证券代码：603341 证券简称：龙旗科技 公告编号：2025-102 上海龙旗科技股份有限公司 关于合计持股 5%以上股东权益变动触及 1%刻度的提示性公告 股东苏州工业园区顺为科技创业投资合伙企业（有限合伙）及其一致行动人保证 向本公司提供的信息真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 权益变动方向 比例增加□ 比例减少☑ 权益变动前合计比例 6.91% 权益变动后合计比例 5.99% 本次变动是否违反已作出的承 诺、意向、计划 是□ 否☑ 是否触发强制要约收购义务 是□ 否☑ 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 | | □控股股东/实际控制人及其一致行动人 | | --- | --- | | | ☑其他 5%以上大股东及其一致行动人 | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） | | | □其他______________（请注明） | 2.信息披露义务人信息 | 信息披露义务人名称 | | 投资者身份 ...

证券代码：603341 证券简称：龙旗科技 公告编号：2025-103 二、回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，在回购股份期间，上市公司应当在每个月的前 3 个交易日内，公告截至上月末的回购进展情况。现将公司回购股份的进展情况公 告如下： 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 | 2025 年 4 月 8 日~2026 年 4 月 7 日 | | 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 | 1.60% | | 累计已回购 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company's revenue for the first three quarters of 2025 was 31.332 billion yuan, a year-on-year decrease of 10.28%, while the net profit attributable to shareholders was 507 million yuan, an increase of 17.74% [5] - In Q3 2025, the company achieved revenue of 11.424 billion yuan, a year-on-year decrease of 9.62%, and a net profit attributable to shareholders of 152 million yuan, a year-on-year increase of 64.46% [5] - The company is focusing on expanding its "1+2+X" product strategy, with significant growth in AIoT and tablet businesses, which now account for 20.0% and 9.5% of revenue, respectively [5] - The gross margin for Q3 2025 was 9.38%, a year-on-year increase of 4.00 percentage points, indicating improved profitability [5] Summary by Sections Financial Performance - For the first three quarters of 2025, the gross margin was 8.59%, up 2.50 percentage points year-on-year, and the net profit margin was 1.62%, up 0.39 percentage points [5] - The company expects revenues of 46.810 billion, 54.538 billion, and 66.691 billion yuan for 2025, 2026, and 2027, respectively, with year-on-year growth rates of 1%, 17%, and 22% [7] - The projected net profits for the same years are 651 million, 927 million, and 1.302 billion yuan, with growth rates of 30%, 42%, and 40% [7] Business Strategy - The company is a leading ODM in smart hardware, focusing on the "1+2+X" strategy, which includes smartphones, AIoT, AI PCs, and automotive electronics [5] - The smart device business is benefiting from seasonal demand and upgrades in emerging markets [5] - The AI PC segment is expanding with new product launches and partnerships with major global clients [5] Market Position - The company is positioned to benefit from the AI wave at the edge and is actively expanding into PC and automotive electronics, which opens up future growth opportunities [5] - The current market capitalization is approximately 21.211 billion yuan, with a circulating market value of about 12.030 billion yuan [4]

Group 1 - The core point of the news is that Longqi Technology experienced significant trading activity on November 3, with a total of 1.7 million shares traded, amounting to approximately 69.996 million yuan, indicating a trend of discounted transactions relative to the closing price [2][3] - The stock closed at 45.19 yuan, reflecting a 0.65% increase, with a turnover rate of 3.57% and a total trading volume of 426 million yuan for the day [2] - Over the past three months, Longqi Technology has recorded 17 block trades, totaling 440 million yuan [2] Group 2 - The latest margin financing balance for Longqi Technology is 556 million yuan, showing a decrease of 112 million yuan over the past five days, which is a decline of 16.79% [3] - The company, Shanghai Longqi Technology Co., Ltd., was established on October 27, 2004, with a registered capital of 469.381544 million yuan [3] - In the block trades on November 3, one transaction involved 140,000 shares at a price of 40.41 yuan, reflecting a discount of 10.58% compared to the closing price, while another transaction involved 30,000 shares at 44.74 yuan, with a discount of 1.00% [3]

Group 1 - On November 3, Longqi Technology executed a block trade of 1.7 million shares, with a transaction value of 69.996 million yuan, accounting for 14.1% of the total trading volume for the day [1] - The average transaction price was 41.17 yuan, representing an 8.89% discount compared to the market closing price of 45.19 yuan [1] - The highest transaction price recorded was 44.74 yuan, while the lowest was 40.41 yuan [1] Group 2 - The block trade on November 3 involved multiple transactions, with one at a price of 44.74 yuan totaling 13.422 million yuan for 30 shares, and another at 40.41 yuan totaling 56.574 million yuan for 140 shares [2]

人民财讯11月3日电，11月3日，智元机器人宣布，其自主研发的"真机强化学习技术"在龙旗科技 （603341）消费电子产线完成工业级验证，首次实现从实验室到规模化应用的跨越。该技术通过机器人 自主学习优化作业策略，新技能训练仅需数十分钟，换型成本降低90%，解决了传统产线调试周期长、 柔性不足的痛点。目前，该技术已应用于龙旗科技平板产线。 ...

