LONGLI(SZ:300752)2024-05-15 09:26Financial Performance - In 2023, the company achieved a net profit of 45.674 million yuan, a significant increase of 113.85% compared to the previous year, marking a turnaround from losses [1] - From Q2 to Q4 of 2023, the company reported continuous profitability with net profits of 1.4685 million yuan, 12.7277 million yuan, and 44.6168 million yuan respectively, showing quarter-on-quarter growth rates of 111.18%, 766.71%, and 250.55% [1] - In Q1 2024, the company generated operating revenue of 296 million yuan, a year-on-year increase of 89.63%, and a net profit attributable to shareholders of 20.1537 million yuan, reflecting a growth of 253.39% [2] Cost Management and Profitability - The company improved its comprehensive gross margin from 6.4% to 13.06% in 2023, attributed to enhanced product structure, expanded customer base, reduced operating costs, and improved management efficiency [2] - Management expenses decreased by 50.48% year-on-year, contributing to the overall improvement in profitability [2] Strategic Development - The company aims for high-quality long-term development in 2024, focusing on profitability and leveraging its innovative R&D capabilities and integrated supply chain to provide high-quality products [2] - Plans to deepen the Mini-LED business and accelerate the R&D and promotion of Mini-LED technology to enhance corporate strength and improve cost efficiency [2]