Core Viewpoint - LianCe Technology, established in 2002 and listed in 2021, is a leader in intelligent testing for power systems, providing high-quality testing equipment and services in the specialized equipment sector [1]. Group 1: Business Performance - In Q3 2025, LianCe Technology reported revenue of 353 million yuan, ranking 64th out of 89 in the industry, with the industry leader, Keda Manufacturing, achieving 12.605 billion yuan [2]. - The net profit for the same period was approximately 78.52 million yuan, ranking 28th in the industry, with Keda Manufacturing leading at 1.832 billion yuan [2]. Group 2: Financial Ratios - As of Q3 2025, LianCe Technology's debt-to-asset ratio was 33.63%, an increase from 27.24% year-on-year, which is lower than the industry average of 42.80%, indicating strong solvency [3]. - The gross profit margin for Q3 2025 was 44.56%, up from 38.79% year-on-year, surpassing the industry average of 28.52%, reflecting robust profitability [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.41% to 3,964, while the average number of circulating A-shares held per shareholder decreased by 1.39% to 16,200 [5]. Group 4: Leadership Compensation - The chairman, Zhao Aiguo, received a salary of 586,500 yuan in 2024, a slight increase from 585,300 yuan in 2023 [4].

Core Viewpoint - The company has reported its financial results for the first three quarters of 2025, including asset impairment provisions and plans for an investor conference to discuss these results [10][16]. Financial Data Summary - The company has not audited its third-quarter financial statements [3]. - The company has made adjustments to its financial statements due to changes in accounting policies, affecting operating costs and sales expenses [3]. - The company reported a credit impairment loss of 7,860,345.24 yuan and an asset impairment loss of 4,318,331.4 yuan for the first three quarters of 2025 [11][12]. - The total impact of the impairment provisions on the company's profit for the third quarter is 12,178,676.64 yuan [13]. Shareholder Information - The company has confirmed that there are no changes in the major shareholders or their holdings during the reporting period [7]. Investor Conference Details - An investor conference is scheduled for November 24, 2025, to discuss the third-quarter results and address investor questions [16][19]. - The conference will be held online at the Shanghai Stock Exchange Roadshow Center [19][20]. - Investors can submit questions in advance from November 17 to November 21, 2025 [21].

Core Insights - The company reported a revenue of 353 million yuan for the first three quarters of 2025, representing a year-on-year growth of 6.84% [1] - The net profit attributable to the parent company reached 75.53 million yuan, showing a year-on-year increase of 36.54% [1] - The net profit excluding non-recurring items was 74.06 million yuan, reflecting a year-on-year growth of 39.43% [1] - The basic earnings per share stood at 1.17 yuan [1]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥98,322,255.90, representing an increase of 8.95% compared to the same period last year[6] - The total profit for the period was ¥26,895,349.66, a significant increase of 165.35% year-on-year[6] - The net profit attributable to shareholders was ¥22,581,712.12, reflecting a growth of 165.36% compared to the previous year[6] - The net profit excluding non-recurring gains and losses for the period was ¥21,176,059.85, up 190.15% year-on-year[7] - Basic earnings per share for the period were ¥0.35, an increase of 169.23% compared to the same period last year[7] - Net profit for the first three quarters of 2025 reached ¥78,518,558.46, a 36.3% increase from ¥57,601,198.49 in the same period of 2024[26] - Operating profit increased to ¥87,309,601.40, up 35.8% from ¥64,268,950.38 year-over-year[26] - Total comprehensive income for the period was ¥78,518,558.46, an increase of 36.3% from ¥57,601,198.49 in the same period last year[27] Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥1,534,121,080.57, marking a 16.98% increase from the end of the previous year[7] - Current assets totaled RMB 1,042,619,907.99 as of September 30, 2025, compared to RMB 850,524,646.84 at the end of 2024, marking an increase of 22.6%[20] - Total assets reached RMB 1,534,121,080.57, up from RMB 1,311,446,292.51, indicating a growth of 17%[22] - Total liabilities increased to RMB 515,944,555.71 from RMB 367,153,260.73, a rise of 40.5%[21] - Total current assets increased to CNY 737,890,923.14 as of September 30, 2025, compared to CNY 658,185,090.42 at the end of 2024, reflecting a growth of 12.1%[36] - Total liabilities amounted to CNY 253,551,578.34 as of September 30, 2025, compared to CNY 158,020,217.44 at the end of 2024, representing a significant increase of 60.5%[37] Cash Flow - The cash flow from operating activities for the year-to-date was ¥63,953,421.65, which is an increase of 58.08% compared to the same period last year[12] - Cash inflow from investment activities in the first three quarters of 2025 was ¥215,105,493.21, up from ¥131,704,326.33 in 2024, reflecting a growth of approximately 63.1%[45] - In the first three quarters of 2025, the net cash flow from operating activities was ¥41,699,330.42, compared to a negative ¥4,595,507.99 in the same period of 2024, indicating a significant improvement[45] - The net cash flow from investment activities was negative at ¥58,460,576.46 in 2025, compared to a smaller negative of ¥4,006,479.52 in 2024, showing increased investment outflows[45] - The net cash flow from financing activities was negative at ¥21,800,624.37 in 2025, slightly worse than the negative ¥21,397,222.58 in 2024, indicating ongoing challenges in financing[46] Research and Development - Research and development expenses totaled ¥10,517,573.41, a decrease of 6.39% year-on-year, accounting for 10.70% of operating revenue[7] - Research and development expenses rose to ¥29,176,603.09, compared to ¥27,750,536.28 in the previous year, reflecting a 5.1% increase[26] - Research and development expenses for the first three quarters of 2025 were CNY 9,309,687.13, slightly down from CNY 9,355,936.49 in the first three quarters of 2024[40] Sales and Revenue - The company reported a significant increase in sales revenue from testing and validation services, contributing to the overall profit growth[12] - Total revenue from sales of goods and services was ¥339,133,574.64, up from ¥302,767,907.34, marking a growth of 11.9%[31] - Cash received from sales of goods and services in the first three quarters of 2025 was ¥171,264,041.60, an increase from ¥142,220,699.22 in 2024, representing a growth of approximately 20.5%[45] Inventory and Assets Management - Inventory increased significantly to RMB 379,096,554.32 from RMB 246,296,003.73, representing a growth of 54%[19] - Non-current assets rose to RMB 491,501,172.58 from RMB 460,921,645.67, an increase of 6.6%[20] - The company reported a significant increase in accounts receivable, which rose to RMB 266,743,483.78 from RMB 201,070,618.21, an increase of 32.6%[19] Cash and Equivalents - Cash and cash equivalents at the end of the period totaled ¥81,750,374.00, down from ¥129,384,885.10, a decrease of 36.8%[33] - The company’s cash and cash equivalents were CNY 72,329,861.81 as of September 30, 2025, compared to CNY 90,598,727.33 at the end of 2024, a decrease of 20.2%[35] - The total cash and cash equivalents at the end of Q3 2025 stood at ¥31,126,354.98, a decrease from ¥31,932,852.47 in Q3 2024[46]

