Longxin Technology: Investigated our company on April 18

On April 19, 2022, Longxin Technology (300682) issued an announcement that it would investigate our company on April 18, 2022.

The main contents of this survey are:

Q: Hello Mr. Zheng, the development of the company's new electric way is very rapid, as a small shareholder of the company, there are several questions to consult about 1.The company's recent research information shows that at the end of the first quarter of this year, the cumulative charging volume was 3.3 degrees of electricity, an increase of 7 times year-on-year, and the development was very rapid, but compared with the fourth quarter of last year, the growth rate was not high, the specific reason was in which 2. What is the main business model of the new electric way in the future, and the revenue mainly depends on the charging share? As if this piece is not divided high. According to the company, this piece is still losing money, so what scale can be achieved to form a stable income? Before seeing the new electric road on the promotion of GAC's car, how did it withdraw later?

A: Hello, 1, as of the end of the first quarter of 2022, the "New Electric Way" aggregate charging platform charging pile coverage of nearly 400,000, nearly 3 million registered users, Q1 users increased by more than 200% year-on-year, platform aggregate charging capacity of more than 330 million degrees, an increase of about 7 times over the same period last year, platform transaction GMV achieved rapid growth, for the next step of energy operation services continue to consolidate the business foundation. In the first quarter of 2022, under the circumstances of both the Spring Festival holiday and the control of the epidemic situation across the country, the "new electric way" aggregate charging business still maintained rapid development. 2. In the future, Longxin will strategically focus on the "new electric way" aggregate charging platform and service business. The company will continue to cooperate with Alipay, AutoNavi map and other partners to obtain customer traffic for new car owners by providing aggregated data interfaces and charging rights products for new energy vehicle manufacturers including Ideal and Guangqi Honda, so as to provide new energy car owners with a charging experience of "how fast and good to save" to achieve rapid user growth and membership development; at the same time, the company will strengthen in-depth cooperation with charging operators, accelerate the interconnection of charging piles, deeply carry out urban charging station operations, and enhance the value of partners. On the basis of the continuous development of charging services, the company will explore the connection of distributed photovoltaics, market-oriented electricity sales, user-side energy storage and aggregate charging platforms, realize the new model of energy operation services such as optical storage and charging integrated field stations, charging + electricity sales, and build the new electric circuit into an aggregate charging service platform with the most customer and commercial value. The cooperation between "New ElectricWay" and Guangqi Honda is continuing, and the relevant marketing work will be arranged in stages. Thank you for your attention!

Q: Hello Mr. Zheng, what is the relationship between the company and Alipay, what is the return of the new electric way to Alipay, and what is the return of Alipay to the new electric way?

A: Hello! Alipay is the company's strategic partner, but also the company's shareholders, "new electric way" aggregation charging platform and Alipay and other mature Internet life service portal cooperation, not only convenient for users, but also through the charging services and living payment, car owner services, ant forest and other life services of the scene to enhance the user experience, thereby promoting the convergence charging platform and Internet entrance traffic synchronous growth, the formation of platforms, entrances, brand merchants and other win-win partnership. Thank you!

Q: Hello Mr. Wang, in previous years, the company will disclose a quarterly report forecast around April 10, but this year it has not been disclosed, what is the reason, the company's stock has continued to fall recently, we who hold on to it really want to see a little positive information about the company. But contrary to previous years, it is inevitable that I will think about other things. The company and investors interact with this piece, and also hope that Mr. Wang will work harder.

A: Hello! Since the beginning of this year, the company's various businesses have progressed smoothly, we have also disclosed the progress of the "new electric way" aggregation charging and other platform business, in order to allow investors to have a more comprehensive understanding of the company's various operations, the company's first quarterly report appointment disclosure date this year is earlier than in previous years, so there is no plan to arrange a preview, the company's quarterly report announcement will be hung on the net next Monday night, welcome investors to pay attention, but also very grateful for your questions and suggestions!

Q: How many shareholders are there as of April 15? Thank you

A: Hello! According to the latest periodic holder register issued by China Securities Depository and Clearing Co., Ltd., as of April 8, 2022, the total number of shareholders of the company was 12,082. Thank you for your interest!

