DFGC(000679)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥41,510,782.53, a decrease of 2.38% compared to ¥42,524,084.05 in the same period last year[5] - The net loss attributable to shareholders was ¥8,804,252.88, representing an improvement of 8.66% from a loss of ¥9,638,636.77 in the previous year[5] - The net profit for Q1 2023 was -10,993,931.82 CNY, an improvement from -12,072,181.67 CNY in Q1 2022, indicating a reduction in losses by approximately 9%[18] - Operating profit for the quarter was -10,995,389.04 CNY, compared to -12,060,904.64 CNY in the same period last year, reflecting a 8.8% decrease in operating losses[18] - Total comprehensive income for the quarter was -10,993,931.82 CNY, compared to -12,072,181.67 CNY in the previous year, showing a 9% improvement[19] Cash Flow and Liquidity - The net cash flow from operating activities was ¥4,680,249.23, a significant increase of 113.17% compared to a negative cash flow of ¥35,547,612.36 in the same period last year[5] - Cash flow from operating activities generated a net inflow of 4,680,249.23 CNY, a significant turnaround from a net outflow of -35,547,612.36 CNY in Q1 2022[21] - Cash and cash equivalents increased to CNY 132,784,256.77 from CNY 107,668,280.68 at the beginning of the year, representing a growth of 23.3%[14] - Cash and cash equivalents at the end of the period increased to 114,020,237.77 CNY from 104,339,233.59 CNY at the end of Q1 2022, marking a 9.3% increase[21] - The company reported a decrease in cash outflows from operating activities, which totaled 150,774,805.53 CNY compared to 196,717,402.93 CNY in the previous year, a reduction of approximately 23.4%[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥981,601,340.22, reflecting a 0.99% increase from ¥971,958,048.24 at the end of the previous year[5] - Total assets as of March 31, 2023, were CNY 981,601,340.22, compared to CNY 968,988,048.24 at the beginning of the year, showing an increase of 1.3%[16] - Total liabilities increased to CNY 672,030,418.24 from CNY 648,423,194.44, marking a rise of approximately 3.6%[16] - The company's equity attributable to shareholders decreased to CNY 360,503,061.81 from CNY 369,307,314.69, a decline of about 2.2%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 22,125[10] - The top shareholder, Wuxin Investment Holdings (Shenzhen) Co., Ltd., held 28.06% of the shares, amounting to 100,000,000 shares, which are currently frozen[10] Operational Metrics - Accounts receivable decreased by 98.59% compared to the beginning of the period, primarily due to the recovery of funds from non-cash transactions in retail[8] - Accounts receivable decreased significantly to CNY 40,926.00 from CNY 2,907,199.00, indicating a reduction of approximately 98.6%[14] - Inventory decreased to CNY 35,073,492.83 from CNY 37,469,696.11, reflecting a decline of about 6.4%[15] - The company incurred financial expenses of 6,992,070.30 CNY, up from 5,633,375.98 CNY in the previous year, representing a 24.1% increase[18] Future Outlook - The company is currently involved in ongoing litigation related to a dispute with its former controlling shareholder, which may impact future profits[12] - The company has not provided specific guidance for future performance due to uncertainties surrounding the ongoing litigation[12] Research and Development - Research and development expenses were not explicitly detailed in the provided data, but the company continues to focus on innovation and product development[18] Financing Activities - The company raised 30,000,000.00 CNY through financing activities, significantly higher than 8,400,000.00 CNY in Q1 2022, indicating a strong capital influx[21]