Black technology: a super empire spanning two worlds

Chapter 388 [The Profit King is Born, Reaching the World's Top]

Although the graphene business segment is gradually decreasing as a percentage of the company's revenue, this does not mean that the absolute revenue from this business is decreasing.

In fact, the graphene business continues to grow at an annual rate of doubling, because the high growth of graphene materials has not ended, the market is far from saturated, let alone overcapacity.

This business has been exclusively monopolized by Lingjing Technology to this day. Other manufacturers may be envious, but they can't get involved because they can't handle the technology and can only watch helplessly.

Currently, the company with the best chance of breaking Lingjing Technology's monopoly is Peter Vitas's Cyera-AI. A few years ago, it made a high-profile announcement of a major technological breakthrough in the field of graphene materials, but the world would never have dreamed that this was just a scheme by Xiao Yu.

Moreover, Xiao Yu genuinely wanted to use his double Peter Vitas's Cyera-AI company to acquire some second-rate graphene materials in order to accelerate the development of Earth's technology and catch up with the Blue Star world as soon as possible.

But Nice Magnesium West is now truly hopeless. Its internal industry is hollowed out, and Cyera-AI can't even build a factory. The industrial chain is simply incomplete.

So far, Cyera-AI's work on graphene material production remains at the PowerPoint level, and Xiao Yu is too lazy to bother with it anymore, so he's just leaving it at that.

Putting the materials aside, Xiao Yu looked up at Yun Shu and said, "Let's release the annual report over the weekend. We'll still distribute the dividends in the second half of the year, as usual."

Yun Shu nodded: "Okay, I'll go prepare for the board meeting and go through the procedures."

……

weekend.

On the morning of that day, Lingjing Technology released its 2024 financial report, showing that the company's annual revenue was 21467.97 billion yuan, an increase of 144.92% year-on-year; and its annual net profit was 8750.55 billion yuan, an increase of 207.61% year-on-year.

This company's performance, as always, commands the utmost respect from investors across the market.

It has maintained a high growth rate of more than double for four consecutive years, and there is still no sign of it slowing down. It is unparalleled in the world.

This annual report is undoubtedly another strong one that exceeded expectations, and the most unexpected aspect this time is the company's net profit margin, which exceeded 40% for the whole year, while it was usually around 30% in previous years.

The significant surge in net profit margin indicates that the company's earning power has become stronger. This is mainly due to the contribution of the Liuguang Xingyu simulation robot, which is making money almost effortlessly, with most of the revenue coming in as pure profit, thus naturally resulting in a high net profit margin.

Lingjing Technology's annual report immediately became a trending topic upon its release.

This time, it has once again achieved a historic and important record, becoming not only the most profitable listed company in the A-share market, but also surpassing Apple and Sattermeyer to become the most profitable listed company in the world.

During the same period, Apple's annual net profit was $937.36 billion, while Lingjing Technology's annual net profit was 8765.13 billion yuan, equivalent to approximately $1214.25 billion, making it the world's most profitable listed company.

It's worth noting that in 2024, Apple's profit ranking was not behind Lingjing Technology, but third.

Following Lingjing Technology is the giant Sat Amag Oil Company, with revenue of $4948.9 billion and net profit of $1206.99 billion in 2024.

Despite a 18% drop in revenue due to oil price volatility, SATMA still boasts exceptionally high net profits, second only to Mirror Technology, with a difference of only a few hundred million dollars. Its profitability is supported by low-cost oil production and global energy demand.

