Financial Performance - The company's revenue for Q3 2025 was ¥195,680,114.90, a decrease of 2.88% compared to the same period last year[5] - The net profit attributable to shareholders was -¥14,978,429.92, representing a decline of 30.23% year-over-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥15,103,080.34, down 30.41% from the previous year[5] - Total operating revenue for the current period was ¥535,882,864.12, a decrease of 8.1% compared to ¥583,223,589.80 in the previous period[20] - Operating profit for the current period was -¥13,288,027.71, an improvement from -¥55,642,145.78 in the previous period[21] - Net profit for the current period was -¥12,351,449.59, compared to -¥42,795,192.20 in the previous period, indicating a significant reduction in losses[21] - Basic and diluted earnings per share were both -¥0.15, an improvement from -¥0.47 in the previous period[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,916,474,855.88, a decrease of 5.55% from the end of the previous year[5] - The company's total liabilities included a significant increase in notes payable, which rose by 371.43% to ¥6,600,000.00[10] - Total current assets decreased from CNY 1,684,311,514.46 to CNY 1,579,554,502.10, a reduction of approximately 6.2%[16] - Total liabilities decreased from CNY 2,029,038,724.84 to CNY 1,916,474,855.88, a reduction of approximately 5.5%[17] - Total liabilities decreased to ¥1,090,787,509.30 from ¥1,190,895,383.73, reflecting a reduction in financial obligations[18] - Total equity attributable to shareholders decreased slightly to ¥826,237,534.76 from ¥839,844,075.23[18] Cash Flow - The cash flow from operating activities for the year-to-date was ¥22,902,882.81, an increase of 113.57% compared to the same period last year[5] - Cash inflow from operating activities was ¥385,027,200.58, an increase from ¥350,780,822.30 in the previous period[23] - Cash paid for purchasing goods and services was ¥177,566,450.28, down from ¥285,618,752.72 in the previous period[23] - The net cash flow from operating activities was $22,902,882.81, a significant improvement compared to a negative cash flow of $168,768,525.70 in the previous period[24] - Cash paid to employees was $101,194,419.78, compared to $116,441,345.88 in the previous period[24] - Cash paid for taxes was $16,165,092.19, down from $25,046,932.59[24] Investments and Financing - The investment income for the year-to-date was -¥1,557,867.56, a decline of 547.48% compared to the previous year[10] - Cash inflow from financing activities totaled $336,514,872.38, a decrease from $428,439,656.26[24] - The net cash flow from financing activities was -$37,100,081.06, contrasting with a positive flow of $117,255,667.85 in the prior period[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,426[13] - The largest shareholder, Qingdao Langjin Group Co., Ltd., holds 20.72% of shares, totaling 19,035,000 shares, with 10,600,000 shares pledged and 2,700,000 shares frozen[13] Operational Metrics - The company reported a significant reduction in research and development expenses to ¥35,001,502.53 from ¥44,593,243.30, indicating a potential shift in strategic focus[21] - The company has not reported any new product developments or market expansion strategies in the current period[15] Changes in Assets - Cash and cash equivalents decreased from CNY 170,715,831.53 to CNY 150,316,671.40, a decline of about 11.9%[16] - Accounts receivable decreased from CNY 1,087,739,414.14 to CNY 1,058,293,693.31, a decrease of approximately 2.7%[16] - Inventory decreased from CNY 224,742,456.41 to CNY 216,179,419.11, a decline of about 3.8%[17] - Long-term receivables decreased from CNY 5,885,430.17 to CNY 2,758,969.99, a reduction of approximately 53.2%[17] - Total non-current assets decreased from CNY 344,727,210.38 to CNY 336,920,353.78, a decline of about 2.6%[17] Other Financial Metrics - Total operating costs decreased to ¥541,937,582.39, down 12.8% from ¥621,505,965.00 in the previous period[20] - The cash flow from financing activities showed a significant decrease of 131.64%, totaling -¥37,100,081.06, due to reduced financing from long-term liabilities[11] - The net cash flow from investing activities was negative at -$8,106,001.78, compared to -$11,187,528.27 previously[24] - The ending cash and cash equivalents balance was $134,398,087.30, up from $15,278,265.32[24] - Cash received from other investment activities was $244,238,525.48, with no prior comparison available[24] - The impact of exchange rate changes on cash and cash equivalents was $103,745.85, compared to $493,215.74 previously[24]

