LEAGUER(SZ:002243) Xinda Securities·2024-03-30 16:00Investment Rating - The investment rating for the company is not explicitly stated in the provided content, but the report discusses the company's performance and strategic initiatives, indicating a focus on growth and transformation [2]. Core Insights - The company reported a revenue of 2.516 billion yuan, a decrease of 3.9% year-on-year, and a net profit attributable to shareholders of 329 million yuan, down 21.0% year-on-year [2]. - In Q4 2023, the company achieved a revenue of 758 million yuan, a decline of 17.3%, with a net profit of 39 million yuan, down 83.21% year-on-year [2]. - The company’s operating cash flow for 2023 was -318 million yuan, indicating a significant cash outflow [2]. - The company is focusing on technology innovation services and strategic emerging industries, which accounted for 30.9% and 67.1% of revenue, respectively [2]. - The gross profit margin for 2023 was 24.94%, a decrease of 4.3 percentage points, while the net profit margin was 13.08%, down 2.8 percentage points [2]. - The company is actively exploring technology achievement transformation and has established partnerships in the new energy and storage industries [2]. Summary by Sections - Revenue and Profitability: The company’s total revenue for 2023 was 2.516 billion yuan, with a notable decline in both net profit and operating cash flow [2]. - Business Segments: The technology innovation services and strategic emerging industries showed slight declines in revenue, while new materials and digital economy sectors experienced mixed results [2]. - Strategic Initiatives: The company is implementing its "14th Five-Year" strategic plan, focusing on solidifying its dual business model of "technology innovation services + strategic emerging industries" [2]. - Investment and Growth: The company is investing in early-stage, smaller, and more technology-driven enterprises, with several of its invested companies successfully completing new rounds of financing [2].