DAWEI(002213)2022-04-26 16:00Financial Performance - The company's revenue for Q1 2022 was CNY 161,115,634.87, representing a 15.01% increase compared to CNY 140,084,663.42 in the same period last year[3] - Net profit attributable to shareholders was CNY 2,075,646.33, a significant increase of 99.86% from CNY 1,038,559.77 year-on-year[3] - Basic earnings per share rose to CNY 0.0101, up 102.00% from CNY 0.0050 in the previous year[3] - Total operating revenue for the first quarter was CNY 161,115,634.87, an increase of 15.04% compared to CNY 140,084,663.42 in the previous period[22] - Net profit for the quarter was CNY 1,876,724.32, a decrease of 36.14% from CNY 2,939,547.50 in the same period last year[23] - The total comprehensive income for the parent company in Q1 2022 was CNY 1,959,716.43, up from CNY 1,038,559.77 in Q1 2021, indicating a significant growth[24] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.0101, compared to CNY 0.0050 in Q1 2021, reflecting a 102% increase[24] Cash Flow and Investments - The net cash flow from operating activities improved by 31.64%, reaching CNY -21,256,760.56 compared to CNY -31,096,479.72 in the same period last year[3] - Cash inflows from operating activities totaled CNY 195,214,512.72, compared to CNY 143,063,544.40 in the previous year, marking a growth of approximately 36.5%[26] - Cash outflows from investing activities amounted to CNY 55,494,410.90, compared to CNY 277,334.30 in the previous year, indicating a significant increase in investment activities[27] - The net cash flow from financing activities was CNY 15,073,689.02, down from CNY 19,458,269.94 in Q1 2021, showing a decrease of approximately 22.4%[27] - The ending cash and cash equivalents balance was CNY 60,293,923.69, down from CNY 101,590,088.07 at the end of Q1 2021, reflecting a decrease of about 40.7%[27] Assets and Liabilities - Total assets decreased by 8.44% to CNY 661,830,732.37 from CNY 722,805,129.38 at the end of the previous year[3] - Current assets totaled CNY 412,334,311.90, down 13.41% from CNY 476,244,058.54 at the start of the year[20] - Total liabilities decreased to CNY 276,454,180.23 from CNY 340,789,371.66, a reduction of 18.87%[20] - The company's total assets decreased to CNY 661,830,732.37 from CNY 722,805,129.38 at the beginning of the year, reflecting a decline of 8.45%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,302[11] - The largest shareholder, Shenzhen Chuangtong Investment Development Co., Ltd., holds 19.49% of shares, totaling 40,146,515 shares[11] - The second-largest shareholder, Qiu Yanfang, holds 4.03% of shares, totaling 8,300,000 shares[11] Borrowings and Financial Expenses - Short-term borrowings increased by 79.84% to CNY 44,600,000.00, attributed to business expansion and increased bank loans[8] - The company experienced a 886.72% increase in financial expenses, totaling CNY 1,545,720.49, due to expanded business scale and increased borrowing costs[8] Government Support and Other Income - The company received government subsidies totaling CNY 1,364,471.61, mainly for rent and renovation support[5] - Investment income for the period was CNY 6,481,059.12, primarily from forward foreign exchange contract settlements[9] Subsidiary Activities - The company provided guarantees for its subsidiaries, including a guarantee for a loan of RMB 9.8 million from China Bank[13] - The company’s subsidiary, Shenzhen Dawi Hongde Automotive Industry Co., Ltd., obtained production qualifications for modified vehicles[13] - The company completed a capital increase for its subsidiary, Shenzhen Dawi Yingtong Technology Co., Ltd., raising its registered capital from RMB 6 million to RMB 12 million[14] Future Plans - The company decided to terminate its 2020 non-public offering of A-shares due to various considerations[16] - The company plans to issue up to 30 million A-shares at a price of RMB 10.44 per share, raising a total of up to RMB 313.2 million[17] - The company aims to use the funds raised from the new share issuance to supplement its working capital[17] Research and Development - Research and development expenses for the quarter were CNY 1,900,346.76, slightly up from CNY 1,844,277.38 in the previous year[23] Audit Information - The company did not undergo an audit for the Q1 2022 report[28]