Nikon D5300 has a
24.0MP APS-C (23.5 x 15.6 mm ) sized CMOS sensor and features Expeed 4 processor. On the other hand, YI M1 has a
20.0MP Four Thirds (17.3 x 13 mm ) sized CMOS sensor .
Another difference between these two cameras is that Nikon D5300's sensor lacks anti-alias (Low-Pass) filter. Removing anti-alias filter increases the sharpness and level of detail but at the same time, it increases the chance of moiré occurring in certain scenes.
Below you can see the D5300 and M1 sensor size comparison.
As seen above, Nikon D5300 has a 1.6x Larger sensor area than YI M1. Larger sensors give photographer more control on the depth of field and blurry background compared to smaller sensor when shot in same focal length and aperture.