DFAC(600006)2024-04-29 10:07Financial Performance - Revenue for the reporting period reached ¥3,286,487,650.67, representing a year-over-year increase of 24.61%[1] - Net profit attributable to shareholders was ¥140,115,603.25, reflecting a growth of 46.51% compared to the same period last year[1] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥121,819,635.97, showing a significant increase of 154.96%[1] - Basic earnings per share were ¥0.0701, up by 46.65% year-over-year[1] - The weighted average return on equity increased by 0.51 percentage points to 1.67%[1] - The net profit for the first quarter of 2024 was CNY 140,232,827.08, an increase of 39.4% compared to CNY 100,629,512.36 in the first quarter of 2023[24] - The operating profit for the first quarter of 2024 was CNY 156,232,032.32, compared to CNY 128,045,026.43 in the first quarter of 2023, marking an increase of 22.0%[22] - Basic and diluted earnings per share were both ¥0.0068, a significant decrease from ¥0.0679 in the prior year[46] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥19,475,441,571.22, a slight increase of 1.58% from the end of the previous year[1] - Current assets totaled ¥14,536,507,651.35 as of March 31, 2024, slightly down from ¥14,610,688,428.37 at the end of 2023[13] - Non-current assets amounted to ¥4,938,933,919.87, up from ¥4,561,197,653.98, indicating a growth of 8.3%[17] - Total liabilities increased to ¥10,737,180,496.16 from ¥10,573,857,834.37, reflecting a rise of 1.5%[19] - Total liabilities increased to 11,459,504,551.49 RMB from 11,152,436,755.92 RMB, reflecting a rise in financial obligations[40] - Shareholders' equity attributable to the parent company was ¥8,449,753,020.65, up by 1.69% compared to the previous year[1] - Shareholders' equity rose to ¥8,738,261,075.06 from ¥8,598,028,247.98, an increase of 1.6%[19] Cash Flow - The net cash flow from operating activities was negative at -¥1,725,139,646.53, indicating a decrease in cash received[1] - Cash flow from operating activities showed a net outflow of CNY -1,725,139,646.53 in Q1 2024, worsening from CNY -1,279,353,273.16 in Q1 2023[30] - The company's cash outflow from financing activities was 198,540,323.16 RMB, resulting in a net cash flow from financing activities of 67,283,791.21 RMB[32] - The total cash inflow from investment activities was CNY 1,023,674,824.99 in Q1 2024, significantly higher than CNY 508,482,995.91 in Q1 2023[30] - The company's net cash flow from investing activities was 548,223,730.48 RMB, compared to a negative cash flow of -417,038,644.30 RMB in the previous period[32] Costs and Expenses - The total operating costs for the first quarter of 2024 were CNY 3,270,067,192.47, up from CNY 2,682,790,445.23 in the same period last year, representing an increase of 22.0%[22] - Research and development expenses increased to CNY 102,822,014.94 in Q1 2024, compared to CNY 75,443,390.84 in Q1 2023, reflecting a growth of 36.4%[22] - The company reported a significant increase in development expenditure to ¥76,799,446.50 from ¥59,246,756.01, a growth of 29.7%[17] - The company's gross profit margin for Q1 2024 was approximately 7.8%, compared to 8.9% in Q1 2023, indicating a decline in profitability[40] Market and Strategic Focus - The company reported an increase in sales volume and effective cost control, contributing to improved gross margins[4] - The company is focusing on expanding its market presence and enhancing product development strategies[18] - The company plans to continue focusing on R&D and market expansion despite the current financial challenges[49] Non-Recurring Items - Non-recurring gains and losses totaled ¥18,295,967.28, primarily due to government subsidies and asset impairment reversals[4]