DAYE(SZ:300879)2021-08-23 16:00Financial Performance - The company's operating revenue for the reporting period reached ¥912,163,032.40, representing a 33.94% increase compared to ¥681,001,307.29 in the same period last year[23]. - Net profit attributable to shareholders was ¥63,409,929.09, up 7.79% from ¥58,824,640.15 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was ¥68,193,395.93, reflecting a 13.21% increase from ¥60,237,430.15 in the previous year[23]. - Basic earnings per share decreased by 18.37% to ¥0.40 from ¥0.49 in the same period last year[23]. - The weighted average return on net assets was 6.67%, down 4.91% from 11.58% in the previous year[23]. - The company's total revenue from the garden machinery sector was ¥911,302,551.20, representing a year-on-year increase of 33.95%[72]. - The gross profit margin for the garden machinery sector was 18.82%, slightly up by 0.23% compared to the previous year[72]. - The company's revenue for the first half of 2021 reached ¥912,163,032.40, representing a year-on-year increase of 33.94%[67]. - The cost of sales increased to ¥739,765,084.20, up 33.57% compared to the previous year, primarily due to rising labor and material costs[67]. - Research and development expenses amounted to ¥28,503,086.27, reflecting a 17% increase year-on-year, driven by higher salaries and testing costs for R&D personnel[67]. Cash Flow and Assets - The net cash flow from operating activities decreased significantly by 84.86%, amounting to ¥49,822,510.30 compared to ¥329,027,634.21 in the same period last year[23]. - The company's cash and cash equivalents increased by 201.10% to ¥193,009,545.44, primarily due to increased short-term borrowings[70]. - The accounts receivable increased to ¥322,653,877.23, representing 14.58% of total assets, due to expanded sales to major customers[76]. - The inventory level was ¥513,292,280.78, accounting for 23.19% of total assets, with a slight increase compared to the previous year[76]. - Total assets at the end of the reporting period were ¥2,213,420,119.06, a 21.01% increase from ¥1,829,052,817.76 at the end of the previous year[23]. - The net cash flow from financing activities increased by 224.94% to ¥225,990,121.68, attributed to an increase in short-term borrowings and a decrease in repayments of due borrowings[70]. Corporate Governance and Compliance - All directors attended the board meeting to review the report, ensuring accountability for the report's accuracy and completeness[3]. - The financial report is guaranteed to be true, accurate, and complete by the company's responsible personnel[3]. - The report outlines the company's commitment to transparency and compliance with regulatory requirements[4]. - The company has not faced any environmental penalties during the reporting period and complies with environmental regulations[118]. - The company has not experienced any significant litigation or arbitration matters during the reporting period[131]. - The company has not engaged in any major related party transactions during the reporting period[134]. Market Position and Strategy - The company is a leading enterprise in the domestic garden machinery industry, with 145 patents, including 71 invention patents, and has been recognized as a high-tech enterprise since 2009[30]. - The company has established a strong market position as an ODM manufacturer in the international garden machinery industry, with products sold in over 50 countries and regions, including major clients like Walmart and Makita[31]. - The company primarily adopts an ODM sales model, collaborating with international brands and wholesalers in developed markets like Europe and North America[46]. - The company has established subsidiaries in Europe and North America to enhance its international marketing network and promote its own brands, "MOWOX" and "Green Machine"[46]. - The company has established solid partnerships with high-quality clients, including major retailers like Walmart and Home Depot, enhancing its market position[53]. Research and Development - The company holds 145 patents, including 71 invention patents, showcasing its strong R&D capabilities[59]. - The company plans to continue investing in innovation and R&D to maintain its industry-leading position, focusing on developing new products and optimizing human resources[106]. - The company's focus on R&D and product innovation has been a key driver of its performance growth[51]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts, detailing potential risks and countermeasures in the report[4]. - The company plans to mitigate trade and financial risks by diversifying export markets and enhancing domestic market development[102]. - The company faces operational risks due to high customer concentration, which could negatively impact sales if major customers reduce purchases[108]. Shareholder Information - The total number of shares before the change was 160,000,000, with 76.29% being restricted shares[155]. - The largest shareholder, Zhejiang Jindaye Holdings, holds 52,800,000 shares, accounting for 33.00% of total shares[160]. - The company has a total of 19,019 shareholders at the end of the reporting period[159]. - The number of shares held by foreign investors is 43,202,240, which is 27.00% of total shares[155]. - The company plans to lift restrictions on certain shares on September 1, 2023[157].