LONGSHINE(300682) Xinda Securities·2025-04-28 07:27Investment Rating - The investment rating for the company is not explicitly stated in the provided documents, but the report indicates a focus on maintaining steady growth while exploring new business opportunities, suggesting a positive outlook for future performance [1][2]. Core Insights - The company reported a total revenue of 4.479 billion yuan in 2024, a decrease of 5.24% year-on-year, and a net profit attributable to shareholders of -250 million yuan, compared to 604 million yuan in the previous year [1]. - The company has divested from non-core businesses, focusing on energy digitalization and energy internet, with energy digitalization revenue at 2.147 billion yuan, down 7.51% year-on-year, while energy internet revenue grew by 17.63% to 1.804 billion yuan [1]. - The company has made significant advancements in AI-assisted electricity trading, achieving an annual trading volume exceeding 1.9 billion kWh, a year-on-year increase of over 500% [1]. - The company’s life payment platform serves over 500 million users, with daily active users nearing 20 million, and the aggregation charging business has reached a charging volume of 5.2 billion kWh [1]. Financial Summary - The company’s total revenue for 2023 was 4.727 billion yuan, with a projected increase to 5.113 billion yuan in 2025, reflecting a growth rate of 14.1% [2]. - The net profit attributable to shareholders is expected to recover from -250 million yuan in 2024 to 532 million yuan in 2025, indicating a significant turnaround [2]. - The gross margin is projected to improve from 41.3% in 2024 to 45.6% by 2027, showcasing enhanced operational efficiency [2]. - The earnings per share (EPS) is forecasted to rise from -0.23 yuan in 2024 to 0.73 yuan in 2027, reflecting a positive growth trajectory [2].