"Star Market Daily" news on October 29th (Reporter Qiu Siyu) Tonight (October 29th), Laisi Information released its third quarter performance announcement.

The company's revenue in the first three quarters of 2024 was approximately 0.918 billion yuan, a year-on-year decrease of 5.07%; net profit attributable to the mother was approximately 15.58 million yuan, a year-on-year increase of 29.09%; non-net profit loss was 4.4201 million yuan, compared to a profit of 10.8483 million yuan in the same period last year.

In terms of quarterly performance, the company achieved a revenue of 0.2802 billion yuan in the third quarter, a year-on-year decrease of 36.31%; net profit attributable to the mother was approximately 21.0288 million yuan, a year-on-year decrease of 14.56%.

As shown in the above chart, it is not difficult to see that Laisi Information usually has higher net profits in the fourth quarter. In the latest disclosed institutional research summary, the company stated that, due to the unique characteristics of customer project execution and the use of final acceptance method to recognize revenue, the first half of the year mainly invested in project design, development and other stages, with most projects to be accepted in the second half of the year, showing significant seasonality in revenue.

Regarding the decline in revenue and net profit, Laisi Information explained that it was mainly due to the decrease in sales revenue in its urban governance field during the reporting period, leading to a decrease in profit, as well as the higher provision for asset impairment in this period. In the field of urban governance, Laisi Information mainly provides a city integrated command platform with core functions of situational awareness, monitoring and early warning, collaborative application, and command decision-making.

On the same day (October 29th), Laisi Information announced that in the first three quarters of 2024, the company's consolidated financial statements provisioned a total of 37.5526 million yuan for credit impairment losses and asset impairment losses.

It is worth mentioning that the National Social Security Fund One One Eight Portfolio and other new entrants are among the top ten shareholders of Lexin Information. The National Social Security Fund One One Eight Portfolio currently holds 1.116 million shares, accounting for 0.68% of the total share capital.

Lesinfo is a provider of overall solutions for civil command information systems, mainly facing the information needs of industries such as civil aviation air traffic management, urban road traffic management, and urban governance, providing overall solutions and series products of command information systems with command and control technology as the core.

In the field of aviation civil air traffic management, it has independently developed technologies such as multi-source surveillance data processing, precise prediction of flight 4D trajectories, prediction of surface movement conflict, ground-air coordinated control, and low-altitude flight coordination command.

In the air traffic control field, the company has implemented automation projects in Guangzhou, Xi'an, Changsha, and other places, and promoted the acceptance of key projects in Nanning, Lanzhou, Jinan, and other places; in the low-altitude field, Lexin Information is advancing the research and development of the low-altitude "Tianmu" series products, collaborating with more than 20 provinces, municipalities, and regions, and achieving phased results in some areas; in the vehicle-road-cloud aspect, the company is participating in the formulation of national and group standards related to vehicle-road coordination, and participating nationwide in the construction of signal control equipment at more than 0.04 million intersections.

Looking ahead to the trend in the second half of the year, Lexin Information stated that with the advancement of policies on emerging industries, the market may usher in a new round of opportunities, and a number of major projects in various fields are also about to be accepted. Pilot cities for the integrated construction of vehicle-road-cloud are gradually entering the stage of scheme demonstration and project advancement. With the continuous clarification of construction needs in various regions, there may be opportunities for information technology construction.