LINGYUN CORPORATION(600480)2024-05-21 07:36Group 1: Company Overview and Activities - The company, Lingyun Industrial Co., Ltd., held an earnings briefing on May 20, 2024, to discuss the 2023 annual results and the first quarter of 2024 [1][5] - The meeting aimed to provide investors with a comprehensive understanding of the company's financial performance and operational results [5] Group 2: Financial Performance - In 2023, the company reported a revenue of 18.7 billion, representing a year-on-year growth of 12.06% [7][10] - The net profit attributable to shareholders was 632 million, showing an impressive increase of 85%, while the net profit after deducting non-recurring items grew by 96% [7][10] - For the first quarter of 2024, the company achieved a revenue of 4.3 billion, with a year-on-year increase of 8.48%, and a net profit of 220 million, reflecting a significant growth of 163% [10] Group 3: Future Projections - The company plans to achieve a revenue target of 19.26 billion for 2024, which serves as an internal management control indicator [7] - The company has over 52 billion in orders as of the end of 2023, with a focus on gradual production starting in 2024 [9] Group 4: Technological Innovations - Lingyun focuses on key technological innovations in the new energy vehicle parts sector, emphasizing the importance of technological breakthroughs in the automotive components industry [6] - The company has developed core technologies for high-strength, lightweight automotive components, achieving significant advancements in production capabilities [13] Group 5: ESG and Environmental Commitment - The company received a CC rating in ESG from Huazheng Environment, indicating room for improvement in environmental performance [8] - Lingyun is committed to integrating ESG principles into its operations, focusing on environmental protection, social responsibility, and corporate governance [8][15] Group 6: Shareholder Engagement and Dividends - The company maintains a cash dividend policy of distributing over 30% of the net profit attributable to shareholders, with a preliminary plan for 2023 to distribute 2.5 per 10 shares [11] - The company ensures fair information disclosure to all investors, including updates on shareholder numbers and dividend plans [11][12]