According to Securities Star News, on April 23, 2024, Lingxiao Pump Industry (002884) announced that the company would hold a performance briefing on April 22, 2024.
The details are as follows:
Q: Since it is currently a global overcapacity, I hope that your company will work R&D and marketing, and the business thinking can reach a new height.
A: Hello, thank you for your suggestions and attention, the company will strive to strengthen its operation and strive for greater benefits for shareholders.
Q: What is the progress of the company's investment in Shenzhen Senguoke?
Answer: Hello, the company has no relevant information that should be disclosed, thank you for your attention.
Q: Can you introduce the company's photovoltaic roof, and what are the benefits of reducing costs and consumption for the company?
A: Hello, the project is a BIPV building photovoltaic integration project invested by Singapore Power Group, which adopts the grid-connected method of "self-generation and self-consumption, surplus grid", optimizes the use of rooftop housing space, is a green solution to reduce costs and increase efficiency, and enables the company to save part of the electricity cost. Thank you for your interest.
Q: Hello, did the company's performance increase in the first quarter?
A: Hello, the data for the first quarter of 2024 has not yet been disclosed, please pay attention to the company's first quarter report for 2024, which will be disclosed on April 30, 2024. Thank you for your interest.
Q: Hello, in response to the heavy rain incident in Guangdong, will there be a water pump for the procurement company?
Answer: Hello, the company's products can be used for flood control and drainage, and the company's products are sufficient to meet the market demand. Thank you for your interest.
Q: Water pumps are needed wherever water and water circulation are needed, and the use of water pumps is very widespread and widespread. Our surrounding international market is underdeveloped in industrialization, the market prospect is extensive, and our general purpose pumps and stainless steel pumps are of good quality and cost-effective, it should be said that there are huge advantages in entering the market, please set up an office?
Answer: Hello, the company's products are exported to more than 80 countries and regions overseas, directly serving overseas supporting customers and distribution customers, and have not set up offices overseas, thank you for your attention.
Q: Mr. Wang, please set up a new company "Guangdong Shunde Lingheng Electric Co., Ltd." in 2022, what is the positioning of this company?
A: Hello, the company currently has no relevant information that should be disclosed, thank you for your attention.
Question: Mr. Wang, Mr. Liu, you have worked hard! Thank you for managing the company so well! At present, the domestic environment is not good. Think about whether our pump orders have been reduced by US sanctions, and how much has the external environment affected us?
Answer: Hello, the domestic macro economy is gradually recovering, and the downstream market demand is expected to be warm, but the external economic situation is still not optimistic, unfavorable factors still exist, and the development of the external economy is still facing uncertainty. Our company's products are still subject to a 25% tariff imposed by the United States on Chinese industrial products in 2018. Thank you for your interest.
Q: I have a question, Mr. Wang, the company's products seem to be widely used in a large market. But why is there no giant enterprise in the pump industry, such as Lingxiao Pump Industry, which only has a market share of less than 1% and a market value of less than 10 billion. Why is that?
Answer: Hello, the pump industry is a very scattered, very traditional industry, there are many kinds of pumps on the market, the field of subdivision is also very wide, the product professionalism is strong, many enterprises are in their own subdivisions of the field of continuous operation and development, hope in the future in the fierce market competition, enterprises continue to grow and develop. Thank you for your interest.
Q: Hello Mr. Wang, my side is "Bubble Finance", what is the reason for the company's sales gross profit margin to rise in 2023?
Answer: Hello, gross profit margin is mainly affected by raw materials, exchange rates, product structure, production efficiency, etc., RMB depreciation, increase in foreign exchange settlement, high value-added products gross profit will be relatively higher, increase in sales quantity, as well as automation equipment investment, quality improvement, failure rate reduction, overall efficiency improvement and other factors are conducive to the improvement of gross profit margin. Thank you for your interest.
Q: Please see if there is no video yet
A: Hello, the relevant questions have been replied. Thank you for your interest.
Question: Talk about the difficulties and risks in the process of selling abroad, and whether there will be a big room for growth in foreign sales in the future
Answer: Hello, the foreign situation is complex and changeable, the world economic recovery is weak, the growth of external demand is slowing down, and the demand for the company's products in the European and American markets will not increase significantly in 2023. In 2024, the world economy will still have great uncertainty and instability, and the company will actively participate in global professional exhibitions, visit overseas customers, promote the company's products, and expand overseas markets. Thank you for your interest!
Q: It's almost 3:30, why haven't you started yet?
A: Hello, I have replied to the investor's question, thank you for your attention.
Q: Please in the foreign market, has the destocking of the company's products been completed?
Answer: Hello, according to the information provided by foreign customers, the inventory of overseas customers has been gradually depleted, and the orders are also warm, but they are still unstable. Thank you for your interest.
