Lianlong (300596): Performance is in line with expectations, the light stabilizer industry is at the bottom of the recovery, and the volume of lubricant additives continues to be released
Investment highlights: Company announcement: The company released its report for the first quarter of 2024. During the reporting period, the company achieved revenue of 1,354 billion yuan (YoY +14.17%, QoQ -4.71%) and net profit to mother of 107 million yuan (Y
Lianlong (300596): Q1 performance improved month-on-month, and the fundamental inflection point is now
Incident description The company released its 2024 quarterly report. Q1 achieved revenue of 1.35 billion yuan (+14.2% YoY, -4.7% YoY) and net profit of 110 million yuan (YoY +29.2%, +34.7% month-on-month)
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Lianlong (300596) 2024 Quarterly Report Review: Continued improvement in Q1 profits, optimistic about the recovery of main business and the release of new production capacity
Event: On April 26, 2024, Lianlong released its report for the first quarter of 2024: In the Q1 quarter of 2024, the company achieved revenue of 1,354 billion yuan, +14.2% year-on-year, and -4.7 month-on-month
Lianlong (300596): Profit Improvement and Diversified Layout Boosting Continued Growth
Key investment events: Lianlong released its 2023 annual report and 2024 quarterly report. In 2023, it achieved revenue of 5.278 billion yuan, an increase of 9.00% over the previous year; net profit to mother was 362 million yuan, a year-on-year decrease of 31.0 million yuan
Lianlong (300596) 2024 Quarterly Report Review: 24Q1 profit increased month-on-month and continued to monitor the progress of new production capacity and new product implementation
Event: The company released its 2024 quarterly report. 2024Q1, the company achieved revenue of 1,354 billion yuan in a single quarter, an increase of 14.17% year on year and a decrease of 4.71% month on month; realized net profit to mother of 107 million yuan, year over year
Lianlong (300596) Comment: The performance is basically in line with expectations, the anti-aging boom continues to increase market share, and the market share of lubricant additives is about to be launched
Company announcement: The company released its 2023 annual report. During the reporting period, it achieved operating income of 5.278 billion yuan (YoY +9.0%), net profit attributable to mother of 362 million yuan (YoY -31.05%), and net profit not attributable to mother 3.
China Galaxy released a research report on April 28 stating that it gave Lianlong (300596.SZ) a recommended rating. The main reasons for the rating include: 1) the market share of production capacity expansion is increasing, and the leading position of an
China Galaxy released a research report on April 28 stating that it gave Lianlong (300596.SZ) a recommended rating. The main reasons for the rating include: 1) the market share of production capacity expansion is increasing, and the leading position of anti-aging agents continues to be consolidated; 2) domestic replacement space for lubricant additives is vast, awaiting the gradual expansion of Kangtai Phase II; 3) exploring the emerging blue ocean of life science and writing a development blueprint; 4) indirect merger and acquisition of Korea's IPI to lay out a new field of electronic-grade PI. (Mainichi Keizai Shimbun)
Lianlong (300596): Q1 performance continues to improve, and the new sector is becoming more mature
Achieving net profit of 107 million yuan in 24Q1, maintaining the “increase in holdings” rating, Lianlong released its quarterly report for the year 24 on April 26, and achieved revenue of 1,354 billion yuan in 24Q1, yoy +14.2%.
Guojin Securities released a research report on April 28 stating that it gave Lianlong (300596.SZ) an increase in holdings rating. The main reasons for the rating include: 1) the overall anti-aging agent business remains stable; 2) the company's product p
Guojin Securities released a research report on April 28 stating that it gave Lianlong (300596.SZ) an increase in holdings rating. The main reasons for the rating include: 1) the overall anti-aging agent business remains stable; 2) the company's product prices will show an upward trend in 2024. (Mainichi Keizai Shimbun)
Lianlong (300596): Emerging business boosts the company to embark on a new journey
Incident: The company released its 2023 annual report and 2024 quarterly report. The full year of 2023 achieved revenue of 5.278 billion yuan, an increase of 9% over the previous year, and net profit to mother of 362 million yuan, a year-on-year decrease of 31.05%. 20
Lianlong (300596): First-quarter results slightly exceeded expectations, profit levels continued to recover
Report guide: The company's first-quarter results slightly exceeded expectations, and gross profit margin and net margin levels continued to recover month-on-month. With the further release of anti-aging additives and lubricant additives, profit levels are expected to increase further. Investment Essentials: Maintaining “Increased Wealth”
Lianlong (300596): Q1 performance rebounded year on year, diversified layout unleashed growth momentum
Incident The company released its report for the first quarter of 2024. In the first quarter, it achieved operating income of 1,354 billion yuan, an increase of 14.17% year on year and a decrease of 4.71% month on month; net profit to mother was 107 million yuan, an increase of 29 million yuan over the previous year.
Lianlong (300596) Company Information Update Report: Performance is in line with expectations, profitability continues, restoration is optimistic that dosage prices for anti-aging additives and lubricants will rise
Performance was in line with expectations. Profitability recovered month-on-month. Optimistic about the recovery in dosage prices for anti-aging agents and lubricants, the company released the 2024 quarterly report, achieving revenue of 1,354 billion yuan, +14.17% year over year and -4.71% month-on-month; return to mother
Lianlong (300596): Year-on-year growth in performance, business reached an upward inflection point
Performance Overview On April 27, the company released its quarterly report for the first quarter of 2023. The company achieved operating income of 1,354 billion yuan in the first quarter of 2023, +14.17% over the same period last year, and realized net profit of 107 million yuan to mother.
Lianlong (300596.SZ) announced first-quarter results, net profit of 107 million yuan, an increase of 29.19%
Lianlong (300596.SZ) released its report for the first quarter of 2024. The company's revenue was 13.54...
Lianlong (300596): 2023 performance is under pressure, diversified platform development guarantees growth
The incident described that the company released its 2023 annual report, achieved annual revenue of 5.28 billion yuan (+9.0% year over year), realized net profit of 360 million yuan (-31.0% year over year), and realized non-net profit of 340 million yuan in attributable deduction
Guohai Securities released a research report on April 21 stating that it gave Lianlong (300596.SZ) a purchase rating. The main reasons for the rating include: 1) increased competition for anti-aging additives and low lubricant additive load, which dragged
Guohai Securities released a research report on April 21 stating that it gave Lianlong (300596.SZ) a purchase rating. The main reasons for the rating include: 1) increased competition for anti-aging additives and low lubricant additive load, which dragged down 2023 performance; 2) gross margin improved markedly in 2023Q4, showing an inflection point in operation; 3) the gradual release of new production capacity and diversified layout to cultivate future growth points. (Mainichi Keizai Shimbun)
Lianlong (300596): Short-term performance is under pressure, and new and old momentum are expected to gain strength simultaneously in the future
Guide to this report: The 2023 Annual Report is in line with market expectations. The company's main products were affected by increased competition in the industry, and profit levels declined in the short term, but the company's market share increased markedly while the new track accelerated development. Investment Essentials: Maintaining “Increased Wealth”
Lianlong (300596): 23-year performance under short-term pressure, increased contributions to new products+steady progress of new projects
Core view Lianlong achieved revenue of 5.278 billion yuan in 2023, up 9.00% year on year; achieved net profit of 362 million yuan, down 31.05% year on year; achieved net profit of 344 million yuan after deduction, same
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