LONGSHINE(SZ:300682)2022-12-04 06:42Group 1: Company Overview - Langxin Technology Group focuses on industrial internet, utilizing new information technologies to create an "industrial internet application engine" [4] - The company serves various sectors including energy, broadcasting, public services, and urban services through system construction and digital business operations [4] - In the first three quarters, the company achieved revenue of 1.435 billion CNY, a year-on-year increase of 11.78% [4] Group 2: Financial Performance - The net profit attributable to shareholders, excluding non-recurring gains and losses, was 139 million CNY, a year-on-year increase of 986.52% [4] - In Q3 alone, revenue reached 577 million CNY, up 17.75% year-on-year, with a net profit of 54.15 million CNY, reflecting a 46.46% increase [4] - The net profit excluding non-recurring gains and losses for Q3 was 52.40 million CNY, a 54.17% year-on-year growth [4] Group 3: Strategic Development - Since 2013, Langxin Technology has been developing a "B2B2C dual-wheel drive" business model, connecting B-end clients with C-end users [5][6] - The company has transitioned from a single project-based software revenue model to a balanced approach of operational revenue and project-based software revenue, with operational revenue accounting for 37% in the first three quarters [6] Group 4: Business Growth Drivers - The internet operation business, particularly through the life payment platform, has seen over 50% year-on-year growth in revenue [7] - The value-added services from the internet TV platform have experienced over 110% year-on-year growth, driven by paid content offerings [8] - The growth in software business is supported by increased investment in digital transformation and infrastructure by state-owned enterprises [9]