Q: Hello, please introduce the company's future development strategy and new performance growth points

A: Hello, Longxin Technology is a leading technology enterprise in the energy industry, which has been serving the field of power and energy consumption, focusing on the two-wheel drive development strategy of "energy digitalization + energy Internet" with the business model of B2B2C. On the one hand, the company is deeply involved in the energy industry, through complete solutions, to help customers such as the State Grid, China Southern Power Grid, Gas Group, photovoltaic power plants and other customers to achieve digital upgrading, precipitate middle office capabilities and platform products, and help the market-oriented development of new power system construction and the innovation and upgrading of services; on the other hand, the company deeply carries out energy demand side operation services through the construction of its own energy Internet service platform, and works with strategic partners to enter through Alipay, UnionPay, And City Super APP. Provide end users with a variety of new energy service scenarios, including home energy consumption, electric vehicle charging, energy efficiency management and other services, and promote the electrification and scenario of terminal energy consumption. In the future, the company will continue to deepen the two-wheel drive development strategy of the energy industry, support the sustainable development of energy digital business and the efficient operation of the energy Internet service platform by building a stronger and more flexible middle office capability, and empower the rapid development of new energy services and operation scenarios such as "new electric way" aggregation charging in terms of platform data opening and marketing capability support. Thank you!

Q: What is the company's plan for the future development of the new electric circuit of the aggregation charging platform? What are the results so far? Can there be synergy with other businesses?

A: Hello! Longxin will strategically focus on the "new electric way" aggregate charging platform and service business, relying on the company's own in-depth KnowHow for the marketization and digital service of power business, and increase related investment. The company will continue to cooperate with Partners such as Alipay and AutoNavi Map to obtain customer traffic for new car owners by providing aggregate data interfaces and charging rights products for new energy vehicle manufacturers, and provide a charging experience of "how fast and good to save" for new energy car owners through new energy car owner user portraits, charging field station portraits and supply and demand matching intelligent recommendation algorithms to achieve rapid user growth and member development; at the same time, the company will strengthen in-depth cooperation with charging operators to accelerate the interconnection of charging piles. On this basis, the company will explore the connection of distributed photovoltaic, market-oriented electricity sales, user-side energy storage and aggregate charging platforms, realize the new model of energy operation services such as optical storage and charging integrated field stations, charging + electricity sales, etc., and build the new electric circuit into an aggregate charging service platform with the most customer and commercial value. At present, the company's aggregate charging services have completed the platform of the head operators such as The National Grid, China Southern Power Grid, Telai, Star Charging, Cloud Fast Charging, etc. By the end of 2021, the platform has accumulated more than 400 charging operators, the number of charging piles in operation exceeds 320,000, the number of service new energy charging vehicle owners exceeds 2.1 million, and the aggregate charging volume in 2021 is nearly 560 million degrees, which is nearly 8 times the charging volume in 2020, and the revenue of the aggregate charging business has achieved rapid growth. The revenue model has also been expanded from service fee sharing to service fee + pre-purchased electricity model. Thank you!

Q: When will the company's profit distribution plan be implemented?

A: Hello! The company's 2021 annual profit distribution plan has been deliberated by the annual general meeting of shareholders, and the company will start the annual equity distribution procedure in the near future, please pay attention to the relevant announcements issued by the company in the future. Thank you!

Q: What is the current development progress of the company's State Grid 2.0 marketing system? Is there a target for this year?

A: Hello! The State Grid Marketing 2.0 system is still in the pilot project stage, and it is expected to start promotion work in the second half of the year. Thank you!

The main business of Longxin Technology: The company is a technology and service provider focusing on business information systems in the field of public utilities.

According to the 2021 annual report of Longxin Technology, the company's main revenue was 4.639 billion yuan, up 36.98% year-on-year; the net profit attributable to the mother was 847 million yuan, up 19.77% year-on-year; the deduction of non-net profit was 723 million yuan, up 23.83% year-on-year; among them, in the fourth quarter of 2021, the company's single-quarter main revenue was 2.458 billion yuan, up 25.91% year-on-year; the single-quarter net profit attributable to the mother was 662 million yuan, up 15.9% year-on-year. In a single quarter, the non-net profit was 571 million yuan, up 28.57% year-on-year; the debt ratio was 26.26%, the investment income was 26.3646 million yuan, the financial expense was -7.3582 million yuan, and the gross profit margin was 43.42%.

A total of 14 institutions have given ratings, 13 buy ratings and 1 overweight rating in the last 90 days; the average target price of institutions in the past 90 days has been 37.65.

Here is detailed profit forecast information:

The Securities Star Valuation Analysis Tool shows that Longxin Technology (300682) has a good company rating of 3 stars, a good price rating of 2.5 stars, and a comprehensive valuation rating of 3 stars. (Rating Range: 1 ~ 5 stars, maximum 5 stars)

The above content is compiled by Securities Star based on public information, if you have any questions, please contact us.