2025 Annual Report Summary of Ningbo Daye Garden Machinery Co. Ltd.
Stock Code:300879 Stock Abbreviation:DAYE Group Announcement No.:2026-011
2025 Annual Report Summary of
Ningbo Daye Garden Machinery Co. Ltd.若英文版年报摘要与中文版年报摘要有不一致，请以中文版为准。
In the event of any inconsistency between the English annual report summary and the
Chinese annual report summary the Chinese version will take precedence.I. Important Notice
This annual report summary is derived from the full text of the annual report. To fully understand the
Company’s operating results financial status and future development plans investors should carefully read the
full annual report on the media designated by the China Securities Regulatory Commission.All directors attended the Board meeting to deliberate on this report
Pan-China Certified Public Accountants (Special General Partnership) issued a standard unqualified opinion on
the Company’s financial report for the year.Notice of the non-standard audit opinion
□ Applicable Not applicable
The Company was not profitable at the time of its listing and has not achieved profitability to date.□ Applicable Not applicable
Profit distribution plan or capital reserve transfer plan to increase capital approved by the Board during the
reporting period.□ Applicable Not applicable
The Company plans not to distribute cash dividends not to issue bonus shares and not to convert capital
reserves into share capital.The profit distribution plan for preferred shares approved by the Board during the reporting period
□ Applicable Not applicable
II. Company Overview
1. Company Profile
Stock abbreviation DAYE Group Stock code 300879
Stock listing exchange Shenzhen Stock Exchange
Contact person and contact information Board Secretary Securities representative
Name Jun Wu Junnan Wang
No. 58 Jinfeng Road Yuyao City Zhejiang No. 58 Jinfeng Road Yuyao City
Office address
Province Zhejiang Province
Fax 0574-62569808 0574-62569808
12025 Annual Report Summary of Ningbo Daye Garden Machinery Co. Ltd.
Tel. 0574-62569800 0574-62569800
Email zjb01@dayepower.com zjb01@dayepower.com
2. Overview of Main Business or Products During the Reporting Period
The Company's main business is the research and development production and sales of garden machinery
products. According to the purpose it can be divided into lawn mowers grass trimmers/brush cutters other
power machinery and accessories etc. Other power machinery mainly includes snow throwers scarifiers leaf
blowers & vacuums cultivators etc. The Company's products can be divided into gasoline equipment lithium
battery equipment and AC equipment according to the power source. According to the usage method they can
be divided into riding walking behind handheld and intelligent. The riding type mainly refers to riding lawn
mowers the walking type mainly includes lawn mowers snow throwers cultivators and scarifiers the handheld
type mainly includes grass trimmers/brush cutters leaf blowers & vacuums chainsaws pole hedge trimmers
pole saws etc. and the intelligent type mainly refers to robotic lawn mowers.To meet the needs of customers the Company has continuously increased its investment in new product
research and development and has continuously enriched and improved its product range. During the reporting
period the Company provided customers with 27 product categories forming a relatively complete product
lineup.(a) The Company's main products include:
Main products Company's main product categories
Lawn mowers Gasoline lawn mowers (including ride-on lawn mowers) AC lawn mowers lithium-ion lawnmowers (including robotic lawn mowers)
AC grass trimmers lithium-ion grass trimmers
Grass trimmers/Brush cutters
Gasoline brush cutters lithium-ion brush cutters
Gasoline snow throwers AC snow throwers lithium-ion snow throwers
Gasoline scarifiers AC scarifiers lithium-ion scarifiers
Gasoline cultivators AC cultivators lithium-ion cultivators
Other power machinery Wood splitters
AC leaf blowers & vacuums Lithium-ion leaf blowers & vacuums Lithium-ion blowers
Lithium-ion chainsaws lithium-ion hedge trimmers lithium-ion pole hedge trimmers lithium-
ion pole saws etc.Outdoor and home equipment Gasoline water pumps AC water pumps and grills etc.The applications of the Company's main products are as follows:
Main produc
ts Gasoline power products AC power products
Lithium-ion pow
er products Product Uses
Mainly used f
or turf mowin
g in private ga
Lawn mowers rdens public
green spaces a
nd professiona
l lawns.
22025 Annual Report Summary of Ningbo Daye Garden Machinery Co. Ltd.
Main produc
ts Gasoline power products AC power products
Lithium-ion pow
er products Product Uses
Mainly used i
n lawns garde
Grass ns pastures an
trimm - d other places
ers to trim and cut
Gras weeds along
s t r i edges/corners
m m
ers/
Brus
h cut
ters
Mainly used f
Brush or pruning dea
cutters d grasses and
shrubs.Snow Mainly used f
throw or removing s
ers now from roads.Mainly used t
Othe o cut off exces
r po Scarifi s grass roots a
wer ers nd help the la
m a c wns grow nor
hine mally.ry Mainly used f
Leaf b or blowing va
lowers cuuming and
& vac crushing weed
uums s leaves and
other debris.Mainly used i
n gardens fiel
ds and orchar
Power ds such as rot
tillers ary tillage plo
ughing loose
ning sowing
etc.