Q: The first quarter of this year has passed, is it as judged in the company's annual report, the country is continuing to improve?
A: Hello, according to the information released by the National Bureau of Statistics, the domestic economic indicators have increased quarter-on-quarter, and the economy has generally shown a positive trend of recovery, but at the same time, it is also facing many difficulties and challenges. Thank you for your interest.
Q: At present, what is the market prospect of the products on the water and fertilizer integrated machine produced by the company?
Answer: Hello, the water and fertilizer integrated machine is widely used in the field of modern agriculture, and all crops need water and fertilizer management. As a supporting part of the water and fertilizer integrated machine, the application of the water and fertilizer integrated machine is also conducive to the sales of our water pumps. Thank you for your interest.
Q: Will your company's pump products sold in Europe and the United States encounter anti-dumping measures in the future?
A: Hello, the company has not encountered this situation. Thank you for your interest.
Q: Does Mr. Wang have any new product development and launch this year?
Answer: Hello, in the future, the company will continue to invest in research and development, develop marketable products, improve the company's product chain, provide customers with more and more comprehensive product choices, and the company's products will develop in the direction of high efficiency, energy saving and intelligence. Thank you for your interest.
Q: Hello leader, I am from Sichuan University to decide whether the company's pump products can be used in humanoid robots?
Answer: Hello, the company's water pump is not currently applied to humanoid robots, but it can meet the needs in pressurization and circulation application scenarios. The company's main products are bathtub pumps, SP pumps, swimming pool pumps, stainless steel vertical and horizontal pumps, clean water pumps, submersible pumps, pipeline pumps, etc., which are mainly used in water sports and sanitary ware, machine tools, dishwashers, air energy, solar energy, chillers, air conditioners and other equipment, frequency conversion water supply, aquaculture, animal husbandry, HVAC industry, rural and urban drinking water safety engineering, sewage treatment, flood drainage and flood control, commercial facilities, household pressurization and other fields, the company will also develop marketable products according to market demand. Thank you for your interest.
Q: Welcome Mr. Wang and welcome Mr. Liu
A: Hello, thank you for your attention.
Q: Why can't I get in the live stream?
Answer: Hello, the company's performance briefing was held in the form of online text communication. Thank you for your interest.
First of all, thank you for your great hard work and efforts for the prosperity and development of the enterprise! Thank you! We investors are more concerned about the development of the enterprise, after the annual report came out, we observed an indicator that is a bit special, that is, the operating cash flow decreased by about 33% compared with the previous year, from more than 500 million to more than 300 million. Net profit has dropped from 200 million to 800 million, and the percentage of decline is only a few percent, why has the operating cash flow dropped so much? Can you tell us the reason here?
Answer: Hello, the operating cash flow in 2023 will be 417 million yuan, and the net profit will be 384 million yuan, and the operating cash flow in 2022 will be 629 million yuan, and the net profit will be 422 million yuan.
Question: The 300 million-level economic cycle led by the Yankees is coming to an end, and it is beginning to enter the 1.4 billion-level world economic cycle.
Answer: Hello, the company will strengthen the company's operation, improve the company's research and development, adaptive design, quality control, cost control, on-time delivery and other comprehensive capabilities, actively participate in market competition, meet challenges, seize opportunities, expand the market. Thank you for your interest.
Q: What are the main regions of the company's current overseas business, what is the current market share in the main markets, and what is the main direction of new product research and development layout?
Answer: Hello, the company's current overseas markets are mainly in the European and American markets, the European and American markets account for 6, 7 percent of the company's export business, product research and development direction is mainly efficient, energy-saving, intelligent, and marketable, competitive in the market. Thank you for your interest.
The main business of Lingxiao Pump Industry (002884): R&D, design, production and sales of civil centrifugal pumps.
According to the 2023 annual report of Lingxiao Pump Industry, the company's main revenue was 1.316 billion yuan, down 11.32% year-on-year, net profit attributable to the parent company was 384 million yuan, down 9.06% year-on-year, and non-net profit was 374 million yuan, down 8.31% year-on-year, of which in the fourth quarter of 2023, the company's single-quarter main revenue was 371 million yuan, up 27.96% year-on-year, and net profit attributable to the parent company was 104 million yuan, up 19.23% year-on-year; The non-net profit deducted in a single quarter was 101 million yuan, an increase of 20.87% year-on-year, the debt ratio was 6.19%, the investment income was 633,500 yuan, the financial expenses were -39.4783 million yuan, and the gross profit margin was 37.91%.
A total of 2 institutions have rated the stock with a buy rating and 2 have given it a buy rating over the last 90 days, with an average institutional price target of 21.88 over the last 90 days.
Here's the detailed earnings forecast information:
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