Group 1 - The company Longqi Technology experienced a significant surge in stock price, reaching the daily limit increase [1] - The trading volume for Longqi Technology was reported at 156,100 lots [1]

Core Viewpoint - Longqi Technology (603341.SH) has announced a share buyback program, indicating a commitment to enhancing shareholder value through capital management strategies [1] Group 1: Share Buyback Details - As of December 31, 2025, the company has repurchased a total of 7,499,900 shares [1] - The repurchased shares account for 1.59% of the company's total share capital [1] - The highest price paid for the repurchased shares was 42.49 CNY per share, while the lowest price was 37.55 CNY per share [1] - The total amount spent on the buyback, excluding transaction fees, is approximately 299.82 million CNY [1]

Core Viewpoint - Longqi Technology (603341.SH) has announced a share buyback program, indicating a commitment to enhancing shareholder value through capital return strategies [1] Group 1: Share Buyback Details - As of December 31, 2025, the company has repurchased a total of 7.4999 million shares [1] - The repurchased shares account for 1.59% of the company's total share capital [1] - The highest price paid for the repurchased shares was 42.49 yuan per share, while the lowest price was 37.55 yuan per share [1] - The total amount spent on the buyback, excluding transaction fees, is approximately 299.82 million yuan [1]

证券代码：603341 证券简称：龙旗科技 公告编号：2026-005 上海龙旗科技股份有限公司 关于以集中竞价交易方式回购股份的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2025/4/9 | | | | | | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 月 日 2025 4 7 | 4 | 8 日~2026 | 年 | 月 | | 预计回购金额 | 2.5亿元~5亿元 | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | | | | | □用于转换公司可转债 | | | | | | | □为维护公司价值及股东权益 | | | | | | 累计已回购股数 | 7,499,937股 | | | | | | 累计已回购股数占总股本比例 | 1.59% | | | | | | 累计已回购金额 | 299,819,751.05元 | | | | | | 实际回购价格区间 | ...

Core Viewpoint - Longqi Technology, a leading ODM giant, is rapidly pursuing a secondary listing in Hong Kong less than a year after its A-share debut, reflecting contrasting performance metrics with significant revenue but weak profitability [1][4]. Group 1: Company Overview - Longqi Technology, established in 2004, is a global leader in smart product solutions, providing design, manufacturing, and support for renowned tech brands [1]. - The company has developed a comprehensive smart product ecosystem, focusing on smartphones, personal computing, and automotive electronics, with a diverse product range including tablets, wearables, and smart glasses [2]. Group 2: Financial Performance - Revenue figures for Longqi Technology from 2022 to 2024 show a significant increase, with revenues of 293.43 billion, 271.85 billion, and 463.82 billion respectively, marking a 70.62% year-on-year growth in 2024 [3]. - Despite high revenue, the company faces challenges with profitability, recording net profits of 5.62 billion, 6.03 billion, 4.93 billion, and 5.14 billion from 2022 to the first three quarters of 2025, with fluctuating profit margins [4]. Group 3: Market Position - Longqi Technology is the second-largest consumer electronics ODM manufacturer globally, holding a 22.4% market share, and the largest smartphone ODM manufacturer with a 32.6% market share as of 2024 [2]. - The company serves a prestigious client base, including Xiaomi, Samsung, Lenovo, and OPPO, enhancing its market presence [2]. Group 4: Strategic Initiatives - In response to sluggish growth in its core smartphone business, Longqi Technology is focusing on emerging sectors such as AIoT and automotive electronics, aiming to leverage its ODM leadership to capture high-growth opportunities [5][7]. - The company has initiated projects in AI glasses and automotive electronics, partnering with leading clients and achieving significant production milestones [7]. Group 5: Industry Trends - The consumer electronics industry has faced a downturn from 2021 to 2023 due to inflation and geopolitical tensions, but is expected to recover in 2024 driven by technological innovation and demand for AI-integrated products [6]. - The market for smart glasses is projected to grow significantly, with global shipments expected to rise from 9.6 million units in 2024 to 62.3 million units by 2029, indicating a compound annual growth rate of 45.4% [6].

Core Viewpoint - Longqi Technology, a leading ODM giant, is rapidly pursuing a secondary listing in Hong Kong less than a year after its A-share debut, driven by contrasting performance metrics and a strategic shift towards emerging businesses like AI glasses and automotive electronics [1][2]. Group 1: Company Overview - Longqi Technology, established in 2004, is a global leader in smart products and services, providing solutions for renowned smart product brands and tech companies [2]. - The company has developed a comprehensive smart product ecosystem, focusing on smartphones, personal computing, and automotive electronics, with a diverse product range including tablets, wearables, and TWS headphones [2]. - Longqi Technology is the second-largest consumer electronics ODM manufacturer globally, holding a 22.4% market share, and the largest smartphone ODM manufacturer with a 32.6% market share as of 2024 [2]. Group 2: Financial Performance - The company's revenue figures from 2022 to 2024 show a significant increase, with revenues of 293.43 billion, 271.85 billion, and 463.82 billion respectively, marking a 70.62% year-on-year growth in 2024 [3]. - Despite the revenue growth, the company experienced a decline in revenue in the first three quarters of 2025, totaling 313.32 billion, a 10.3% year-on-year decrease, attributed to weak global demand and insufficient support from emerging businesses [3][4]. - Longqi Technology's net profit from 2022 to the first three quarters of 2025 has shown volatility, with figures of 5.62 billion, 6.03 billion, 4.93 billion, and 5.14 billion respectively, alongside low gross margins of 8.1%, 9.5%, 5.8%, and 8.3% during the same period [4]. Group 3: Strategic Focus and Market Trends - The company is focusing on emerging businesses such as AIoT and automotive electronics to counteract the stagnation in its core smartphone business [5][6]. - AI glasses are identified as a key growth area, with ODM shipments exceeding 2 million units in 2024, and partnerships with leading domestic internet clients for mass production projects [6][7]. - The automotive electronics sector also shows promise, with collaborations established with major clients like Xiaomi and NIO, resulting in over ten designated projects and successful product deliveries [7]. Group 4: Challenges and Future Outlook - Longqi Technology's transition towards new business areas is marked by uncertainty, as the scale of AI PC and automotive electronics remains small and faces intense market competition [7]. - The company's dual listing strategy highlights the challenges of achieving growth in a large but low-margin ODM industry, with future performance dependent on the successful scaling of AIoT and AI PC businesses [7].

