DORIGHT(300950)2024-10-24 08:29Financial Performance - The company achieved a revenue of 421 million CNY in the first three quarters of 2023, representing a year-on-year growth of 84.01% [1] - The net profit attributable to shareholders reached 98.17 million CNY, with a significant increase of 160.15% compared to the same period in 2022, marking the best performance in the company's history [1] Growth Drivers - The growth in performance is primarily attributed to the company's continuous expansion in overseas markets and alignment with national dual carbon policies and equipment renewal policies [1] - The company is focusing on international development, leveraging brand technology and overseas market demand analysis to establish new growth engines [2] Order Status - As of the 2024 mid-year report, the company has an order backlog of 515 million CNY, with overseas orders amounting to 230 million CNY, mainly in the coal chemical and petrochemical sectors [2] International Market Presence - The company's products are exported to over 30 countries and regions, including the USA, Canada, Germany, and Japan, supported by a global sales network [2] - The main competitor in the international market is ARVOS Group, but the company maintains a competitive edge through shorter delivery times, quick service response, and superior product quality [2] Future Directions - The company is transitioning from a "product supplier" to a "system integration service provider," aiming to create a comprehensive value chain for clean combustion and efficient heat exchange [2] - Plans include increasing R&D investment and expanding product applications into areas such as sludge treatment and clean coal utilization [2] Shipping Costs - The impact of shipping cost fluctuations on overseas orders is managed through FOB and CIF trade methods, with shipping prices being negotiated prior to shipment under CIF agreements [2] Subsidiary Overview - The company holds a stake in Zhongke Hefei, a national high-tech enterprise that aligns with the dual carbon strategy and has a promising market outlook [3] - Collaboration with Zhongke Hefei is expected to enhance R&D, production, and customer service capabilities through shared innovation and manufacturing strengths [3]