Dawn(SZ:002838)2024-04-25 08:33Financial Performance - The company's revenue for Q1 2024 was CNY 1,206,574,107.16, representing a 14.71% increase compared to CNY 1,051,872,209.31 in the same period last year[5]. - Net profit attributable to shareholders was CNY 35,303,733.79, a 1.97% increase from CNY 34,621,567.72 year-on-year[5]. - Total operating revenue for the current period reached ¥1,206,574,107.16, an increase of 14.7% compared to ¥1,051,872,209.31 in the previous period[23]. - Net profit for the current period was ¥39,093,049.66, representing a 7.7% increase from ¥36,325,262.63 in the previous period[25]. - The total comprehensive income for the current period was ¥37,967,276.57, an increase from ¥34,904,101.62 in the prior period[26]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 17,523,650.24, a decline of 310.87% compared to a positive CNY 8,310,145.93 in the previous year[6]. - Cash flow from operating activities showed a net outflow of ¥17,523,650.24, compared to a net inflow of ¥8,310,145.93 in the previous period[29]. - The company's cash and cash equivalents decreased to CNY 389,867,221.52 from CNY 481,486,635.95, representing a decline of about 19.1%[18]. - The ending balance of cash and cash equivalents was ¥289,099,340.94, down from ¥472,722,924.29 in the previous period[31]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 5,375,985,786.96, up 5.49% from CNY 5,096,021,267.69 at the end of the previous year[6]. - The total liabilities of the company rose to CNY 2,145,131,893.43 from CNY 1,844,090,977.73, marking an increase of about 16.35%[21]. - The company's total equity attributable to shareholders decreased by 0.80% to CNY 3,055,260,789.22 from CNY 3,079,811,285.05 at the end of the previous year[6]. - Current assets totaled CNY 3,206,134,879.35, up from CNY 3,037,482,031.82 at the start of the period, reflecting a growth of approximately 5.57%[18]. Expenses and Income - Sales expenses rose by 33.66% to CNY 12,760,338.43, reflecting increased market sales efforts[11]. - The company’s investment income decreased by 31.22% to CNY 2,357,025.24, primarily due to lower financial investment returns compared to the previous year[11]. - Research and development expenses increased to ¥49,248,514.78, a rise of 5.9% from ¥46,697,021.84 in the prior period[25]. - The company received government subsidies amounting to CNY 7,367,810.62, contributing to a 115.81% increase in other income to CNY 7,932,029.57[11]. Strategic Initiatives and Outlook - The company plans to publicly list 2,424,831 shares held by Daon Group Co., Ltd. on January 22, 2024[16]. - The company provided a future outlook with a revenue guidance of 1.5 billion RMB for Q2 2024, representing a 25% increase compared to Q2 2023[33]. - New product launches are expected to contribute an additional 200 million RMB in revenue by the end of 2024[33]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product performance[33]. - Market expansion plans include entering two new international markets by the end of 2024, targeting a 10% market share in each[33]. - The company has completed a strategic acquisition of a competitor for 300 million RMB, expected to enhance market position[33]. - Overall, the company remains optimistic about achieving a net profit margin of 12% by the end of 2024[33]. Management Changes - The company appointed Mr. Zou Yuanyong as the new Vice General Manager and Chief Financial Officer, effective for the term of the fifth board of directors[16].