Core Viewpoint - LianDe Co., Ltd. announced that its stock price experienced an abnormal fluctuation, with a cumulative increase of over 20% in closing prices over three consecutive trading days from November 4 to November 6, 2025 [1] Summary by Relevant Sections - **Stock Performance** - The stock price of LianDe Co., Ltd. showed a cumulative increase of over 20% during the trading days of November 4, 5, and 6, 2025, indicating significant market activity [1] - **Company Disclosure** - The company conducted a self-examination and confirmed with its controlling shareholder and actual controller that there are no undisclosed significant information as of the date of the announcement [1]

Core Viewpoint - The stock of LianDe Co., Ltd. experienced an abnormal trading fluctuation with a cumulative closing price increase exceeding 20% over three consecutive trading days from November 4 to November 6, 2025, prompting a self-examination and confirmation of no undisclosed significant information [1] Financial Performance - For the first three quarters of 2025, the company achieved an operating revenue of 930 million yuan, representing a year-on-year growth of 9.27% [1] Stock Trading Activity - The company confirmed that there were no significant changes in its operational situation or external environment that could impact stock trading prices [1] - During the period of abnormal stock trading fluctuations, the company's directors, senior management, and actual controllers did not engage in buying or selling the company's stock [1] - The controlling shareholder and its concerted actions reduced their holdings by a total of 1.9528 million shares through centralized bidding and block trading on November 5, 2025, with the reduction plan still ongoing [1] Disclosure and Compliance - The board of directors confirmed that there are no undisclosed matters that need to be revealed, and previous disclosures do not require correction or supplementation [1]

Core Insights - The general equipment sector experienced a 1.2% increase on November 6, with Chongde Technology leading the gains at 18.53% [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Stock Performance Summary - Chongde Technology (301548) closed at 61.59, up 18.53% with a trading volume of 121,400 shares and a transaction value of 725 million [1] - World (688028) closed at 56.39, up 11.22% with a trading volume of 117,700 shares and a transaction value of 636 million [1] - Liande Co., Ltd. (605060) closed at 40.36, up 10.00% with a trading volume of 142,900 shares and a transaction value of 571 million [1] - Wuzhou Xinchun (603667) closed at 47.84, up 8.02% with a trading volume of 580,900 shares and a transaction value of 2.746 billion [1] - Wu Zhi Electromechanical (300503) closed at 31.23, up 7.91% with a trading volume of 277,000 shares and a transaction value of 84.5 million [1] Capital Flow Analysis - The general equipment sector saw a net inflow of 142 million from institutional investors, while retail investors contributed a net inflow of 390 million [2] - The sector experienced a net outflow of 532 million from speculative funds [2] Individual Stock Capital Flow - Wuzhou Xinchun (603667) had a net inflow of 44.5 million from institutional investors, but a net outflow of 27.8 million from speculative funds [3] - Chongde Technology (301548) saw a net inflow of 88.1 million from institutional investors, with a net outflow of 28.2 million from speculative funds [3] - Aywei Co., Ltd. (002559) had a net inflow of 246 million from institutional investors, but a net outflow of 86.6 million from speculative funds [3]

Core Viewpoint - On November 5, LianDe Co., Ltd. experienced a significant stock increase of 10.01%, closing at 36.69 yuan, with a total of 17 block trades amounting to 1.35 million shares and a total transaction value of 40.61 million yuan [1][5]. Trading Details - The first block trade occurred at a price of 30.02 yuan for 100,000 shares, totaling 3.00 million yuan, with a discount rate of -18.18% [1]. - Subsequent trades consistently occurred at the same price of 30.02 yuan, with varying volumes and total amounts, all reflecting a discount rate of -18.18% [2][3][4]. - The last recorded trade was for 6,670 shares at the same price, contributing to the overall trading activity [4]. Recent Performance - Over the past three months, LianDe Co., Ltd. has recorded a total of 22 block trades with a cumulative transaction value of 54.02 million yuan [5]. - In the last five trading days, the stock has appreciated by 24.80%, with a net inflow of main capital amounting to 79.20 million yuan [5].

Core Insights - LianDe Co., Ltd. experienced a stock price increase of 5.01%, reaching 35.02 CNY per share, with a trading volume of 205 million CNY and a turnover rate of 2.55%, resulting in a total market capitalization of 8.426 billion CNY [1] Company Overview - LianDe Precision Machinery Co., Ltd. is located in Hangzhou Economic and Technological Development Zone, established on February 12, 2001, and listed on March 1, 2021. The company specializes in the research, design, production, and sales of high-precision mechanical components and precision cavity mold products, offering a one-stop service from casting to precision machining [1] - The revenue composition of the company includes: 54.59% from compressor components, 35.21% from construction machinery components, and 10.21% from other sources [1] Shareholder Information - Among the top ten circulating shareholders of LianDe Co., Ltd., a fund under Dongzheng Asset Management has entered the list. The Dongfanghong Huagangshen Mixed Fund (002803) newly became a top ten circulating shareholder in the third quarter, holding 2.232 million shares, which accounts for 0.93% of the circulating shares. The estimated floating profit today is approximately 3.7274 million CNY [2] - The Dongfanghong Huagangshen Mixed Fund (002803) was established on July 11, 2016, with a latest scale of 2.477 billion CNY. Year-to-date returns are 42.05%, ranking 1450 out of 8150 in its category; the one-year return is 32.11%, ranking 2182 out of 8043; and since inception, the return is 122.6% [2]