证券代码：688113 证券简称：联测科技 公告编号：2025-057 江苏联测机电科技股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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 和完整性依法承担法律责任。 重要内容提示： 会议召开时间：2025 年 11 月 24 日（周一）上午 09:00-10:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/）。 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 17 日（周一）至 11 月 21 日（周五） 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 zqsw@qdceqi.com 进行提问。公司将在说明会上对 投资者普遍关注的问题进行回答。 江苏联测机电科技股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日发布公司 2025 年第三季度报告，为便于广大 投资者更全面深入地了解公司 2025 年第三季度经营成果、财务 状况，公司计划于 2025 年 1 ...

证券代码：688113 证券简称：联测科技 公告编号：2025-056 江苏联测机电科技股份有限公司 关于 2025 年前三季度计提资产减值准备的公告 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 和完整性依法承担法律责任。 根据《企业会计准则》的相关规定，江苏联测机电科技股份 有限公司（以下简称"公司"）对截至 2025 年 9 月 30 日的各项 资产是否存在减值迹象进行判断，对于存在减值迹象的资产，公 司按照《企业会计准则》的规定方法和公司会计政策的要求进行 减值测试，对确实存在减值的资产，公司按照相关规定计提资产 减值准备。 一、 计提资产减值准备情况概述 为真实、准确反映公司截至 2025 年 9 月 30 日的财务状况和 经营成果，基于谨慎性原则，公司对合并报表范围内可能发生信 用及资产减值损失的有关资产计提信用及资产减值准备。 公司本次计提信用减值损失 7,860,345.24 元，计提资产减值 损失 4,318,331.4 元，具体如下表： 单位:元 | | 项目 | 2025 年前三季度计提减值准备金额 | | | --- | ...

联测科技公告，第三季度营收为9832.23万元，同比增长8.95%；净利润为2258.17万元，同比增长 165.36%。前三季度营收为3.53亿元，同比增长6.84%；净利润为7552.55万元，同比增长36.54%。 ...

