Core Insights - The report highlights the growth in the printing and recording media reproduction industry in China, with the number of enterprises increasing by 138 to a total of 7,097, representing a year-on-year growth of 1.98% as of January to September 2025 [1] Industry Overview - The printing and recording media reproduction industry now accounts for 1.36% of the total industrial enterprises in China [1] - The threshold for scale enterprises has been raised from an annual main business income of 5 million to 20 million yuan since 2011, indicating a shift in industry standards [1] Market Research - The report titled "2026-2032 China Printing Industry Market Special Survey and Investment Prospects Analysis Report" was published by Zhiyan Consulting, a leading industry consulting firm in China [1] - Zhiyan Consulting has been dedicated to industry research for over a decade, providing comprehensive industry research reports, business plans, feasibility studies, and customized services [1]

证券日报网讯龙利得11月12日在互动平台回答投资者提问时表示，截至2025年11月10日公司股东总户数 为17，718户。 （文章来源：证券日报） ...

Market Overview - The packaging and printing sector increased by 0.49% on November 11, with Zhongrui Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4002.76, down 0.39%, while the Shenzhen Component Index closed at 13289.0, down 1.03% [1] Top Gainers in Packaging and Printing Sector - Zhongjin Co., Ltd. (002374) closed at 3.83, up 10.06% with a trading volume of 1.4812 million shares and a transaction value of 559 million [1] - Jinfutech (003018) closed at 13.95, up 6.33% with a trading volume of 184,500 shares and a transaction value of 259 million [1] - Xiyue Xihang (301198) closed at 13.54, up 3.99% with a trading volume of 56,400 shares [1] Market Capital Flow - The packaging and printing sector experienced a net outflow of 90.602 million from institutional investors and 46.3644 million from retail investors, while individual investors saw a net inflow of 137 million [2] - The overall market sentiment indicates a mixed response, with institutional and retail investors showing different trends in capital flow [2] Individual Stock Capital Flow - Zhongrui Co., Ltd. had a net inflow of 39.7145 million from institutional investors, while retail investors experienced a net outflow of 20.9648 million [3] - Jinfutech saw a net inflow of 38.9645 million from institutional investors, with retail investors also facing a net outflow of 25.6692 million [3] - Kangxin New Materials (600076) had a net inflow of 10.2201 million from institutional investors, while retail investors had a net outflow of 2.7362 million [3]

Market Overview - The packaging and printing sector increased by 0.14% on November 6, with Zhongxin Co. leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Top Gainers in Packaging and Printing Sector - Zhongzheng Co. (603091) closed at 80.09, up 6.66% with a trading volume of 16,300 lots and a turnover of 129 million [1] - Dongfeng Group (601515) closed at 4.99, up 3.96% with a trading volume of 717,500 lots and a turnover of 356 million [1] - Yutong Technology (002831) closed at 27.39, up 3.12% with a trading volume of 79,200 lots and a turnover of 213 million [1] Top Losers in Packaging and Printing Sector - Zhongjin Co. (002374) closed at 3.16, down 4.53% with a trading volume of 1,117,200 lots and a turnover of 356 million [2] - Hongxing Packaging (002228) closed at 3.50, down 2.78% with a trading volume of 127,870 lots and a turnover of 97.8 million [2] - Wangzi New Materials (002735) closed at 16.86, down 2.43% with a trading volume of 455,200 lots and a turnover of 763 million [2] Capital Flow Analysis - The packaging and printing sector experienced a net outflow of 264 million from institutional investors, while retail investors saw a net inflow of 168 million [2] - Notable net inflows from retail investors were observed in Longlide (300883) and Yutong Technology (002831) [3] Individual Stock Capital Flow - Longlide (300883) had a net outflow of 24.84 million from institutional investors, with a retail net outflow of 22.79 million [3] - Shunhao Co. (002565) saw a net inflow of 17.79 million from institutional investors, while retail investors had a net outflow of 9.32 million [3] - Yutong Technology (002831) recorded a net inflow of 15.28 million from institutional investors, with retail investors experiencing a net outflow of 9.61 million [3]