However, Lingjing Technology still secured the title of the world's number one in profitability. This marks the second time the company has achieved the world's number one position in profitability, following its rise to the top in global market capitalization. Various media outlets have been reporting on this achievement.
[A-Share Profit King Emerges! Lingjing Technology's Net Profit Surpasses Sat Ame for the First Time, Becoming the Global Leader] — Caixin.com

[With revenue of 21467 trillion yuan and net profit of 8765 billion yuan, Lingjing Technology is setting a new standard for the global competitiveness of Chinese enterprises through technological innovation] — Yangguang.com

[Lingjing Technology Sets Global Profit Record: New Productivity Drives High-Quality Economic Development in my country] — Science and Technology Daily

[Lingjing Technology Tops Net Profit Charts as Both Market Capitalization and Profitability Leader, Reshaping the Global Business Landscape as an A-Share Technology Giant] — Securities Times

[With a profit of $1214.25 billion, Lingjing Technology surpasses Saudi Aramco to become the world's most profitable company, topping the profit charts for the first time among A-share listed companies] — NetEase News [From follower to leader: How Lingjing Technology rewrote the global technology profit landscape in ten years] — CBN

[Behind Lingjing Technology's Top Net Profit Ranking: A Qualitative Shift in my country's Technology Enterprises from Business Model Innovation to Technology Leadership] — Xinhua.com

It must be said that domestic media and the general public are very concerned about breakthroughs at certain special moments. For example, the box office performance of "Ne Zha 2" recently topped the global animated film box office chart, which was widely reported by various media outlets.

A few years ago, when Lingjing Technology's market value reached the top of the world, it was also widely reported by the media.

This achievement of ranking first among listed companies in terms of profitability has also attracted widespread media attention and extensive coverage, including from numerous mainstream newspapers.

However, it is indeed very impressive. Lingjing Technology's net profit of 8765.13 billion yuan in 2024 is equivalent to earning more than 24 billion yuan every day.

Most importantly, this 24 billion is not operating revenue, but net profit, which is quite outrageous.

The company's revenue in 2024 was RMB 21467.97 billion, equivalent to approximately USD 3347.36 billion, which rose to 12th place in the Fortune Global 500, second only to ExxonMobil, the US energy giant, with USD 3445.82 billion.

The Fortune Global 500 ranking is based on revenue, not profit.

This further illustrates the high technology and high added value of Lingjing Technology, which generated more than $1200 billion in net profit with an annual revenue of $3347 billion.

It's worth noting that Walmart, as the world's largest retailer, has topped the Fortune Global 500 list for eleven consecutive years. In 2024, its annual revenue reached $6481.25 billion, equivalent to 4.67 trillion RMB, but its net profit was $155.11 billion, or 112 billion RMB.

In comparison, Lingjing Technology's revenue is about half that of Walmart, but its net profit is seven or eight times that of Walmart.

Lingjing Technology's latest closing price is 520.08 yuan, with a market capitalization of 45.14 trillion yuan. Before the annual report was released, the corresponding static price-to-earnings ratio was 158.69 times, which means that the valuation bubble is very large.

However, at the same time, Lingjing Technology's rapid value growth curve filled the huge bubble that had been inflated.

After the annual report was released, the company's static price-to-earnings ratio plummeted to 51.50 times, filling the gap of 107 times.

……

The following day, Monday, January 17.

As the A-share market opened, Lingjing Technology opened 3 percentage points higher in the morning session, driven by news of its annual report. However, it subsequently pulled back after the opening. Some short-term funds felt that the opening was not as high as expected and cashed out immediately.

However, after Lingjing Technology filled the intraday gap, it stopped falling and rebounded, and then it continued to rise steadily. All the funds that were sold off in the morning missed their chance, and many people who realized their mistake bought back in.

Around 14:39 PM, Lingjing Technology's stock price rose to 624.10 yuan, a 20.00% increase, hitting the daily limit.

With its current large market capitalization, Lingjing Technology's 20cm limit-up price increase directly adds a massive 9 trillion yuan to the company's market value, bringing its total market capitalization back to the 50 trillion yuan mark, specifically 541718.80 billion yuan.

The following Tuesday, Lingjing Technology's stock price surged again after hitting the daily limit. Today, it broke through the previous "leopard top" price level of 666.66 yuan and set a new historical high, with the highest price reaching 673.37 yuan during the day.

The stock ultimately closed up 7.22% at 669.18 yuan, with a total market capitalization of 58.08 trillion yuan.

……

(End of this chapter)