Core Viewpoint - The company, Lida Xin IoT Technology Co., Ltd., confirmed that there are currently no significant matters being planned that involve the company, following an inquiry regarding stock price fluctuations on November 4, 2025 [1][2]. Summary by Relevant Sections - **Company Response to Inquiry** - The controlling shareholders and actual controllers, Li Jianghuai and Mi Li, responded to the inquiry on November 4, 2025, stating that after self-examination, there are no significant matters being planned that involve the company [1][2]. - **Details of No Significant Matters** - The response specifically mentioned that there are no ongoing plans related to major asset restructuring, share issuance, significant transaction matters, business restructuring, share buybacks, equity incentives, bankruptcy reorganization, major business cooperation, or the introduction of strategic investors [1].

证券代码：605365 证券简称：立达信 公告编号：2025-041 立达信物联科技股份有限公司 股票交易异常波动公告 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： 立达信物联科技股份有限公司（以下简称"公司"或"本公司"）股票 于 2025 年 10 月 31 日、11 月 3 日、11 月 4 日连续三个交易日内日收盘价格涨幅 偏离值累计超过 20%，根据《上海证券交易所交易规则》的有关规定，属于股票 交易异常波动情形。 经公司自查并向控股股东、实际控制人书面发函查证，截至本公告披露 日，确认不存在应披露而未披露的重大事项或重要信息。 （二）重大事项情况 经公司自查并向公司控股股东、实际控制人核实，截至本公告披露日，公司 及其控股股东、实际控制人均不存在筹划涉及公司重大资产重组、股份发行、重 大交易类事项、业务重组、股份回购、股权激励、破产重整、重大业务合作、引 进战略投资者等应披露而未披露的重大事项。 （三）媒体报道、市场传闻、热点概念情况 经公司自查，截至本公告披露日，公司未发现近期媒体报道或市场传闻 ...

特此回复。 李江淮、米莉 2025 年 11 月 4 日 本人于 2025 年 11 月 4 日收到贵公司发来的《关于立达信物联科技股份有限 公司股价异动的问询函》。经自查，回函如下： 本人作为贵公司控股股东、实际控制人，目前不存在正在筹划中涉及贵公司 的重大事项，包括但不限于重大资产重组、股份发行、重大交易类事项、业务重 组、股份回购、股权激励、破产重整、重大业务合作、引进战略投资者等重大事 项。 关于立达信物联科技股份有限公司 股价异动的问询函之回函 立达信物联科技股份有限公司： ...

Core Viewpoint - The stock of Lida Xin has experienced a significant price fluctuation, with a cumulative increase of over 20% in closing prices over three consecutive trading days, prompting an announcement regarding abnormal trading conditions [1] Company Summary - Lida Xin confirmed that there are no undisclosed significant matters or important information as of the date of the announcement [1] - The company's daily operations are normal, and there have been no major adjustments in market conditions or industry policies [1] - There have been no substantial fluctuations in production costs or sales, and no major contracts have been signed recently [1] - The company's main business does not involve new technologies, new industries, new business formats, or new models [1] - No media reports, market rumors, or trending concepts have been identified that could significantly impact the stock price [1] - Company directors, senior management, and controlling shareholders have not engaged in buying or selling company stock during the price fluctuation period [1] Industry Summary - The announcement indicates a stable market environment for the company, with no significant changes in industry policies or operational conditions [1] - The lack of major contracts or new business initiatives suggests a conservative approach in the current market landscape [1]

Core Insights - The lighting equipment sector experienced a rise of 2.46% on November 3, with Lida Xin leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Stock Performance Summary - Lida Xin (605365) closed at 19.83, with a significant increase of 9.98%, trading volume of 110,600 shares and a transaction value of 216 million [1] - ST Xingguang (002076) rose by 4.85% to 2.16, with a trading volume of 226,000 shares and a transaction value of 48.02 million [1] - OPPLE Lighting (603515) increased by 1.90% to 17.73, with a trading volume of 13,200 shares and a transaction value of 2.33 million [1] - Other notable stocks include Sanxiong Aurora (300625) up 1.53% to 12.61, and Ocean King (002724) up 0.98% to 7.18 [1] Capital Flow Analysis - The lighting equipment sector saw a net inflow of 68.26 million from institutional investors, while retail investors experienced a net outflow of 19.56 million [2] - Lida Xin (605365) had a net inflow of 55.89 million from institutional investors, representing 26.32% of the total, while retail investors had a net outflow of 20.42 million [3] - ST Xingguang (002076) attracted a net inflow of 18.25 million from institutional investors, accounting for 38.75% of the total [3]

