隆盛科技20241128

Summary of Longsheng Technology Conference Call Company Overview - Longsheng Technology is initiating a share buyback program due to favorable national policies and low company valuation, with a buyback amount set between 100 million to 200 million yuan [2][3] Key Points and Arguments - The buyback amount is based on a 100 million yuan special loan plan from Wuxi Jiangsu Construction Bank, combined with the company's own funds and future financial planning [2][4] - The establishment of Chongqing Longsheng Maomao New Energy Company aims to enhance the automotive parts business and introduce new robotics operations, solidifying relationships with core clients like Seres and expanding into new business areas [2][5] - Longsheng Technology has achieved profitability in the first three quarters of 2023 and aims for over 200 million yuan in profit for the entire year, with a confident target of over 3 billion yuan in revenue by 2025 [2][7] - The company is actively developing a third growth curve in the low-altitude commercial aerospace sector, collaborating with strategic partners like Galaxy Aerospace, with new developments expected in the first quarter of next year [2][8] Additional Important Information - The robotics business of Longsheng Maomao New Energy overlaps with Longsheng Technology's existing operations, focusing on core components while Longsheng Technology concentrates on complete machines [2][6] - The company is currently working on ensuring supply for the fourth quarter, particularly for the new energy passenger vehicle hybrid system [7]