LSKJ(300680) 长江商报·2025-05-15 23:24Core Viewpoint - Longsheng Technology (隆盛科技) is actively expanding its business in the automotive parts industry, with significant progress in various projects and a focus on new product development, particularly in the fields of aerospace precision manufacturing and humanoid robotics [1][7]. Group 1: Business Development - Longsheng Technology is developing a third-generation dexterous hand and has successfully progressed in the development of a semi-assembly project for electric drive motors for new energy commercial vehicles, with supply expected to Bosch and Seres in the second half of the year [1][8]. - The company has established a strong strategic partnership with Tesla, which is identified as a core strategic customer [1][8]. - Longsheng Technology has seen its stock price double this year, indicating strong market performance [2]. Group 2: Financial Performance - The company has experienced steady growth in operating performance, with revenue and net profit both increasing in 2023 and 2024 [1][5]. - Longsheng Technology's total assets grew from 4.62 billion yuan in 2017 to an expected 40 billion yuan by the end of 2024, representing a growth of approximately 7.66 times [3][4]. - Revenue has increased significantly, from 150 million yuan in 2017 to an expected 2.397 billion yuan in 2024, marking a growth of about 15 times [4][5]. Group 3: Research and Development - The company has made substantial investments in research and development, with expenditures rising from approximately 38.9 million yuan in 2021 to about 92.9 million yuan in 2024 [9]. - Longsheng Technology has successfully broken the foreign monopoly in the heavy truck market for EGR systems and is now achieving mass production with major domestic heavy truck manufacturers [9]. Group 4: Strategic Expansion - Longsheng Technology has expanded its business from a single focus on diesel commercial vehicle EGR systems to three core business segments: EGR systems, new energy vehicle drive motor cores, and precision automotive components [6][8]. - The company is also actively pursuing opportunities in emerging fields such as aerospace precision manufacturing and humanoid robotics, with plans to launch the "Lansen" robot in June 2024 [7][8].