Core Insights - The core viewpoint of the article is that Zhiyuan Robotics has successfully implemented its machine reinforcement learning technology in collaboration with Longqi Technology, marking the transition from academic research to industrial application [1] Group 1: Technology Development - Zhiyuan Robotics' reinforcement learning technology has overcome rigid bottlenecks in precision manufacturing lines [1] - The technology enables robots to autonomously learn and optimize operational strategies in real production environments [1] - This advancement significantly enhances the efficiency and adaptability of flexible manufacturing [1] Group 2: Collaboration and Future Plans - The partnership between Zhiyuan Robotics and Longqi Technology has entered a substantial implementation phase [1] - Both companies will advance technology iterations to accelerate the construction of an AI-driven manufacturing ecosystem [1]

Core Viewpoint - Longqi Technology, a leading global ODM for smart products, is set to go public on March 1, 2024, on the Shanghai Stock Exchange, leveraging its advantages in global production and R&D capabilities [1] Group 1: Business Performance - In Q3 2025, Longqi Technology reported revenue of 31.332 billion yuan, ranking 8th in the industry, significantly above the industry average of 15.493 billion yuan but far below the top competitors, Foxconn and Luxshare [2] - The company's net profit for the same period was 514 million yuan, ranking 12th in the industry, below the average of 635 million yuan but above the median of 54.758 million yuan [2] Group 2: Financial Ratios - Longqi Technology's debt-to-asset ratio stood at 78.98% in Q3 2025, higher than the industry average of 44.84% [3] - The gross profit margin was reported at 8.59%, an increase from 6.09% year-on-year, yet still below the industry average of 19.47% [3] Group 3: Executive Compensation - Chairman Du Junhong's compensation for 2024 was 1.4513 million yuan, an increase of 435,900 yuan from 2023 [4] - General Manager Ge Zhengang's compensation for 2024 was 2.4002 million yuan, a slight decrease of 32,600 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 15.64% to 27,000, while the average number of circulating A-shares held per account decreased by 13.52% to 9,848.06 [5] Group 5: Business Highlights and Future Outlook - Longqi Technology is focusing on a "1 + 2 + X" strategic layout, with key business highlights including: 1. Recovery in the smartphone market with optimized customer structure and customized AI solutions [5] 2. Strong performance in wearable products, particularly in health monitoring and smart glasses [5] 3. Expansion in the global PC market with new high-end products [6] 4. Growth in automotive electronics with multiple product launches [6] 5. Significant revenue growth in AIoT, particularly from AI glasses [6] - Forecasts for net profit from 2025 to 2027 are 664 million, 931 million, and 1.301 billion yuan, with corresponding PE ratios of 33, 23, and 17 [5]

Group 1 - Longqi Technology executed a block trade of 801,500 shares on October 31, with a transaction value of 32.589 million yuan, accounting for 8.93% of the total trading volume for the day [1] - The transaction price was 40.66 yuan, which represents a discount of 9.44% compared to the market closing price of 44.9 yuan [1]

Summary of Longqi Technology Conference Call Company Overview - **Company**: Longqi Technology - **Industry**: Technology, specifically focusing on smart devices including smartphones, tablets, smart glasses, and AI applications Key Financial Metrics - **Revenue**: 2025 Q1-Q3 revenue reached 31.3 billion CNY, a decrease of 10% year-on-year, primarily due to a decline in smartphone business [2][3] - **Net Profit**: Net profit attributable to shareholders was 500 million CNY, an increase of 17.74% year-on-year; however, the non-recurring net profit decreased by 18% [2][3] - **Q3 Performance**: Q3 revenue was 11.4 billion CNY, down 9.6% year-on-year, while net profit for the quarter was 152 million CNY, up 64% [3] Business Segments Smartphone Business - **Performance**: The smartphone segment saw a decline in revenue, influenced by market competition and a strategic shift towards quality over quantity [3][16] - **Strategy**: Focus on high-value projects, with an expected ODM market share exceeding 30% for the year [4][18] Tablet Business - **Growth**: Tablet revenue reached 1.09 billion CNY in Q3, a 23% increase year-on-year, driven by AI innovations and supply chain investments [2][5] - **Future Plans**: New product department established, with mass production expected by Q4 2026 [4][9][24] Smart Glasses - **Market Potential**: The AI glasses market is projected to reach 30 million units by 2026, with Longqi focusing on partnerships with major clients in the US and Europe [2][8] - **Product Launches**: Successful launch of the first smart glasses project and a sports version of smart glasses [5][30] AI and Smart Manufacturing - **Collaboration**: Partnership with Zhiyuan Robotics to implement intelligent robots in assembly lines, enhancing operational efficiency [6][11] - **Future Developments**: Plans to expand cooperation in robot parts supply and manufacturing [6][11] Strategic Initiatives - **Growth Strategy**: Longqi's strategy combines internal growth with external acquisitions, focusing on expanding its product portfolio and strengthening client relationships [7][31] - **IPO Progress**: The company is advancing its Hong Kong IPO application, submitted on June 27, 2025 [20] Market Trends and Insights - **AI Glasses Market**: Driven by major players like Meta, the AI glasses market is expected to grow significantly, with Longqi positioned as a key supplier [8][28] - **CIP Plan**: The Chip-in-Polymer (CIP) initiative is set to launch, with expectations for mass production by Q4 2026 [9] Additional Insights - **R&D Expansion**: Longqi plans to increase its R&D workforce significantly over the next few years, aiming for a growth from 5,000 to 8,000-9,000 employees by 2029 [22] - **Automotive Electronics**: The company is focusing on automotive electronics, with new products entering mass production and strategic partnerships with major automotive brands [25][26] Conclusion Longqi Technology is navigating a challenging market landscape with a focus on quality growth, strategic partnerships, and innovation in AI and smart devices. The company is well-positioned to capitalize on emerging trends in the AI glasses market and is actively pursuing expansion through R&D and potential IPO activities.