Financial Performance - The company's revenue for Q3 2025 was ¥575,054,107.17, a decrease of 1.30% compared to the same period last year, while year-to-date revenue increased by 8.66% to ¥1,787,897,027.71[5] - Net profit attributable to shareholders for Q3 2025 was ¥73,729,121.81, down 4.42% year-on-year, but up 15.26% year-to-date at ¥230,246,126.87[5] - Basic and diluted earnings per share for Q3 2025 were both ¥0.38, reflecting a decrease of 2.56% compared to the same period last year, while year-to-date earnings per share increased by 16.00% to ¥1.16[5] - Total operating revenue for the current period reached ¥1,787,897,027.71, an increase of 8.66% compared to ¥1,645,449,247.62 in the previous period[18] - Net profit for the current period was ¥231,893,408.33, representing a growth of 15.14% from ¥201,394,546.34 in the previous period[19] - Earnings per share (EPS) increased to ¥1.16, compared to ¥1.00 in the prior period, reflecting a 16% rise[20] Assets and Liabilities - The company's total assets at the end of Q3 2025 were ¥3,223,281,935.28, representing a 16.37% increase from the end of the previous year[5] - Current assets totaled CNY 2,137,818,865.63, up from CNY 1,670,441,070.85 at the start of the period, indicating a growth of approximately 27.9%[15] - Total liabilities amounted to CNY 1,000,625,000.04, with current liabilities at CNY 842,162,006.39, down from CNY 864,552,469.65, indicating a reduction of about 2.4%[15] - Total liabilities decreased from ¥879,963,561.37 to ¥856,566,736.98, a reduction of about 2.65%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,310, with the largest shareholder holding 45.69% of the shares[11] - The company repurchased 2,445,000 shares, representing 1.13% of the total share capital[13] - Total equity attributable to shareholders increased to ¥2,354,628,238.19, up 25.24% from ¥1,879,477,699.72[16] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥320,121,802.52, a significant increase of 208.98% compared to the same period last year[9] - Cash flow from operating activities generated a net amount of ¥320,121,802.52, significantly higher than ¥103,605,015.16 in the previous period[21] - The company’s cash flow management appears strong, with a notable increase in cash reserves and a reduction in short-term borrowings to CNY 167,274,133.32 from CNY 108,564,235.29, an increase of approximately 54.1%[15] Investment Activities - Net cash flow from investment activities was -$257.45 million, compared to -$52.77 million in the previous period, indicating a significant increase in cash outflow[22] - Total cash inflow from investment activities was $171.83 million, down from $419.46 million, reflecting a decrease of approximately 59%[22] - Cash outflow from investment activities totaled $429.28 million, a decrease of about 9% from $472.23 million[22] Financial Expenses and Income - The company recorded a 40.40% decrease in financial expenses, primarily due to reduced interest income[9] - The company reported a financial income of ¥10,257,429.39, down 28.56% from ¥14,365,585.58 in the prior period[19] Research and Development - Research and development expenses rose to ¥64,976,701.29, an increase of 11.51% compared to ¥58,292,852.44 in the previous period[18] Audit Information - The company did not undergo an audit for the third quarter financial report[23]

Group 1 - The rubber sector experienced a slight increase of 0.02% on October 9, with Tian Tie Technology leading the gains [1] - The Shanghai Composite Index closed at 3933.97, up by 1.32%, while the Shenzhen Component Index closed at 13725.56, up by 1.47% [1] - Key stocks in the rubber sector showed varying performance, with Tian Tie Technology rising by 5.22% to a closing price of 9.28 [1] Group 2 - The main capital flow in the rubber sector indicated a net outflow of 92.3842 million yuan from institutional investors, while retail investors saw a net inflow of 58.5443 million yuan [1] - The trading volume and turnover for key stocks in the rubber sector were significant, with Tian Tie Technology achieving a turnover of 508 million yuan [1]

| 购买主体 | 受托方 | 产品名称 | 产品类型 | 购买金额 （万元） | 起息日 | 到期日 | 预期年 化收益 | 资金来 源 | 关联 关系 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 率 | | | | 联科科技 | 潍坊银行股份有 限公司青州金鼎 支行 | 潍坊银行定期 存款 | 保本固定收 益型 | 5,000 | 2025-9-12 | 2026-9-12 | 1.6% | 闲置募 集资金 | 无 | | 联科科技 | 潍坊银行股份有 限公司青州金鼎 支行 | 潍坊银行定期 存款 | 保本固定收 益型 | 3,000 | 2025-9-12 | 2026-9-12 | 1.6% | 闲置募 集资金 | 无 | | 联科科技 | 潍坊银行股份有 限公司青州金鼎 支行 | 潍坊银行定期 存款 | 保本固定收 益型 | 2,000 | 2025-9-12 | 2026-9-12 | 1.6% | 闲置募 集资金 | 无 | | 联科科技 | 限公司潍坊青州 | 2025 年第 27 ...

