LINGYUN CORPORATION(600480)2024-05-21 11:02Financial Performance - 2023 revenue reached 18.7 billion yuan, a year-on-year increase of 12.06% [7][10] - Net profit attributable to the parent company in 2023 was 632 million yuan, up 85% year-on-year [7][10] - Non-GAAP net profit in 2023 was 570 million yuan, up 96% year-on-year [7][10] - Q1 2024 revenue was 4.3 billion yuan, up 8.48% year-on-year [10] - Q1 2024 net profit attributable to the parent company was 220 million yuan, up 163% year-on-year [10] - 2024 revenue target is 19.26 billion yuan [7] New Orders and Market Expansion - Total new orders in 2023 exceeded 52 billion yuan, mainly for projects starting production from 2024 [8][9] - 240 new metal projects and 344 new automotive pipeline projects secured in 2023 [14] - 5 new TSL projects secured in Mexico [14] - Q1 2024 saw increased orders from BMW, Great Wall Motors, Changan Automobile, Seres, GAC Toyota, and Stellantis [12] Technological Innovation - Focused on key technological innovations in new energy vehicle components [5] - Developed high-strength steel online variable curvature forming technology, breaking foreign monopoly [13] - Achieved mass production of 1700MPa roll-formed products [13] - Established China's first fully automated hot-stamping laser welding production line [13] ESG and Sustainability - Received CC rating in environmental aspect from Huazheng ESG rating [8] - Committed to improving ESG performance and integrating ESG concepts into operations [8][15] - Published 2023 ESG report [15] Strategic Development - Aiming to build a globally competitive modern enterprise with technology, brand, culture, and ambition [6] - Focusing on high-end, intelligent, and green transformation [6] - Established joint innovation research institute with Chery, providing technical support for all Chery platform models [16] Shareholder Relations - Maintained cash dividend payout ratio above 30% of net profit [11] - Proposed 2023 dividend of 2.5 yuan per 10 shares, representing 37% of net profit [11] - Committed to fair information disclosure and protecting small shareholders' rights [10][12]