Group 1 - MiniMax has officially launched its IPO in Hong Kong, with a total of 25.39 million shares to be issued at a price range of HKD 151 to HKD 165 per share, aiming to raise funds for AI model and product development [1] - MiniMax is recognized as one of the "top four global full-modal companies," with a user base exceeding 200 million, covering both B2C and B2B AI native products [1] Group 2 - Rebio Biotech has initiated its IPO in Hong Kong, planning to issue 27.49 million H-shares at a price of HKD 57.97 per share, with 10% allocated for Hong Kong and 90% for international sales [2] - The company focuses on small nucleic acid drug research, particularly in siRNA therapies, with its core product RBD4059 aimed at treating thrombotic diseases [2] Group 3 - BlueFocus Communication Group has submitted its second listing application to the Hong Kong Stock Exchange, with a focus on providing technology-driven marketing services across various industries [3] - The company aims to leverage its position as a leading marketing firm in China to enhance its global and AI-native business through the upcoming IPO [3] Group 4 - Longqi Technology has passed the listing hearing at the Hong Kong Stock Exchange, being recognized as a leading provider of smart products and services, with significant market shares in both consumer electronics and smartphone ODM sectors [4] - The company holds a 22.4% market share in the global consumer electronics ODM market and a 32.6% share in the smartphone ODM market, indicating its strong industry position [4]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 上海龙旗科技股份有限公司 第四届董事会第十三次会议决议公告 上海龙旗科技股份有限公司（以下简称"公司"）第四届董事会第十三次会 议于2025年12月31日以现场加通讯表决方式召开。本次会议通知已于2025年12 月26日以电子邮件方式发出。会议由董事长杜军红先生主持，会议应到董事7人， 实到董事7人，公司高级管理人员列席会议。本次会议的召集、召开符合有关法 律、行政法规、部门规章、规范性文件和《上海龙旗科技股份有限公司章程》的 规定，表决形成的决议合法、有效。 二、董事会会议审议情况 （一）审议通过《关于确定公司 H 股全球发售（包括香港公开发售及国际 发售）及在香港联合交易所有限公司主板上市相关事宜的议案》 董事会同意关于公司 H 股全球发售（包括香港公开发售及国际发售）及在 香港联合交易所有限公司主板上市事宜的相关安排，包括但不限于：批准刊发、 签署符合相关法律法规要求的招股说明书及其他相关文件，批准处理 H 股发行 程序及相关事项，授权相关人士按相关 ...

Core Viewpoint - Shanghai Longqi Technology Co., Ltd. has announced the approval of its H-share global offering and listing on the Hong Kong Stock Exchange, marking a significant step in the company's internationalization strategy [1] Group 1: H-share Global Offering - The board of directors unanimously approved the proposal for H-share global offering, including public and international offerings in Hong Kong, and the listing on the main board of the Hong Kong Stock Exchange [1] - The proposal received 7 votes in favor, with no votes against or abstentions, allowing for a swift progression of the H-share issuance process without needing further shareholder approval [1] Group 2: Governance Structure Revision - The board also approved amendments to the company's articles of association and meeting rules to align with governance requirements post-H-share listing, ensuring compliance with Hong Kong Stock Exchange listing rules and international capital market governance standards [2] - The revised articles and rules will take effect after the H-share listing, with details disclosed in a special announcement on the Shanghai Stock Exchange [2] Group 3: International Expansion - The H-share listing is a crucial initiative for Longqi Technology to expand its international financing channels and enhance its global brand influence [3] - By entering the Hong Kong capital market, the company aims to optimize its capital structure, support technology research and development, market expansion, and global business layout, while attracting international investors and improving governance [3] - As a leading domestic smart hardware ODM service provider, the company is expected to leverage Hong Kong's status as an international financial center to strengthen collaboration with global industry partners [3] Group 4: Company Overview - Shanghai Longqi Technology Co., Ltd. specializes in the research, design, and manufacturing of smart hardware, including smartphones, IoT devices, and wearables, serving major global consumer electronics brands [4] - The upcoming H-share listing is anticipated to propel the company into a new phase of international development [4]

2025年第六次临时股东会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 证券代码：603341 证券简称：龙旗科技 公告编号：2026-003 上海龙旗科技股份有限公司 一、 会议召开和出席情况 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 266 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 215,399,366 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 46.5394 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次会议由公司董事会召集，董事长杜军红先生主持了会议。本次会议的召 集、召开和表决均符合《公司法》等有关法律、法规、规章及《公司章程》的规 定。 (一) 股东会召开的时间：2025 年 12 月 31 日 (二) 股东会召开的地点：上海市徐汇区漕宝路 401 号 ...