DAWEI(002213)2021-04-28 16:00Financial Performance - The company's revenue for Q1 2021 was ¥140,084,663.42, representing a 158.55% increase compared to ¥54,181,600.71 in the same period last year[7] - Net profit attributable to shareholders was ¥1,038,559.77, a significant increase of 259.79% from ¥288,659.48 in the previous year[7] - The net profit after deducting non-recurring gains and losses was ¥798,514.58, compared to a loss of ¥1,716,357.77 in the same period last year, marking a 146.52% improvement[7] - The basic earnings per share increased to ¥0.0050, up 257.14% from ¥0.0014 in the previous year[7] - Operating revenue surged by 158.55% to ¥140,084,663.42, driven by business scale expansion[14] - Net profit attributable to the parent company increased by 259.79% to ¥1,038,559.77, reflecting significant profit growth during the reporting period[14] - The company reported a gross profit of CNY 17,683,620.37 for Q1 2021, reflecting a gross margin improvement[48] - Net profit for Q1 2021 was CNY 2,939,547.50, up from CNY 161,454.52 in the same period last year[50] Assets and Liabilities - The total assets at the end of the reporting period were ¥533,726,834.67, reflecting a 4.93% increase from ¥508,642,234.02 at the end of the previous year[7] - The net assets attributable to shareholders were ¥378,064,291.70, a slight increase of 0.28% from ¥377,011,415.92 at the end of the previous year[7] - Total liabilities reached CNY 128,864,679.63, up from CNY 106,733,942.51, representing an increase of approximately 20.7%[42] - Total assets as of the end of Q1 2021 were CNY 441,319,516.95, slightly down from CNY 441,404,943.41[46] - Total liabilities increased to CNY 104,676,497.85 from CNY 102,020,097.39 in the previous period[46] Cash Flow - The company reported a net cash flow from operating activities of -¥31,096,479.72, which is a decline of 178.96% compared to -¥11,147,198.84 in the same period last year[7] - Cash flow from operating activities showed a net outflow of ¥31,096,479.72, a decrease of 178.96% due to increased business expansion and accounts receivable not yet collected[14] - The net cash flow from investment activities was -5,949,843.41, compared to 105,008,871.06 in the previous period[62] - The financing activities generated a net cash inflow of 19,458,269.94 yuan, compared to 6,323,439.06 yuan in the previous year[59] - Cash inflow from financing activities was 7,655,974.18, while cash outflow was 7,658,942.17, resulting in a net cash flow of -2,967.99[62] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,397[10] - The largest shareholder, Shenzhen Chuangtong Investment Development Co., Ltd., held 19.49% of the shares, totaling 40,146,515 shares[10] Research and Development - Research and development expenses increased by 56.57% to ¥1,844,277.38, indicating a rise in R&D projects[14] - Research and development expenses for Q1 2021 were CNY 1,844,277.38, compared to CNY 1,177,952.70 in the previous year, indicating increased investment in innovation[49] Investments and Subsidiaries - The company established a new subsidiary, Shenzhen Dawi Innovation Electronics Technology Co., Ltd., with a registered capital of ¥10 million[18] - The company increased its investment in Sichuan Oule Intelligent Technology Co., Ltd. by RMB 36 million, raising its stake to 60%[21] - The company established a joint venture named Dawi Jiujiang (Hubei) Technology Co., Ltd. with a registered capital of RMB 10 million, where the wholly-owned subsidiary contributed RMB 4 million for a 40% stake[22] - The company completed all necessary procedures for the capital increase in Sichuan Oule, making it a wholly-owned subsidiary[21] Risk Management and Policies - The company has established a risk management system for foreign exchange derivatives, including regular training for staff and close monitoring of market prices[29] - The company has a foreign exchange derivative trading policy aimed at locking in exchange rates and preventing interest rate risks, with no speculative trading allowed[29] Other Information - The company has obtained multiple patents, including 3 design patents and 6 trademark registrations[24] - The company has not engaged in any securities investments during the reporting period[26] - The company has not reported any overdue commitments from its actual controllers or shareholders during the reporting period[25] - The first quarter report was not audited[65]