DORIGHT(SZ:300950) Xin Lang Cai Jing·2025-09-04 07:55Core Viewpoint - The company, Qingdao Degute Energy Saving Equipment Co., Ltd., has experienced a significant decline in stock price and trading volume, indicating potential market challenges and investor sentiment issues [1]. Group 1: Company Overview - Qingdao Degute was established on April 5, 2004, and went public on March 3, 2021, focusing on the design, manufacturing, and sales of energy-saving and environmental protection equipment [9]. - The company's main business revenue composition includes energy-saving heat exchange equipment (76.84%), equipment maintenance and modification (8.40%), powder and other environmental protection equipment (5.27%), equipment parts (4.44%), and specialized custom equipment (4.27%) [10]. Group 2: Financial Performance - For the first half of 2025, the company reported revenue of 250 million yuan, a year-on-year decrease of 8.66%, and a net profit attributable to shareholders of 49.03 million yuan, down 28.23% year-on-year [10]. - The company has distributed a total of 87.67 million yuan in dividends since its A-share listing, with 67.67 million yuan distributed over the past three years [11]. Group 3: Market Dynamics - The company has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, which is a prestigious title for small and medium-sized enterprises in China, indicating its strong market position and innovation capabilities [2]. - The company benefits from a 59.28% share of overseas revenue, aided by the depreciation of the Chinese yuan [3]. Group 4: Technological Advancements - The company has developed a high-temperature air preheater for gasification, which utilizes heat energy released during the cooling of high-temperature gas, achieving a 45% increase in output and a fuel savings of 9.3% to 13.2%, contributing to carbon emission reduction [4]. - The company has previously produced containers for storing spent fuel rods from the Fukushima nuclear power plant, indicating its involvement in the nuclear energy sector [5]. Group 5: Investment Sentiment - Recent trading data shows a net outflow of 43.65 million yuan from main funds, with a continuous reduction in main fund positions over the past three days [6][7]. - The average trading cost of the stock is 32.01 yuan, with the stock price nearing a support level of 29.80 yuan, suggesting potential volatility in the near term [8].