DORIGHT(SZ:300950)2023-10-27 16:00Financial Performance - The company's revenue for Q3 2023 was CNY 66,374,836.86, a decrease of 19.19% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was CNY 6,387,917.25, down 75.78% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 5,168,200.88, a decline of 79.08% compared to the previous year[5]. - Total operating revenue for Q3 2023 reached ¥228,761,818.17, an increase of 14.6% compared to ¥199,660,060.93 in Q3 2022[17]. - Net profit for Q3 2023 was ¥37,709,806.75, a decrease of 25% from ¥50,265,295.45 in Q3 2022[18]. - The total comprehensive income for Q3 2023 was ¥37,709,806.75, compared to ¥50,265,295.45 in the same period last year[18]. - The company reported a basic earnings per share of ¥0.25, down from ¥0.34 in Q3 2022[18]. Assets and Liabilities - The total assets as of September 30, 2023, were CNY 1,025,960,720.85, an increase of 12.90% from the end of the previous year[5]. - As of September 30, 2023, the total assets of Qingdao Degute Energy Equipment Co., Ltd. amounted to CNY 1,025,960,720.85, an increase from CNY 908,756,852.64 at the beginning of the year, reflecting a growth of approximately 12.9%[15]. - The company's current assets reached CNY 764,050,958.74, compared to CNY 745,814,324.93 at the start of the year, indicating an increase of about 2.9%[15]. - Total liabilities rose to CNY 365,102,200.73 from CNY 277,448,557.45, marking an increase of around 31.5%[16]. Cash Flow - The company's cash flow from operating activities for the year-to-date was CNY 28,180,292.96, down 54.04% year-on-year[5]. - Operating cash flow net amount was ¥28,180,292.96, down 54% from ¥61,312,966.83 in the same period last year[20]. - Cash and cash equivalents at the end of Q3 2023 totaled ¥301,807,044.71, an increase from ¥180,067,616.70 at the end of Q3 2022[20]. - Cash and cash equivalents increased to CNY 343,801,895.48 from CNY 259,263,920.23, representing a growth of approximately 32.5%[15]. - Investment activities generated a net cash flow of ¥62,832,757.52, a significant improvement from a net outflow of ¥146,764,295.99 in the previous year[20]. Expenses - The company's R&D expenses for Q3 2023 were CNY 13,797,227.10, an increase of 30.67% compared to the same period last year[8]. - Research and development expenses for Q3 2023 were ¥13,797,227.10, up 30.5% from ¥10,558,801.55 in Q3 2022[17]. - The company experienced a 62.31% increase in sales expenses, totaling CNY 6,250,953.01, primarily due to higher personnel costs[8]. - Sales expenses increased to ¥6,250,953.01, compared to ¥3,851,151.25 in the same quarter last year, reflecting a rise of 62.1%[17]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,901, with the largest shareholder holding 53.88% of the shares[9]. - The company reported a total of 90,000,000 shares under lock-up, with no shares released during the period, set to be released on March 3, 2024[12]. Inventory and Receivables - The company reported a significant increase in inventory, which rose by 58.86% to CNY 219,616,411.93 due to increased orders not yet delivered[8]. - Inventory levels increased significantly to CNY 219,616,411.93 from CNY 138,243,876.73, reflecting a growth of approximately 58.8%[15]. - The accounts receivable rose to CNY 80,130,073.79 from CNY 70,106,220.20, indicating an increase of about 14.4%[15]. Future Plans - The company has plans for future expansion and product development, although specific details were not disclosed in the report[14].