q1 2023 was ¥32,916,784.21, an increase of 131.5% from ¥14,222,666.00 in Q1 2022[20] - The company's cash and cash equivalents increased to 363,338,886.30 RMB from 285,914,883.10 RMB year-over-year[11] - The total cash and cash equivalents at the end of the period reached $363,338,886.30, up from $269,369,571.19 year-over-year[21] - The net increase in cash and cash equivalents for the quarter was $78,424,003.20, compared to $53,384,493.68 in the same quarter last year[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,274,780,942.23, an increase of 1.26% from the end of the previous year[4] - The total liabilities of the company as of March 31, 2023, were 474,942,232.83 RMB, up from 464,659,950.16 RMB at the end of 2022[13] - The company reported a total equity of 799,838,709.40 RMB as of March 31, 2023, compared to 794,239,955.34 RMB at the end of 2022[13] Operational Efficiency - The company experienced a significant decline in net profit due to reduced sales volume and increased depreciation from new fixed assets[6] - The company's net profit margin is under pressure due to increased fixed costs per unit as a result of reduced sales volume[10] - The company is focusing on improving operational efficiency and exploring new market opportunities to counteract the decline in sales[10] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,238[8] - Shareholders' equity attributable to the parent company was CNY 797,956,060.75, up 0.70% from the previous year-end[4] Non-Recurring Items - Non-recurring gains and losses amounted to CNY 593,791.61, with government subsidies and asset disposal contributing to this figure[5] Research and Development - Research and development expenses for Q1 2023 were ¥10,905,912.17, up 20.4% from ¥9,058,755.37 in Q1 2022[16] Other Financial Metrics - The weighted average return on net assets decreased by 0.84 percentage points to 0.70%[3] - The company's inventory increased to 167,114,429.47 RMB from 131,836,120.60 RMB year-over-year[11] - The accounts receivable decreased to 114,213,865.20 RMB from 162,691,240.86 RMB year-over-year[11] Accounting Standards - The company did not apply new accounting standards or interpretations for the current year[21]