Dareway(SH:688579)2021-04-26 16:00Financial Performance - Operating revenue for the period was CNY 33,648,103.23, representing a decline of 13.65% year-on-year[5] - Net profit attributable to shareholders of the listed company was CNY -7,030,375.12, showing an improvement from CNY -13,882,048.92 in the same period last year[5] - The company reported non-recurring gains of CNY 3,089,484.10 for the period[8] - Basic and diluted earnings per share were both CNY -0.0176, an improvement from CNY -0.0386 in the previous year[5] - The company expects to achieve profitability in the second quarter, as the adverse effects of the COVID-19 pandemic have largely dissipated[13] - The net profit for Q1 2021 was -¥7,030,375.12, an improvement from -¥13,882,048.92 in Q1 2020, indicating a reduction in losses by approximately 49.3%[28] - The total comprehensive income for Q1 2021 was -¥7,030,375.12, compared to -¥13,882,048.92 in Q1 2020, showing a reduction in comprehensive losses by 49.3%[28] Cash Flow - The net cash flow from operating activities improved to CNY -36,895,790.74 from CNY -60,533,603.13 year-on-year[5] - The company's operating cash flow improved, with a net cash flow from operating activities of RMB -36,895,790.74, an improvement from RMB -60,533,603.13 in the same period last year[12] - The company reported a net cash flow from operating activities of -¥36,895,790.74 in Q1 2021, an improvement from -¥60,533,603.13 in Q1 2020[35] - The company received cash from operating activities totaling ¥116,771,474.92 in Q1 2021, up from ¥65,120,710.40 in Q1 2020[35] - The net cash flow from operating activities was negative at CNY -36,411,299.71, an improvement from CNY -58,037,867.69 in the same period last year[38] - The company experienced a net increase in cash and cash equivalents of CNY 415,817,516.88 during the quarter, compared to a decrease of CNY -85,157,580.98 in the previous year[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,638,659,909.36, a decrease of 0.75% compared to the end of the previous year[5] - The company's total liabilities decreased to CNY 435,341,173.50 in Q1 2021 from CNY 441,362,550.75 in Q4 2020, reflecting a reduction of approximately 1.5%[23] - The company's equity attributable to shareholders was CNY 1,210,342,006.75, a decrease from CNY 1,215,459,980.00 in the previous quarter[23] - Total assets as of March 31, 2021, were CNY 1,645,683,180.25, slightly down from CNY 1,656,822,530.75 at the end of 2020[23] - The total assets of the company decreased to RMB 1,638,659,909.36 from RMB 1,651,081,394.64, indicating a slight decline in overall asset value[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,112[9] - The largest shareholder, Shandong Shanda Capital Management Co., Ltd., held 29.58% of the shares[9] Research and Development - Research and development expenses accounted for 80.77% of operating revenue, an increase of 7.19 percentage points compared to the previous year[6] - The company capitalized research and development expenses, resulting in a 49.54% increase in development expenditures to RMB 14,354,362.51 from RMB 9,599,275.91[12] - Research and development expenses for Q1 2021 were ¥20,863,385.24, down from ¥27,128,137.94 in Q1 2020, reflecting a decrease of 23.1%[30] Operating Costs and Expenses - The company reported a 40.56% decrease in operating costs to RMB 10,674,818.87 from RMB 17,957,683.81, attributed to a lower proportion of hardware and system integration projects[12] - Sales expenses increased by 52.47% to RMB 6,248,937.44 from RMB 4,098,553.09, reflecting the company's ongoing efforts to expand its market presence[12] - The financial expenses for Q1 2021 were -¥501,459.38, a decrease from -¥1,338,776.58 in Q1 2020, indicating a reduction of 62.6%[30] Inventory and Receivables - Accounts receivable rose by 1,496.49% to RMB 29,804,272.60 from RMB 1,866,865.00, primarily due to the receipt of bank acceptance bills from customers[12] - Inventory increased by 183.33% to RMB 68,215,163.53 from RMB 24,076,199.09, mainly due to unaccepted large integrated projects[12] - The company reported a decrease in accounts receivable to CNY 131,234,436.35 from CNY 182,091,880.49 year-over-year[21] Government Subsidies and Deferred Income - The company received government subsidies, leading to a 32.93% increase in deferred income to RMB 64,164,495.22 from RMB 48,269,424.96[12] - Deferred income rose to CNY 64,164,495.22 from CNY 48,269,424.96, marking an increase of about 33%[23]