Core Insights - The rail transit equipment sector experienced a slight increase of 0.08% on October 28, with Lei Erwei leading the gains [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] Sector Performance - Lei Erwei (301016) saw a significant increase in closing price to 22.20, up 10.39%, with a trading volume of 118,800 shares and a transaction value of 259 million [1] - Other notable performers included Bid Technology (605298) with a closing price of 45.01, up 1.95%, and Tieda Technology (920541) at 15.49, up 1.31% [1] - The overall trading volume and transaction values for various companies in the sector were detailed, indicating active trading [1] Capital Flow - The rail transit equipment sector experienced a net outflow of 30.83 million from institutional investors, while retail investors saw a net outflow of 31.06 million [2] - Conversely, speculative funds recorded a net inflow of 61.89 million, indicating a mixed sentiment among different investor types [2] Individual Stock Capital Flow - Bid Technology (605298) had a net inflow of 67.71 million from institutional investors, while it faced a net outflow of 82.53 million from retail investors [3] - Lei Erwei (301016) recorded a net inflow of 13.37 million from institutional investors but a net outflow of 27.41 million from retail investors [3] - The data reflects varying levels of investor confidence and activity across different stocks within the sector [3]

Group 1 - The core issue is that Shandong Langjin Technology Co., Ltd. was fined 8,000 yuan by the State Taxation Administration of Jinan for fabricating false tax basis [1] - Langjin Technology is a high-tech enterprise established in 2000, specializing in advanced variable frequency energy-saving core technology and refrigeration system control technology [1] - The company was listed on the Shenzhen Stock Exchange's Growth Enterprise Market in June 2019, with a registered capital of 91.87345 million yuan and over 1,000 employees [1]

Group 1 - The lawsuit for investor compensation against Langjin Technology has been filed in Jinan Intermediate People's Court, with further cases being prepared by the legal team [1] - The China Securities Regulatory Commission (CSRC) has initiated an investigation into Langjin Technology and its actual controller, Li Jingmao, for suspected violations of information disclosure laws [1] - Investors who purchased Langjin Technology stock before August 28, 2025, and sold or held it after that date may still initiate claims for compensation [1] Group 2 - The investor compensation case against Sudavige has made significant progress, with the court issuing a ruling in favor of investors [2] - Sudavige misled investors by inaccurately describing its lithography equipment as being used for chip manufacturing, which led to a 20% increase in stock price after a misleading response to investor inquiries [2] - Investors who bought Sudavige stock on September 14, 2023, and sold or held it after September 15, 2023, may also initiate claims for compensation based on previous favorable rulings [2]

Core Viewpoint - The rail transit equipment sector experienced a decline of 0.44% on October 22, with major stocks like Times Electric leading the drop, while the overall market indices also showed slight decreases [1] Market Performance - The Shanghai Composite Index closed at 3913.76, down 0.07% - The Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance in Rail Transit Equipment Sector - 九州一轨 (Code: 688485) closed at 15.68, up 9.42% with a trading volume of 85,700 shares and a transaction value of 130 million yuan - 交大铁发 (Code: 920027) closed at 27.29, up 2.29% with a trading volume of 20,900 shares and a transaction value of 57.17 million yuan - 神州高铁 (Code: 000008) closed at 2.92, up 1.04% with a trading volume of 656,300 shares and a transaction value of 192 million yuan - 铁大科技 (Code: 920541) closed at 15.71, up 1.03% with a trading volume of 28,400 shares and a transaction value of 4.49 million yuan - 高铁电气 (Code: 688285) closed at 9.10, up 1.00% with a trading volume of 27,900 shares and a transaction value of 2.53 million yuan - 科安达 (Code: 002972) closed at 12.81, up 0.95% with a trading volume of 44,200 shares and a transaction value of 56.51 million yuan - 朗进科技 (Code: 300594) closed at 18.36, up 0.82% with a trading volume of 24,300 shares and a transaction value of 44.58 million yuan - 鼎汉技术 (Code: 300011) closed at 7.92, up 0.76% with a trading volume of 67,300 shares and a transaction value of 53.40 million yuan - 康尼机电 (Code: 603111) closed at 7.94, up 0.76% with a trading volume of 98,600 shares and a transaction value of 78.53 million yuan - 交大思诺 (Code: 300851) closed at 27.30, up 0.66% with a trading volume of 8,460 shares and a transaction value of 23.05 million yuan [1] Capital Flow Analysis - The rail transit equipment sector saw a net outflow of 211 million yuan from institutional investors - Retail investors contributed a net inflow of 129 million yuan, while speculative funds saw a net inflow of 82.54 million yuan [1]