Group 1 - The core viewpoint of the news is that Linde Co., Ltd. experienced a stock price increase of 5.41%, reaching 34.11 CNY per share, with a total market capitalization of 8.207 billion CNY [1] - Linde Co., Ltd. is based in Hangzhou, Zhejiang Province, and was established on February 12, 2001, with its listing date on March 1, 2021 [1] - The company's main business involves the research, design, production, and sales of high-precision mechanical components and precision cavity molds, providing a one-stop service from casting to precision machining [1] Group 2 - The main revenue composition of Linde Co., Ltd. includes compressor components at 54.59%, engineering machinery components at 35.21%, and other products at 10.21% [1] - Among the top ten circulating shareholders, Dongzheng Asset Management has a fund that entered the list, holding 2.232 million shares, which is 0.93% of the circulating shares [2] - The fund, Oriental Red Hong Kong-Shenzhen Mixed Fund (002803), has achieved a year-to-date return of 45.37% and a one-year return of 36.08% [2]

Core Viewpoint - The company, LianDe Co., Ltd. (605060.SH), reported a reduction in shareholding by its major shareholders, indicating a shift in ownership dynamics and potential implications for investor sentiment [1] Shareholding Changes - LianDe Co., Ltd. received notifications from Huzhou Xuteng, Hangzhou Jiayang, Huzhou Shuoyi, and Huzhou Xunjia regarding a reduction in shareholding [1] - From September 25, 2025, to October 30, 2025, these entities collectively reduced their holdings by 1.2 million shares, which represents 0.50% of the total shares outstanding [1] - Additionally, a block trade resulted in a reduction of 479,000 shares, accounting for 0.20% of the total shares [1] - The combined shareholding of the actual controller and its concerted parties decreased from 66.65% to 65.96%, marking a change that touches the 1% threshold [1]

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） | 证券代码：605060 证券简称：联德股份 公告编号：2025-040 杭州联德精密机械股份有限公司 关于控股股东之一致行动人权益变动触及 1%刻度的 提示性公告 控股股东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 | 66.65% | | | | 权益变动后合计比例 | 65.96% | | | | 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☑ | | ...

Core Viewpoint - The announcement from Linde Co. indicates a planned reduction in shareholding by major shareholders, which will not affect the company's control or operations [1] Shareholding Changes - From September 25 to October 30, 2025, the controlling shareholders and their concerted actions will reduce their holdings by 1.2 million shares, representing 0.50% of the total shares [1] - An additional reduction of 479,000 shares will occur through block trading, accounting for 0.20% of the total shares [1] - The combined shareholding of the actual controller and concerted parties will decrease from 66.65% to 65.96%, marking a change of 1% in equity [1] Impact on Company Control - The planned reduction is part of a previously established plan and does not trigger a mandatory takeover bid [1] - The reduction will not lead to a change in the actual controller and will not impact the company's operations [1]

Core Viewpoint - LianDe Co., Ltd. is a leading manufacturer of high-precision mechanical components in China, providing a one-stop service from casting to precision machining, with a strong performance in the industry [1] Group 1: Company Overview - LianDe Co., Ltd. was established on February 12, 2001, and listed on the Shanghai Stock Exchange on March 1, 2021, with its registered and office address in Hangzhou, Zhejiang Province [1] - The company specializes in the research, design, production, and sales of high-precision mechanical components and precision cavity mold products [1] - It operates in the general equipment sector, with concepts including IDC (data center), heavy investment by funds, specialized and innovative sectors, superconductivity, and nuclear power [1] Group 2: Financial Performance - For Q3 2025, LianDe reported a revenue of 930 million yuan, ranking 22nd among 51 companies in the industry, with the industry leader, Juxing Technology, achieving 11.156 billion yuan [2] - The net profit for the same period was 179 million yuan, placing the company 12th in the industry, while the top performer, Juxing Technology, reported a net profit of 2.211 billion yuan [2] Group 3: Financial Ratios - As of Q3 2025, LianDe's debt-to-asset ratio was 20.40%, an increase from 17.45% year-on-year, but still below the industry average of 38.24%, indicating strong solvency [3] - The gross profit margin stood at 37.18%, significantly higher than the industry average of 26.36%, reflecting robust profitability [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 12.52% to 9,667, while the average number of circulating A-shares held per shareholder increased by 13.53% to 24,700 [5] - Notable shareholders include Noan Pioneer Mixed A and Baoying Growth Selected Mixed A, with increases in their holdings [5] Group 5: Business Highlights and Future Outlook - The company has shown strong performance in its Q1-Q3 results, with total revenue of 930 million yuan and a net profit of 178 million yuan, driven by high demand in the data center sector and successful new product launches [5][6] - The construction of the Mexico factory is nearing completion, and the domestic Mingde factory is expanding production capacity, enhancing local supply chain capabilities [6] - Forecasts for revenue from 2025 to 2027 are 1.274 billion, 1.594 billion, and 1.977 billion yuan, with net profits expected to be 246 million, 329 million, and 432 million yuan respectively [5][6]