Core Insights - The lighting equipment sector experienced a rise of 1.48% on October 31, with Lida Xin leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Stock Performance - Lida Xin (605365) closed at 18.03, up 5.50% with a trading volume of 84,300 shares and a transaction value of 150 million yuan [1] - Other notable performers included Xiaosong Co. (002723) with a 2.98% increase, and Qinsong Co. (002638) with a 2.67% increase [1] - The overall trading volume and transaction values for various stocks in the lighting equipment sector were detailed, indicating active trading [1][2] Capital Flow - The lighting equipment sector saw a net inflow of 8.9671 million yuan from institutional investors, while retail investors experienced a net outflow of 12.8886 million yuan [2][3] - Lida Xin had a significant net inflow of 11.8214 million yuan from institutional investors, despite a net outflow of 18.2136 million yuan from retail investors [3] - The capital flow data indicates varying levels of investor confidence across different stocks within the sector [3]

Group 1: General Information - The research object is LIDAXIN, belonging to the home appliance industry, and the reception time is October 30, 2025. The listed company's reception staff includes the chairman and general manager Li Jianghuai, the deputy general manager, financial director, and board secretary Xia Chengliang, and the independent director Zhuang Ying [17] - All investors can participate through online interactive means [20] Group 2: Key Insights from Q&A R & D Investment - The company adjusted its business layout and optimized the R & D base layout, reducing R & D site rental costs. It also focused resources to optimize R & D efficiency and management. In the first three quarters of 2025, the R & D expense ratio decreased, but the total R & D expense was 239 million yuan, and it will continue to maintain high - intensity R & D investment [24] - The company has a multi - level and systematic R & D innovation system, setting R & D goals according to short, medium, and long - term strategic development needs to enhance core competitiveness. It will adhere to the "dual - main business of brand and OEM, dual - cycle at home and abroad" strategy, focusing on lighting and IoT [26] Incentive Mechanisms - The company attaches great importance to股权激励 and will introduce long - term incentive mechanisms according to business conditions and regulatory policies [24] - In terms of encouraging R & D personnel innovation, the company has R & D project reward systems, holds innovation competitions and 1024 Engineer Culture Festival, and values the evaluation and promotion of R & D personnel with great value contributions [25] Cost Reduction and Efficiency Increase - In the first three quarters of 2025, the company expanded the production capacity of the Thailand base to optimize the global supply chain and improve production efficiency. The total of management, sales, and R & D expenses decreased by 1.44% year - on - year, achieving stable and slight revenue growth [25] Market Position and Competition - In the first three quarters of 2025, the company's cumulative operating income was 4.947 billion yuan, a year - on - year increase of 0.13%, indicating good competitiveness. However, due to intensified industry competition, the gross profit margin decreased in the first three quarters [25] - The company has competitive advantages such as R & D innovation, global service, and manufacturing capabilities. It will continue to focus on lighting and IoT, deepen the global strategic layout, and enhance product competitiveness [27] Cash Flow and Financial Strategy - The company will optimize the debt structure, reduce financial costs, revitalize existing assets, strengthen production organization, sales, inventory and accounts receivable turnover, and cost control to improve operating cash flow [28] Performance Fluctuation - The company's performance fluctuations are mainly affected by US tariff policies, weak market demand, intensified industry competition, and rising costs in the expansion of the Thailand production base. In the long run, the globalization layout may bring cost control challenges, but the stable operation of the Thailand base will enhance the company's ability to cope with international trade risks [27][28]

