DORIGHT(SZ:300950)2021-04-26 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥40,436,286.47, representing a 291.85% increase compared to ¥10,319,333.30 in the same period last year[8]. - Net profit attributable to shareholders was ¥8,621,090.91, a significant increase of 550.98% from a loss of ¥1,911,633.10 in the previous year[8]. - The net profit after deducting non-recurring gains and losses was ¥6,731,223.35, up 264.12% from a loss of ¥4,101,288.98 in the same period last year[8]. - The basic earnings per share increased to ¥0.1035, compared to a loss of ¥0.0255 in the same period last year, marking a 505.88% improvement[8]. - Operating profit for the quarter was ¥10,508,951.94, a substantial improvement from a loss of ¥2,312,094.19 in the previous year[48]. - Net profit for Q1 2021 was ¥8,621,090.91, compared to a net loss of ¥1,911,633.10 in Q1 2020, indicating a turnaround in profitability[48]. Assets and Liabilities - Total assets at the end of the reporting period were ¥710,987,979.11, a 33.80% increase from ¥531,368,716.00 at the end of the previous year[8]. - The total assets increased from 155,741,707.75 yuan at the end of 2020 to 264,300,244.10 yuan by March 31, 2021, marking a 69.70% increase[19]. - The total equity attributable to shareholders increased to ¥549,172,477.03 from ¥364,570,873.14 year-on-year, reflecting a growth of 50.7%[45]. - The total liabilities increased by 37.50% to 44,000,000.00 yuan, mainly due to the issuance of bank acceptance bills[19]. - The total current liabilities were reported at RMB 44,000,000.00 for notes payable, up from RMB 32,000,000.00 at the end of 2020, indicating a 37.5% increase[43]. Cash Flow - The net cash flow from operating activities was ¥1,243,324.03, a decrease of 28.65% compared to ¥1,742,484.70 in the same period last year[8]. - Cash inflow from operating activities was ¥59,368,608.73, down from ¥71,890,398.73 in Q1 2020, showing a decrease of 17.4%[50]. - The net cash flow from investment activities was -CNY 85,531,366.19, worsening from -CNY 27,114,300.56 year-over-year[51]. - The net cash flow from financing activities was CNY 187,021,577.50, compared to -CNY 109,958.33 in the previous year, indicating a significant improvement[52]. - The total cash and cash equivalents at the end of the period reached CNY 238,855,154.81, up from CNY 54,046,224.86 in the previous year[52]. Shareholder Information - The total number of shareholders at the end of the reporting period was 27,909[12]. - The company's stock capital increased by 33.33% to 100,000,000.00 yuan as a result of the IPO[19]. Research and Development - Research and development expenses increased by 34.86% to 1,865,839.93 yuan, reflecting ongoing investment in innovation[20]. - Research and development expenses for Q1 2021 were ¥1,865,839.93, up from ¥1,383,543.50 in the same period last year, indicating a focus on innovation[46]. Risks and Management - The company faces risks related to accounts receivable growth and potential bad debts due to long settlement cycles, which may increase management difficulty as the business scales[26]. - The company plans to strengthen customer credit management and ensure contract execution to mitigate risks associated with accounts receivable[27]. - The main business gross margin is at risk of decline due to potential technological advancements and increased competition, with a focus on cost reduction and innovation to maintain margins[28]. Fundraising and Projects - The company has invested ¥17,568.99 million in fundraising projects, with ¥874.37 million utilized in the current quarter[33]. - The "Energy-saving Equipment Production Line Technology Transformation Project" aims to enhance automation and production efficiency, supporting new product development[29]. - The company emphasizes the importance of fundraising projects for achieving strategic goals and sustaining operations despite market uncertainties[29]. - Measures are in place to accelerate project construction and optimize customer structure to prepare for increased production capacity from fundraising projects[30]. - The company has committed to invest a total of RMB 17,568.99 million in energy-saving equipment production line technology renovation and R&D center construction projects, with 29.70% of the funds utilized as of the report date[34]. Compliance and Governance - The company has no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[36][37]. - The company did not undergo an audit for the first quarter report[53].