Da Ye's operating revenue for 2023 is 928 million yuan, with a net loss of 175 million yuan for the year, a year-on-year shift from profit to loss
On April 23, 2024, Daye Corporation (300879. SZ) released its 2023 annual performance report.
The company achieved a revenue of 928 million yuan, a year-on-year decrease of 36.91%. The net profit attributable to the parent company was -175 million yuan, a year-on-year change from profit to loss. The net cash flow generated from operating activities was 205 million yuan, a year-on-year increase of over 7.63 times. The asset liability ratio was 73.57%, an increase of 9.98 percentage points year-on-year.
The company's gross profit margin was 11.46%, a year-on-year decrease of 4.71 percentage points, achieving a basic earnings per share of -1.09 yuan, which turned negative year-on-year. The diluted return on net assets was -21.37%, which turned negative year-on-year.
The company's inventory turnover rate was 0.96 times, a year-on-year decrease of 0.40 times, and the total asset turnover rate was 0.32 times, a year-on-year decrease of 0.25 times.
The company's advance payment is approximately 640000 yuan, sales expenses are approximately 99.72 million yuan, management expenses are approximately 70.87 million yuan, and financial expenses are approximately 28.38 million yuan.
The company's main products include lawn mowers, accessories, other power machinery, lawn mowers/brush cutters, and others, accounting for 84.09%, 14.06%, -0.76%, 0.32%, and 2.28% of the total revenue. They achieved revenues of 806 million yuan, 68.132 million yuan, 42.1215 million yuan, 8.2627 million yuan, and 3.8768 million yuan, respectively, with gross profit margins of 11.10%, 21.96%, -1.91%, 4.15%, and 62.57%, respectively.
The number of shareholders in the company is 10000, with the top ten shareholders holding 112 million shares, accounting for 69.81% of the total share capital. The top ten shareholders are Zhejiang Jindaiye Holdings Co., Ltd., Hong Kong Gutai International Co., Ltd., Hong Kong Jinde International Holdings Co., Ltd., Yuyao Dechuang Junbo Investment Partnership Enterprise (Limited Partnership), Ningbo Meishan Bonded Port Hengfeng Zhongchuang Investment Partnership Enterprise (Limited Partnership), Jiao Haiwu, Bank of China Dacheng Jingheng Hybrid Securities Investment Fund, Suzhou Zhengyuan Xinyi Asset Management Co., Ltd. Zhengyuan Xinyi Yueyuekai No.2 Private Securities Investment Fund, Everbright Securities Co., Ltd., Huatai Financial Holdings (Hong Kong) Co., Ltd. China Power Fund holds 33.00%, 18.00%, 9.00%, 5.63%, 1.63%, 0.69%, 0.64%, 0.49%, 0.37% of shares respectively 0.36%.
The total R&D expenses of the company were 67.87 million yuan, with R&D expenses accounting for 7.31% of operating income, an increase of 3.01 percentage points year-on-year.
Content source: Oriental Wealth