LongRuanTechnologies(688078)2024-11-22 09:19Group 1: Company Overview - The company, Longsoft Technology, has a product structure where the management platform accounts for approximately 50% of its offerings [1] - In 2022, over 40 out of the top 50 coal enterprises in China have adopted Longsoft's software systems, with more than 1,800 mines utilizing their solutions [1] - Among the first batch of 71 intelligent demonstration coal mines identified by the National Energy Administration, Longsoft's core products have been successfully applied in 46 mines, achieving excellent results during acceptance tests, maintaining the leading position in the industry [1] Group 2: Financial Performance - In the first quarter of 2024, the company has improved its cash flow from operating activities, with a notable decrease in credit impairment losses [2] - The company has intensified efforts in receivables collection, resulting in better collection performance compared to previous years [2] - The main clients are large and medium-sized enterprises in the coal industry, which have shown strong payment capabilities, indicating a low risk of uncollectible bad debts [2] Group 3: Workforce and Market Management - As of now, the company has increased its workforce by approximately 10% compared to last year, primarily in research and development [2] - The company emphasizes quality improvement and market value management, planning to enhance operational efficiency while maintaining communication with the capital market through performance briefings and investor meetings [2]