Group 1: LIPO Technology - The company has achieved mass production of LIPO technology products with a smartphone frame thickness reduced to 1.1mm, as seen in the vivo X300 Pro, significantly enhancing drop resistance [2] - According to Omdia, the shipment of small and medium-sized OLEDs is expected to exceed 1 billion units in 2025, covering devices like smartphones and smartwatches, indicating a promising market for LIPO technology [2] - The company is currently in the capacity and yield ramp-up phase for LIPO technology products, with applications in devices such as Xiaomi Mi Band 10 and Meizu 22 [2] Group 2: Automotive Display Business - The trend towards intelligent, large, multi-screen, high-definition, and interactive displays in vehicles is driving the adoption of Mini-LED technology as a standard in smart cockpits [3] - The average price of Mini-LED automotive backlight display modules has been on the rise in Q3, with expectations for further increases as the number and size of Mini-LED screens per vehicle grow [3] - The company successfully mass-produced and delivered Mini-LED display modules for several vehicle models, including the new models from AITO and NIO, indicating rapid growth in the automotive display sector [3]

Core Points - Longli Technology (300752) reported that as of October 31, 2025, the number of shareholders is 19,377 [1]

Core Viewpoint - Longli Technology's LIPO technology products are currently in the capacity and yield ramp-up stage, with mass production achieved in projects such as wristbands and mobile phones [1] Group 1 - The company is focused on improving product yield, efficiency, and order expansion as key tasks [1] - Longli Technology aims to advance the mass production progress of its LIPO technology products [1]

Core Insights - 隆利科技 is making significant progress in the innovative fields of automotive Mini-LED and LIPO (Liquid Polymer Packaging) technologies, with both volume and price increasing for Mini-LED products in Q3 [5] - The company anticipates that Mini-LED technology will become a standard feature in smart cockpits as automotive displays trend towards intelligence, larger screens, multi-screen setups, and high-definition [5] - The average price of Mini-LED automotive backlight display modules has shown an upward trend, and as the number and size of screens per vehicle increase, the average price and value per vehicle are expected to rise further, driving company performance [5] Mini-LED Technology - The Mini-LED automotive backlight display modules have experienced a simultaneous increase in both volume and price in Q3 [5] - The company expects that the average price and value per vehicle for Mini-LED modules will continue to rise as the number and size of screens in vehicles increase [5] - According to Omdia, the shipment of small and medium-sized OLEDs is projected to exceed 1 billion units by 2025, indicating a growing market for related technologies [5] LIPO Technology - The LIPO technology has achieved mass production, successfully reducing the smartphone bezel to 1.1mm, with improved performance and yield verified by the market [5] - The LIPO business is currently in a critical phase of ramping up capacity and yield, with a focus on improving efficiency and expanding orders [5] - The company is actively promoting the mass production of LIPO technology products as customer demand increases and application areas expand [5] AR/VR Developments - 隆利科技 has also made strides in the AR/VR sector, with its Mini-LED VR backlight products gaining recognition from clients such as Meta, Pico, and Vajor, achieving bulk deliveries [6] - The company is researching precision structural components for AI glasses, aligning with the trend of AI and hardware integration [6]

Group 1: Financial Performance - The company's gross profit margin decreased in Q3 due to product structure adjustments, but is expected to recover in Q4 as new products ramp up production and efficiency improves [4][6][10]. - In Q3, the company reported a significant increase in accounts receivable, which aligns with sales figures and has been accounted for in the financial statements [7]. - The company’s investment payments totaled 1.8 billion yuan, primarily for cash management and structured deposits [6]. Group 2: Product Development and Market Trends - The average price of Mini-LED automotive backlight display modules increased in Q3, with expectations for further growth as the number and size of Mini-LED screens in vehicles rise [2][3]. - The LIPO technology is currently in a ramp-up phase, with applications in devices like Xiaomi Mi Band 10 and Vivo X300 Pro, and aims to enhance yield and efficiency [3][4]. - According to Omdia, the shipment of small and medium-sized OLEDs is expected to exceed 1 billion units in 2025, indicating a growing market for LIPO technology [3]. Group 3: Business Strategy and Future Outlook - The company is focusing on diversifying its business with a strategy of "1+2+N," targeting core growth in mobile devices, automotive displays, and LIPO technology, while exploring new opportunities in AR/VR [8]. - The company holds an 80% market share in the LIPO packaging adhesive market, with a gross margin of 35% [3]. - Future production capacity for LIPO products will be determined based on customer demand [4][8]. Group 4: Operational Challenges - The company faced challenges in Q3 due to structural adjustments, impacting short-term profitability [6][10]. - There are ongoing efforts to attract and retain talent to support the company's growth and operational needs [6]. - The company is committed to enhancing its core competencies and optimizing resource allocation to improve overall operational efficiency and profitability [8].

特此公告。 深圳市隆利科技股份有限公司 2025 年第三季度报告披露提示性公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚假记载、误导 性陈述或者重大遗漏。 深圳市隆利科技股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日召开第三届 董事会第十九次会议，审议通过了《关于公司 2025 年第三季度报告的议案》。为使投资者全 面了解公司的经营成果、财务状况及未来发展规划等相关情况，公司董事及高级管理人员就 该报告签署了书面确认意见，公司《2025 年第三季度报告》于 2025 年 10 月 30 日在中国证 监会指定的创业板信息披露网站巨潮资讯网（http://www.cninfo.com.cn）上披露，敬请投 资者注意查阅。 证券代码：300752 证券简称：隆利科技 公告编号：2025-060 深圳市隆利科技股份有限公司 董事会 2025 年 10 月 29 日 ...