Group 1 - The company, Lian Ce Technology, holds a total of 39,373 shares of Zhongtai Automobile through its wholly-owned subsidiary, Chang Ce Electromechanical [1]

Group 1 - Harbin Air Conditioning plans to transfer 40% equity of its subsidiary, Harbin Fushanchuan Biotechnology Development Co., Ltd. The subsidiary reported a net profit of -16.0963 million yuan for 2024, which is 218.83% of the previous year's net profit absolute value [1] - Xinhua Insurance expects a net profit of 29.986 billion to 34.122 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 45% to 65% [1][2] - Gansu Energy anticipates a net profit of 1.55 billion to 1.6 billion yuan for the first three quarters of 2025, reflecting a year-on-year increase of 11.86% to 15.47% [2][3] Group 2 - Dongfang Tower forecasts a net profit of 750 million to 900 million yuan for the first three quarters of 2025, indicating a year-on-year growth of 60.83% to 93% [4] - Meili Eco announced that its subsidiary won a bid for an EPC project worth 2.375 billion yuan [6] - Bohai Chemical's wholly-owned subsidiary will undergo routine maintenance for its 600,000 tons/year PDH unit, expected to last about 30 days [8] Group 3 - Qin Port Co. reported a total throughput of 317.02 million tons for the first nine months of 2025, a year-on-year increase of 5.56% [10] - Jianglong Shipbuilding won a bid for a 72.99 million yuan fishery enforcement vessel project, accounting for 4.22% of its 2024 audited revenue [11] - Longyuan Technology expects a net profit of 35 million to 40 million yuan for the first three quarters of 2025, representing a year-on-year increase of 50.11% to 71.55% [12] Group 4 - Naipu Mining anticipates a net profit of 61 million to 66 million yuan for the first three quarters of 2025, reflecting a year-on-year decline of 45.16% to 49.32% [14] - Jinggong Steel Structure reported a cumulative contract amount of 17.98 billion yuan for the first nine months of 2025, a year-on-year increase of 4.8% [15][16] - Shenzhen Gas reported a net profit of 918 million yuan for the first three quarters of 2025, a year-on-year decrease of 13.08% [17] Group 5 - Yabao Pharmaceutical's subsidiary received a drug registration certificate for a new diabetes medication [18] - Shaanxi Coal's coal production in September was 14.56 million tons, a year-on-year increase of 5.34% [20] - Sifang New Materials reported a 15.94% year-on-year decline in concrete production for the first three quarters [22] Group 6 - Nanjing Foods reported a consolidated revenue of 276 million yuan in September, a slight increase of 0.0016% year-on-year [23] - Pulaike received a new veterinary drug registration certificate for a flea and tick treatment [24] - Zhucheng Technology received a cash dividend of 15 million yuan from its subsidiary [25] Group 7 - David Medical's subsidiary received a medical device registration certificate for a portable electronic endoscope image processor [26] - Zhongtong Bus reported a 36.88% year-on-year increase in sales in September, totaling 1,106 units [27] - Xiantan Co. reported a 11.95% year-on-year increase in chicken sales revenue in September [28] Group 8 - Bojun Technology expects a net profit of 552 million to 662 million yuan for the first three quarters of 2025, a year-on-year increase of 50% to 80% [30] - Haishi Pharmaceutical's innovative pain relief drug clinical trial application has been accepted [31] - Lingxiao Pump Industry used 80 million yuan of idle funds to purchase financial products [32] Group 9 - Qiangda Circuit's subsidiary completed business registration changes to expand its operational scope [33] - *ST Tianyu's controlling shareholder applied for bankruptcy liquidation due to severe financial difficulties [34] - Baolidi's shareholder plans to reduce holdings by up to 1 million shares [36] Group 10 - Zijin Mining completed the acquisition of Kazakhstan's Raygorodok gold mine, controlling 100% of its rights [44] - Zhonggang Luoyang's indirect controlling shareholder completed a capital increase, raising registered capital from approximately 26.666 billion yuan to 44.824 billion yuan [46] - Jinyu Jidong's director resigned due to work adjustments [47]

Core Viewpoint - The controlling shareholders of Lian Ce Technology (688113) plan to reduce their holdings, raising concerns about the company's stock buyback program and its effectiveness in supporting shareholder value [1][5]. Summary by Sections Shareholder Actions - On October 12, Lian Ce Technology announced that two of its controlling shareholders, Li Hui and Zhang Hui, plan to reduce their holdings by up to 1.92 million shares, representing 2.98% of the total share capital, between November 4, 2025, and February 3, 2026 [1][3]. - If the maximum reduction is executed at the closing price of 39.78 yuan per share, the total cashing out could exceed 76 million yuan [3]. Company Buyback Program - The company's buyback program initiated in April 2023 has seen limited progress, with less than 500,000 yuan spent so far, leading to investor skepticism about its intent [4][5]. - The buyback plan aims to repurchase shares worth 10 million to 20 million yuan for employee stock ownership plans or equity incentives, but only 12,800 shares have been repurchased, accounting for 0.02% of the total share capital [5]. Shareholder Structure and Market Performance - Lian Ce Technology is a professional provider of power system testing solutions, with major clients including SAIC Group, GAC Group, Huawei, and others [4]. - The controlling shareholder, Zhao Aiguo, and his associates hold a combined 35.11% of the shares, indicating a high concentration of ownership [4]. - Despite the recent sell-offs by controlling shareholders, the stock has seen a year-to-date increase of 39%, with a current market capitalization of 2.5 billion yuan [5].