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立昂技术(300603) - 2018年4月24日投资者关系活动记录表(三)
LeonLeon(SZ:300603)2022-12-03 09:54

Financial Performance - In 2017, the company achieved operating revenue of 973.20 million CNY, an increase of 168.26% year-on-year [2] - Operating profit reached 88.81 million CNY, up 151.09% compared to the previous year [2] - Net profit was 80.37 million CNY, reflecting a significant increase from the previous year [2] - In Q1 2018, the company reported operating revenue of 88.05 million CNY, a decrease of 28.32% year-on-year, with a loss of 5.56 million CNY, down 246.56% from the previous year [3] Market Dynamics - The growth in 2017 was primarily driven by the demand in the Xinjiang security market, where the company was a major player [3] - The company has focused on enhancing its marketing system and developing an intelligent operation and maintenance management platform [3] - In 2018, the company expects revenue of 1.3 billion CNY and a profit of 110 million CNY, with ongoing investments in security, smart cities, and logistics networks [5] Strategic Initiatives - The company established a joint venture, Xinjiang Tangli Technology Co., Ltd., with SenseTime, holding 49% of the shares, to provide AI products and integrated solutions [3] - The company is expanding its business into the smart city sector through investments in Xinjiang Chengke Intelligent Technology Co., Ltd. [4] - A strategic agreement was signed with NXP Semiconductors to lay the groundwork for future cooperation [4] Industry Challenges - The overall investment in security in Xinjiang is expected to decline in 2018 compared to 2017, but not significantly [6] - The company faces challenges due to the temporary halt of PPP projects, which primarily affect economic construction rather than security projects [6] - The funding sources for security projects in Xinjiang are approximately 60% from government self-raised funds, 30% from special funds, and 10% from PPP social financing [6] Future Outlook - The company aims to reduce its reliance on Xinjiang and expand its operations outside the province, with significant changes expected in 2019 [7] - The target is to achieve 2 billion CNY in revenue within 3-4 years, focusing on service operations and maintaining stable maintenance project revenues [8] - The company plans to diversify its business model from purely B2B to include B2C operations [8]