LONGSHINE(SZ:300682)2022-12-04 06:48Group 1: Financial Performance - In the first three quarters of 2020, Langxin Technology achieved operating revenue of 1.435 billion CNY, a year-on-year increase of 11.78% [4] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was 139 million CNY, a significant year-on-year increase of 986.52% [4] - In Q3 2020, the company reported operating revenue of 577 million CNY, up 17.75% year-on-year, and a net profit of 54.15 million CNY, reflecting a 46.46% increase [4] Group 2: Business Segment Performance - Software service revenue reached 579 million CNY, a year-on-year growth of 90.82%, accounting for approximately 40% of total revenue [5] - Operating service revenue was 526 million CNY, with a year-on-year increase of 58.05%, representing 37% of total revenue [5] - Smart terminal sales revenue declined by 49% to 316 million CNY, making up 22% of total revenue [5] Group 3: Future Outlook and Strategic Initiatives - The software service sector is expected to maintain good growth, driven by increased investment in information technology by the State Grid and accelerated digital transformation in the power industry [6] - Collaboration with Ant Group focuses on digital life services, enhancing user experiences in smart cities and community services [8] - The company aims to build an open platform for industry operations, enhancing both C-end and B-end service capabilities [7]