LONGSHINE(300682)2022-11-23 06:58Group 1: Company Overview and Performance - Langxin Technology Group achieved a revenue of 3.387 billion CNY in 2020, representing a year-on-year growth of 14.1% [3] - The net profit attributable to shareholders was 707 million CNY, a decrease of 30.69% due to a one-time investment gain of 499 million CNY from the acquisition of Bangdao Technology in 2019 [3] - The net profit excluding non-recurring gains was 584 million CNY, showing a year-on-year increase of 43.86% [3] Group 2: Business Segments and Growth - Software service revenue reached 1.888 billion CNY, up 34.02%, accounting for 55.75% of total revenue [3] - Platform operation revenue was 825 million CNY, growing approximately 43.33%, making up 24.36% of total revenue [4] - The digital life scenario platform served over 330 million users and more than 5,600 industry clients in 2020 [3] Group 3: Charging Station Business - The "New Electric Path" aggregation charging platform connected over 220 charging operators and more than 100,000 charging stations by the end of 2020, covering over 260 cities [6] - The platform served over 500,000 electric vehicle owners and aggregated charging volume exceeded 70 million kWh [7] - The company does not build charging stations but collaborates with charging operators and super apps like Alipay and Gaode to enhance service efficiency [5] Group 4: Future Outlook and Strategic Initiatives - The company is focusing on digital transformation in the energy sector, with plans to expand into power data services, electricity marketing, and comprehensive energy services [9] - The company aims to leverage its capabilities in IoT collection, market-oriented operations, and demand response to drive growth in the energy digitalization space [9] - Operating cash flow improved significantly in Q4 2020, with a net inflow exceeding 580 million CNY, and is expected to continue improving in 2021 [10]