隆盛科技20241117

Summary of Conference Call on Longsheng Technology Company Overview - Longsheng Technology initially focused on commercial vehicle paint and has expanded into the electric motor core market since 2018, achieving significant growth in this sector post-2020 [1][2] - The company has established a strong presence in both traditional and new energy vehicle markets, with a notable increase in electric motor core business [2] Financial Performance - Longsheng Technology is projected to achieve over 50% growth in revenue this year, reaching approximately 230 million [2] - Forecasts indicate that by 2025, revenue could exceed 300 million with a profit margin surpassing 30% [2][9] - Current valuation is around 20 times earnings, suggesting potential for further valuation expansion [2][9] Strategic Partnerships and New Ventures - On November 1, Longsheng announced a partnership with Chongqing Maomao Automotive Drive Company, focusing on deepening collaboration with the Seris brand, particularly in electric motor core supply [3][4] - The partnership aims to expand into semi-assembly products, increasing the average transaction value from approximately 500-600 to 1,500-2,000 [4] - In March, Longsheng formed a strategic alliance with Galaxy Aerospace, which specializes in low-cost, high-performance satellite communications [5] - This collaboration is expected to enhance Longsheng's core capabilities and open new growth avenues in the aerospace sector [5] Emerging Business Areas - Longsheng is exploring humanoid robotics, with plans to develop precision manufacturing applications and optimize production processes [6][7] - The company aims to achieve high precision in robotic applications, targeting a positioning accuracy of better than 0.1 mm [6] - Longsheng is also involved in commercial aerospace, focusing on satellite attitude control mechanisms, which are critical for satellite operation [7][8] Core Competencies - Longsheng's strength lies in its precision manufacturing capabilities, which are applicable across various sectors, including automotive and aerospace [10] - The company has a solid foundation in large-scale production, cost efficiency, and high-quality standards, which are essential for its automotive and aerospace operations [10] - The ability to leverage precision processing across different applications is a key competitive advantage for Longsheng [10] Future Outlook - Longsheng's rapid growth trajectory and diverse business expansions indicate a promising future, with ongoing developments in humanoid robotics and aerospace [11] - The company is well-positioned to capitalize on emerging market opportunities while maintaining a strong focus on its core competencies [11]