Core Insights - The lighting equipment sector experienced a decline of 0.99% on October 29, with Ocean King leading the drop [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Sector Performance - The following companies in the lighting equipment sector showed notable price movements: - Greer (20.35, +5.50%, 32,000 shares, 62.82 million CNY) [1] - *ST Xingguang (2.08, +5.05%, 822,700 shares, 16.7 million CNY) [1] - Hengtai Lighting (10.94, +1.86%, 20,600 shares, 22.24 million CNY) [1] - Minexplosion Optoelectronics (43.19, +0.91%, 53,219 shares, 22.89 million CNY) [1] - Sanxiong Aurora (12.44, +0.40%, 45,900 shares, 57.04 million CNY) [1] - Foshan Lighting (6.38, 0.00%, 111,300 shares, 70.63 million CNY) [1] - Sunshine Lighting (3.63, -0.27%, 197,000 shares, 71.15 million CNY) [1] - Lida Xin (17.39, -1.14%, 60,300 shares, 105 million CNY) [1] - Komatsu Co. (7.86, -1.26%, 148,900 shares, 117 million CNY) [1] - Debang Lighting (13.73, -1.29%, 16,700 shares, 23.08 million CNY) [1] Capital Flow - The lighting equipment sector saw a net outflow of 32.03 million CNY from institutional investors, while retail investors contributed a net inflow of 23.99 million CNY [2] - The following companies had significant capital flow: - Lida Xin: Net inflow of 9.05 million CNY from institutional investors, but net outflows from retail and speculative investors [3] - *ST Xingguang: Net inflow of 8.19 million CNY from institutional investors, with outflows from speculative and retail investors [3] - Sunshine Lighting: Net inflow of 3.65 million CNY from institutional investors, with outflows from speculative investors [3] - Shihong History: Net inflow of 2.54 million CNY from institutional investors, but significant outflows from speculative investors [3] - Foshan Lighting: Net inflow of 2.53 million CNY from institutional investors, with outflows from speculative investors [3]

Market Overview - The lighting equipment sector experienced a decline of 0.74% on October 28, with Ocean King leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Individual Stock Performance - Lida Xin (605365) closed at 17.59, up 2.33% with a trading volume of 76,100 shares and a turnover of 134 million yuan [1] - Sanxiong Aurora (300625) closed at 12.39, up 0.32% with a trading volume of 18,100 shares [1] - Xiaomatsu Co. (002723) closed at 7.96, up 0.13% with a trading volume of 117,200 shares [1] - Debang Lighting (603303) closed at 13.91, up 0.07% with a trading volume of 15,300 shares [1] - Minexplosion Optoelectronics (301362) closed at 42.80, up 0.05% with a trading volume of 5,302 shares [1] - Hengtai Lighting (920339) closed at 10.74, down 0.09% with a trading volume of 10,300 shares [1] - Foshan Lighting (000541) closed at 6.38, down 0.31% with a trading volume of 93,500 shares [1] - Sunshine Lighting (600261) closed at 3.64, down 0.55% with a trading volume of 127,900 shares [1] - OPPLE Lighting (603515) closed at 17.66, down 1.06% with a trading volume of 10,500 shares [1] - Qinsun Co. (002638) closed at 2.71, down 1.45% with a trading volume of 344,300 shares [1] Capital Flow Analysis - The lighting equipment sector saw a net outflow of 100 million yuan from institutional investors, while retail investors had a net inflow of 70.45 million yuan [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional selling and retail buying [2] Detailed Capital Flow for Selected Stocks - Debang Lighting (603303) had a net inflow of 285,600 yuan from institutional investors, but a net outflow of 105,900 yuan from retail investors [3] - Sanxiong Aurora (300625) experienced a net outflow of 269,000 yuan from institutional investors, while retail investors contributed a net inflow of 889,600 yuan [3] - Lida Xin (605365) saw a net outflow of 1,022,200 yuan from institutional investors, with retail investors providing a net inflow of 3,340,400 yuan [3] - Minexplosion Optoelectronics (301362) had a net outflow of 1,589,600 yuan from institutional investors, while retail investors had a net inflow of 1,623,180 yuan [3] - Foshan Lighting (000541) faced a net outflow of 927,410 yuan from institutional investors, with retail investors contributing a net inflow of 814,670 yuan [3]

Core Viewpoint - The company, Lida Xin, has released its third-quarter report for 2025, ensuring the accuracy and completeness of the financial information presented [9][10]. Financial Data - The financial statements for the third quarter of 2025 have not been audited [3]. - The report includes major accounting data and financial indicators, although specific figures are not detailed in the provided text [3]. Board Meeting - The third meeting of the company's board of directors was held on October 27, 2025, with all nine directors present [8]. - The board unanimously approved the third-quarter report, confirming that the preparation and review processes complied with relevant laws and internal regulations [9][10][11]. Legal Responsibility - The board and all directors guarantee that the information disclosed in the third-quarter report is true, accurate, and complete, and they accept legal responsibility for its content [10][11].