Group 1 - The rubber sector experienced a rise of 1.53% on September 30, with Tongcheng New Materials leading the gains [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] - Key stocks in the rubber sector showed significant price increases, with Tongcheng New Materials rising by 4.69% to a closing price of 44.19 [1] Group 2 - The rubber sector saw a net inflow of main funds amounting to 88.47 million yuan, while retail investors experienced a net outflow of 131 million yuan [3] - The table of fund flows indicates that retail investors withdrew funds, contrasting with the inflow from institutional and speculative investors [3]

Group 1: Market Dynamics - As of September 28, 2025, there were 17 new private placement projects added, a 1 project increase from the previous period, with 10 projects terminated, marking a 4 project increase[4] - The approval rate for projects remains at 100%, with 3 projects approved by the review committee, a decrease of 8 projects from the previous period[17] - There are currently 628 projects in the normal review stage, with 65 projects having received approval, a decrease of 8 projects[7] Group 2: Fundraising and Pricing - In the last two weeks, 5 competitive projects raised a total of 6.9 billion yuan, a decrease of 38.84% from the previous period, with a 100% fundraising success rate[31] - The average benchmark discount rate for these projects was 11.16%, down by 2.10 percentage points[32] - The average premium rate for bids was 10.04%, reflecting a 1.58 percentage point increase[42] Group 3: Performance of Released Projects - Among the 6 competitive projects released, 83.33% had positive returns, with an average absolute return of 47.36% and an excess return of 34.54%[46] - The average market discount rate for these projects was 10.77%, down by 4.65 percentage points[46] - For the 4 pricing projects released, the average absolute return was 406.53%, a significant increase of 353.82 percentage points[51] Group 4: Risk Factors - Risks include slower-than-expected review progress, fluctuations in secondary market stock prices, and changes in the competitive bidding environment for private placements[54]

Group 1: Market Dynamics - As of September 28, 2025, there were 17 new private placement projects added, a 1 project increase from the previous period, with 10 projects terminated, marking a 4 project increase[4] - The approval rate for projects was 100%, with 3 projects approved by the review committee, a decrease of 8 projects from the previous period[19] - There are currently 628 projects under normal review, with 65 projects having received approval, a decrease of 8 projects[7] Group 2: Fundraising Overview - In the last two weeks, 5 competitive projects raised a total of 6.9 billion yuan, a decrease of 38.84% from the previous period[34] - The average base discount rate for these projects was 11.16%, down 2.10 percentage points from the previous period[36] - The average market price discount rate was 16.23%, with a slight decrease of 0.02 percentage points[36] Group 3: Unlocking Gains - Among the 6 competitive projects that were unlocked, 83.33% had positive returns, a decrease of 16.67 percentage points from the previous period[50] - The average absolute return on the unlocking day was 47.36%, with an excess return of 34.54%, both showing increases from the previous period[50] - The average market price discount rate for these projects was 10.77%, down 4.65 percentage points from the previous period[50]

Market Overview - The rubber sector experienced a decline of 1.75% on September 26, with Tian Tie Technology leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Zhen An Technology saw a significant increase of 8.95%, closing at 23.37, with a trading volume of 343,000 shares and a transaction value of 800.3 million [1] - Tian Tie Technology reported a sharp decline of 7.95%, closing at 7.99, with a trading volume of 460,700 shares and a transaction value of 381 million [2] - Other notable performers included Ke Long New Materials, which increased by 1.26%, and Shuangjian Co., which rose by 0.76% [1] Capital Flow - The rubber sector experienced a net outflow of 348 million from institutional investors, while retail investors saw a net inflow of 202 million [2] - The data indicates that retail investors are actively participating in the market despite the overall decline in the sector [2] Individual Stock Capital Flow - Hai Da Co. had a net inflow of 11.75 million from institutional investors, while it faced a net outflow of 12.81 million from retail investors [3] - Zhen An Technology had a net inflow of 9.76 million from institutional investors but saw a net outflow of 12.10 million from retail investors [3] - Shuangjian Co. experienced a net inflow of 1.95 million from retail investors, despite a net outflow from institutional investors [3]

Group 1 - Shandong LianKe Technology Co., Ltd. raised 297 million RMB through a targeted issuance of shares, with participation from various investment institutions including Zhinan Fund, Western Securities, and others [1][2] - The company specializes in the research, production, and sales of silica and carbon black, with silica products including LK, LKHD, and LKSIL series for rubber and non-rubber industries, and carbon black products including N100 to N700 series [2] Group 2 - The targeted issuance on September 15, 2025, follows a previous issuance of 268.7 million RMB on July 6, 2023, indicating ongoing capital raising efforts [2] - The company has a history of financing activities, including an IPO in June 2021 that raised 649 million RMB and other equity financing efforts in December 2018 [2]

Group 1 - The company held its third board meeting on February 27, 2025, where it approved a proposal to authorize the board to issue shares to specific targets through a simplified procedure [1] - The proposal was subsequently approved at the annual shareholders' meeting on March 20, 2025, leading to a successful stock issuance and an increase in registered capital by 14.170996 million yuan, from 202.355964 million yuan to 216.526960 million yuan [1] - The company has completed the necessary business registration and filing procedures, receiving a new business license from the Weifang Market Supervision Administration [1] Group 2 - The updated business license indicates the company's unified social credit code as 91370781727572181L, with a registered capital of 216,526,960 yuan [1] - The company was established on April 23, 2001, and is located at 577 Luxing Road, Qingzhou City, Shandong Province [1] - The company's business scope includes the production and sales of silica, sodium silicate, feed additives, rubber materials, electricity sales, and research and development of functional silica materials [1]

Core Points - The company, LianKe Technology, announced the successful listing of its stock through a simplified procedure aimed at specific investors for the year 2025 [1] - The registered capital of the company increased by 14.170996 million, rising from 202.355964 million to 216.526960 million [1] - The company has completed the necessary business change registration and filing procedures, obtaining a new business license from the Weifang Market Supervision Administration [1]