DFGC(000679)2023-05-03 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, 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, representing a decrease in loss of approximately 9%[17] - Operating profit for Q1 2023 was -10,995,389.04 CNY, compared to -12,060,904.64 CNY in the same period last year, indicating a reduction in operating loss of about 8.8%[17] - Total comprehensive income for Q1 2023 was -10,993,931.82 CNY, compared to -12,072,181.67 CNY in Q1 2022, reflecting a year-over-year improvement of approximately 9%[18] 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 recovery from a net outflow of -35,547,612.36 CNY in Q1 2022[20] - The company's 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%[13] - Cash and cash equivalents at the end of Q1 2023 increased to 114,020,237.77 CNY from 104,339,233.59 CNY at the end of Q1 2022, marking an increase of about 9.6%[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥981,601,340.22, reflecting a 1.30% increase from ¥968,988,048.24 at the end of the previous year[5] - Total liabilities increased to CNY 672,030,418.24 from CNY 648,423,194.44, indicating a rise of 3.6%[15] - Accounts receivable decreased significantly to CNY 40,926.00 from CNY 2,907,199.00, indicating improved collection efforts[13] - Inventory levels decreased to CNY 35,073,492.83 from CNY 37,469,696.11, showing a reduction of 6.4%[14] Shareholder Information - The basic and diluted earnings per share were both -¥0.025, showing an improvement of 7.41% from -¥0.027 in the same period last year[5] - The total number of ordinary shareholders at the end of the reporting period was 22,125[9] Financial Challenges and Legal Issues - The company has ongoing litigation related to acquisition disputes, which may impact future profitability, but the outcome remains uncertain[11] - The company is actively monitoring the legal proceedings and their potential implications on financial performance[11] Financial Expenses and Impairments - The company incurred financial expenses of 6,992,070.30 CNY in Q1 2023, up from 5,633,375.98 CNY in Q1 2022, representing an increase of approximately 24%[17] - The company reported a credit impairment loss of 359,295.38 CNY in Q1 2023, a significant improvement from a loss of -1,638,522.97 CNY in Q1 2022[17] Investment Activities - The total cash outflow from investing activities was 33,539.82 CNY in Q1 2023, compared to 111,334.69 CNY in Q1 2022, indicating a reduction in investment outflows of about 69.9%[20] - The company raised 30,000,000.00 CNY through financing activities in Q1 2023, compared to 8,400,000.00 CNY in Q1 2022, reflecting an increase of approximately 257%[20]