证券代码：300752 证券简称：隆利科技 公告编号：2025-061 深圳市隆利科技股份有限公司 关于举办 2025 年第三季度业绩网上说明会 并征集相关问题的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚假记载、误导 性陈述或者重大遗漏。 重要内容提示： 1、会议召开时间：2025 年 10 月 31 日（星期五）15:00-17:00 2、会议召开方式：网络互动方式 3、会议召开地点：价值在线（www.ir-online.cn） 4 、 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 10 月 31 日 前 访 问 网 址 https://eseb.cn/1so4vqL3JF6 或使用微信扫描下方小程序码进行会前提问，公司将通过本 次业绩说明会，在信息披露允许范围内就投资者普遍关注的问题进行回答。 深圳市隆利科技股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日在巨潮资 讯网上披露了 2025 年第三季度报告。为便于广大投资者更加全面深入地了解公司经营业绩、 发展战略等情况，公司定于 2025 年 10 月 31 日（星期五）15:00-17:0 ...

证券代码：300752 证券简称：隆利科技 公告编号：2025-059 深圳市隆利科技股份有限公司 第三届董事会第十九次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚假记载、误导 性陈述或者重大遗漏。 一、董事会会议召开情况 深圳市隆利科技股份有限公司（以下简称"公司"）第三届董事会第十九次会议通知于 2025 年 10 月 24 日以电话和邮件的方式向全体董事送达。会议于 2025 年 10 月 29 日上午 10： 00 在深圳市龙华区大浪街道高峰社区鹊山路光浩工业园 G 栋公司会议室以现场表决和通讯 表决的方式召开。本次会议应出席董事 7 人，实际出席董事 7 人，其中以现场方式出席并参 与表决的董事 4 人，以通讯方式出席并参与表决的董事 3 人（李燕女士、钱可元先生、段礼 乐先生）。本次会议由公司董事长吴新理先生主持，部分高管列席了本次会议。本次会议的 召集、召开程序符合法律、行政法规、部门规章、《公司章程》和《董事会议事规则》等规 定，会议形成的决议合法有效。 二、董事会会议审议情况 本次会议以记名方式投票表决，审议并通过以下事项： 表决结果：同意 7 票，反对 0 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥382,207,388.95, representing an increase of 18.99% compared to the same period last year[4]. - The net profit attributable to shareholders decreased by 92.48% to ¥2,031,062.89, while the net profit after deducting non-recurring gains and losses was -¥882,668.10, a decline of 103.77%[4]. - The total profit decreased by 41.75%, mainly due to a decline in gross profit margin[10]. - Net profit for the current period was ¥46,320,886.81, a decrease of 40.0% from ¥77,088,098.90 in the previous period[26]. - The company's equity attributable to shareholders increased to ¥1,218,483,706.19, up from ¥1,180,022,518.09, representing a growth of 3.2%[23]. - The company reported a comprehensive income total of ¥45,859,155.34, compared to ¥76,916,755.91 in the prior period, indicating a decline of 40.5%[27]. Cash Flow - The cash flow from operating activities showed a significant decline of 67.36%, totaling ¥101,600,448.14 year-to-date[9]. - Cash inflow from investment activities totaled CNY 1,660,735,552.70, significantly higher than CNY 509,739,959.86 in the previous period, representing an increase of approximately 226.36%[29]. - Cash inflow from financing activities was CNY 76,766,525.00, compared to CNY 5,517,060.47 in the previous period, marking an increase of approximately 1,290.73%[29]. - The ending balance of cash and cash equivalents decreased to CNY 215,304,064.50 from CNY 351,260,475.08 in the previous period, a decline of approximately 38.73%[29]. - Net cash outflow from operating activities was CNY 101,600,448.14, down from CNY 311,303,304.57 in the previous period, indicating a decrease of about 67.32%[29]. Assets and Liabilities - Total assets increased by 10.84% to ¥2,193,879,232.25 compared to the end of the previous year[4]. - Total liabilities rose to ¥974,924,560.33, an increase of 22.0% from ¥798,752,446.18 in the previous year[23]. - The company's inventory rose by 33.87%, attributed to an increase in raw material stockpiling[10]. - Trading financial assets increased significantly to ¥180,000,000.00 from ¥15,010,250.00[21]. - Accounts receivable slightly decreased to ¥508,773,136.33 from ¥517,232,890.27[21]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 18,688[12]. - Wu Xinli holds 41.08% of the company's shares, totaling 93,875,013 shares[12]. - The company repurchased 3,207,200 shares, accounting for 1.40% of the current total share capital[13]. - The number of shares held by the top ten shareholders does not include shares lent through margin trading[12]. - The company has no known relationships or concerted actions among other shareholders[13]. Expenses and Investments - Research and development expenses for the current period were ¥57,563,258.87, slightly down from ¥58,439,804.28 in the previous period[26]. - Cash paid to employees rose to CNY 166,474,257.03 from CNY 117,181,548.09, an increase of approximately 42.09%[29]. - The company experienced a substantial increase in tax payments, which rose to CNY 59,542,666.39 from CNY 9,459,935.54, indicating an increase of approximately 530.73%[29]. Future Plans - The company plans to implement an employee stock ownership plan in 2024[18]. - The company announced changes to its registered capital and business scope on August 22, 2025[19].

Core Insights - Nova Star Cloud reported third-quarter revenue of 882 million yuan, representing a year-over-year increase of 9.13% [1] - The net profit for the third quarter was 151 million yuan, showing a year-over-year growth of 10.90% [1] - For the first three quarters, the total revenue reached 2.415 billion yuan, reflecting a year-over-year increase of 1.84% [1] - The net profit for the first three quarters was 445 million yuan, which is a decline of 3.34% compared to the previous year [1]