32025 Annual Report Summary of Ningbo Daye Garden Machinery Co. Ltd.
Main produc
ts Gasoline power products AC power products
Lithium-ion pow
er products Product Uses
Mainly used f
or splitting stu
Wood - mps large bra
splitte - nches large ro
rs und timber se
ctions and har
d timbers.Mainly used i
O u t Water n drainage irr
door pumps igation and do
and mestic water s
hom upply.e eq
u i p
men
t Ovens Mainly used i
& gril n outdoor or i
ls ndoor barbecu
- e and cooking.-
3. Key Accounting Data and Financial Ratios
（1）Key Accounting Data and Financial Ratios for the Past Three Years
Does the Company need to make retrospective adjustments or restate its financial data for prior years
□Yes□No
Unit: Yuan
Change from the end of
By the end of 2025 By the end of 2024 By the end of 2023
the previous year
Total assets 5109940435.99 3328690092.28 53.51% 3096302961.95
Net assets attributable
to shareholders of the 1215115284.05 1194391292.65 1.74% 818377211.04
listed company
January–December January–December Change from the January–December
2025 2024 previous year 2023
Revenue 3751605988.64 1761023037.12 113.04% 928459027.45
Net profit attributable
to shareholders of the -45383438.46 16115206.30 -381.62% -174870110.96
listed company
Net income attributable
to shareholders of the
listed company
-65120298.6713212953.00-592.85%-163702674.03
excluding non-
recurring gains and
losses
Net cash flow from -71006095.16 153194942.05 -146.35% 204549639.71
42025 Annual Report Summary of Ningbo Daye Garden Machinery Co. Ltd.
operating activities
Basic earnings per
-0.230.10-330.00%-1.09
share (RMB per share)
Diluted earnings per
share (RMB per share) -0.23 0.10 -330.00% -0.94
Weighted Average Return
-3.77%1.82%-5.59%-19.78%
on Equity
（2）Key Financial Data by Quarter
Unit: Yuan
First Quarter Second Quarter Third Quarter Fourth Quarter
Revenue 1517836301.72 1033271716.23 522019851.82 678478118.87
Net profit attributable
to shareholders of the 194200882.88 30786656.97 -101181831.76 -169189146.55
listed company
Net income attributable
to shareholders of the
listed company
excluding non- 139807519.46 67971496.90 -115431167.12 -157468147.91
recurring gains and
losses
Net cash flow from
-26859405.53462692302.12-263205497.18-243633494.57
operating activities
Are there any material differences between the aforementioned financial indicators or their aggregate totals and the relevant
financial indicators disclosed in the Company’s quarterly and semi-annual reports
□Yes□No
4. Share Capital and Shareholder Information
(1)Number of ordinary shareholders and preferred shareholders with restored voting rights and the shareholding of the
top 10 shareholders
Unit: Share
Total Total number of
Total number of Total number of
number of preferred Total number
ordinary preferred
ordinary shareholders with of
shareholders at shareholders
shareholder restored voting shareholders
22729 the end of the 23686 with restored 0 0 0
s as of the rights as of the end holding
month prior to voting rights at
end of the of the month prior to special voting
the disclosure of the end of the
reporting the disclosure of the shares (if any)
the annual report reporting period
period annual report
Shareholding of the top 10 shareholders (excluding shares loaned through refinancing)
Number of Pledged marked or
Shareholder Shareholding Number of shares subject to frozen shares
Shareholder name
nature ratio shares held trading Status of
restriction Quantityshares
Zhejiang Jindaye Holdings Domestic non- Not
26.20%53032932.000.000.00
Co. Ltd. state-owned applicable
52025 Annual Report Summary of Ningbo Daye Garden Machinery Co. Ltd.
corporation
Hongkong Gotex Overseas legal Not
14.23%28800000.000.000.00
International Co. Ltd. entity applicable
Hongkong Kingdex
Overseas legal Not
International Holdings Co. 7.11% 14400000.00 0.00 0.00
entity applicable
Ltd.Yuyao Dechuang Junbo
Domestic non-
Venture Investment Not
state-owned 3.58% 7250000.00 0.00 0.00
Partnership (Limited applicable
corporation
Partnership)
Kuwait Investment Overseas legal Not
1.75%3551849.000.000.00
Authority entity applicable
Macau Monetary Authority Overseas legal Not
1.46%2962570.000.000.00
- Owned Fund entity applicable
Domestic natural Not
Xiaobo Ye 0.90% 1827180.00 1370385.00 0.00
person applicable
Domestic natural Not
Jichuan Tian 0.83% 1687100.00 0.00 0.00
person applicable
Domestic natural Not
Lin Yang 0.74% 1500000.00 0.00 0.00
person applicable
Jiashi Yuanfeng Stable
Stock Pension Product - Not
Miscellaneous 0.40% 807894.00 0.00 0.00
China Construction Bank applicable
Joint Stock Company
Shareholders Zhejiang Jindaye Holdings Co. Ltd. Hong Kong Gutai International Co. Ltd. Hong Kong
Explanations of
Jinde International Holdings Co. Ltd. and Yuyao Dechuang Junbo Investment Partnership (Limited
relationships between
Partnership) are controlled by the same actual controller Xiaobo Ye and are in a concerted action
or concerted actions of
relationship. In addition the Company is unaware of whether there are any affiliated relationships among
the aforementioned
other shareholders nor whether they fall under the concerted action persons stipulated in the Measures for
shareholders
the Administration of Takeovers of Listed Companies.The situation of shareholders holding more than 5% of shares the top 10 shareholders and the top 10 shareholders of unrestricted
tradable shares participating in shares loan through refinancing
□Applicable Not applicable
Changes occurred in the top 10 shareholders and the top 10 shareholders of unrestricted tradable shares compared with the
previous period due to shares loan through refinancing/return
□Applicable Not applicable
Whether the Company has differential voting rights arrangements
□Applicable Not applicable
(2) Total number of preferred shareholders and shareholding of the top 10 preferred shareholders
During the reporting period the Company had no shareholding information for Preference Share shareholders.
62025 Annual Report Summary of Ningbo Daye Garden Machinery Co. Ltd.
(3) Disclosure of the ownership and control relationship between the Company and the actual controller in the form of a
block diagram
5. Bonds in Effect as of the Date of Approval of the Annual Report
□Applicable Not applicable
III. Significant Matters
None.
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