Core Points - Langjin Technology (300594) announced the resignation of director Zhang Guanghua due to personal reasons [1] - Following his resignation, Zhang Guanghua will no longer hold any positions within the company [1] Summary by Category - **Company Announcement** - The board of directors received a resignation report from Zhang Guanghua [1] - Zhang Guanghua applied to resign from his positions as director and member of the remuneration and assessment committee [1] - **Impact on Company Structure** - After resigning, Zhang Guanghua will not hold any roles within the company [1]

Group 1 - Zhang Guanghua has resigned from his positions as a director and a member of the Compensation and Assessment Committee of Langjin Technology due to personal reasons [1] - After resigning, Zhang Guanghua will no longer hold any position within the company [1] - As of the report, Langjin Technology has a market capitalization of 1.6 billion yuan [1]

Core Viewpoint - The resignation of Zhang Guanghua from the board of directors and the remuneration and assessment committee is due to personal reasons, and it will not affect the normal operations of the company [1] Company Updates - Zhang Guanghua submitted his resignation report to the board, effective immediately upon delivery [1] - Zhang Guanghua does not hold any shares in the company, nor do his spouse or other related parties [1] - The company will expedite the process of selecting a new director and related follow-up work [1]

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，不存在虚 假记载、误导性陈述或重大遗漏。 一、董事辞职的情况 山东朗进科技股份有限公司（以下简称"公司"）董事会于近日收到董事张 光华先生的辞职报告，张光华先生因个人原因，向公司董事会申请辞去董事及薪 酬与考核委员会委员职务，辞去上述职务后，张光华先生将不再担任公司的任何 职务。 张光华先生作为公司第六届董事会董事、薪酬与考核委员会委员原定任期至 第六届董事会任期届满之日止。根据《公司法》及《公司章程》的有关规定，上 述辞职申请自送达董事会之日起生效。张光华先生的辞职未导致公司董事会成员 低于法定人数，不会影响公司正常经营。公司将按照相关法律法规和《公司章程》 的规定，尽快完成董事补选等相关后续工作。 证券代码：300594 证券简称：朗进科技 公告编号：2025-068 山东朗进科技股份有限公司 关于董事辞职的公告 截至本公告披露日，张光华先生未持有公司股票，其配偶或其他关联人未持 有公司股票。截至本公告披露日，张光华先生不存在应当履行而未履行的承诺事 项。 公司及公司董事会对张光华先生在担任公司董事期间对公司的贡献表示衷 心的感谢。 特此公告。 山 ...

Group 1 - The lawsuit for investor compensation against Langjin Technology (300594) has been filed in court, with further cases being prepared by the legal team [1] - The China Securities Regulatory Commission (CSRC) has issued a notice of investigation against Langjin Technology and its actual controller, Li Jingmao, for suspected violations of information disclosure laws [1] - Investors who purchased Langjin Technology shares before August 28, 2025, and sold or held them after that date may still initiate claims for compensation [1] Group 2 - The investor compensation case against Yongyue Technology (603879) is also ongoing, following the CSRC's administrative penalty decision issued on August 15, 2024 [2] - Yongyue Technology was found to have made misleading statements in its major contract announcements and failed to disclose related party non-operating fund occupation and significant omissions in periodic reports [2] - Investors who bought Yongyue Technology shares between August 28, 2023, and September 18, 2023, or between March 20, 2022, and October 12, 2023, may also initiate claims for compensation [2]