Group 1: Core Insights - The company is a well-known player in the paper packaging industry, focusing on advanced manufacturing applications, smart manufacturing, and the design and development of packaging containers [1] - The company is transitioning from traditional transport packaging to high-value consumer packaging, leveraging automation and strong R&D capabilities to create a diverse product line including corrugated boxes, paper bags, and cups [1][2] - The company is optimizing its product and customer structure by expanding its product line to include eco-friendly options and targeting a more diverse customer base across various sectors such as personal care, high-end equipment, and beverages [2] Group 2: Industry Trends - The printing and packaging industry in China is experiencing steady growth, with 10.9 million printing enterprises and a total output value of 1.5 trillion yuan, reflecting a year-on-year growth of 2.3% and 3.9% respectively [2] - The industry is moving towards more refined, high-quality, and personalized packaging products, with a focus on functionality and diversity [2] Group 3: Technological Advancements - The company is advancing its modernization and digitalization efforts, with the completion of the Shanghai "Longlide Cultural Innovation Park" and the upcoming launch of the Anhui Mingguang Longlide Green Intelligent Cultural Innovation Park [3] - These initiatives aim to enhance the company's market position by integrating digital technologies such as big data, blockchain, and IoT into its operations [3] Group 4: Financial Projections - The company is projected to achieve revenues of 869 million yuan, 935 million yuan, and 1.021 billion yuan from 2025 to 2027, with net profits of 1 million yuan, 11 million yuan, and 14 million yuan respectively [4] - The current stock price corresponds to a high price-to-earnings ratio, indicating strong market expectations for future growth [4]

Core Viewpoint - Longlide, established in 2010 and listed in 2020, operates in the domestic paper packaging industry, specializing in corrugated boxes and boards, and offers customized packaging solutions [1] Group 1: Business Performance - In Q3 2025, Longlide reported revenue of 643 million yuan, ranking 16th among 21 companies in the industry, with the top company, Yutong Technology, generating 12.601 billion yuan [2] - The net profit for the same period was 388,900 yuan, placing Longlide 17th in the industry, while the leading company, Yutong Technology, had a net profit of 1.161 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Longlide's debt-to-asset ratio was 44.53%, higher than the industry average of 35.30%, and increased from 36.39% in the previous year [3] - The gross profit margin for Longlide was 14.31%, below the industry average of 21.53%, but showed a slight improvement from 13.70% in the previous year [3] Group 3: Executive Compensation - The chairman and general manager, Xu Longping, received a salary of 971,900 yuan in 2024, an increase of 302,700 yuan from 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders for Longlide was 17,600, a decrease of 0.82% from the previous period, while the average number of circulating A-shares held per shareholder increased by 0.83% to 18,800 [5]

Core Viewpoint - Longlide (300883.SZ) reported a decline in institutional ownership in its Q3 2025 report, with a total of 5 institutional investors holding 66.73 million shares, representing 19.29% of the total share capital, down 9.63 percentage points from the previous quarter [1] Institutional Investors - As of October 27, 2025, 5 institutional investors disclosed their holdings in Longlide, totaling 66.73 million shares, which is 19.29% of the company's total shares [1] - The institutional investors include Shanghai Longerli Investment Development Co., Ltd., Chuzhou Junyuan Venture Capital Center (Limited Partnership), Longlide Intelligent Technology Co., Ltd. - 2024 Employee Stock Ownership Plan, Beijing Ruice Investment Management Co., Ltd. - Ruice Multi-Strategy Phase III Private Securities Investment Fund, and J.P. Morgan Securities PLC - proprietary funds [1] - The institutional ownership percentage decreased by 9.63 percentage points compared to the previous quarter [1] Public Funds - In this period, 43 public funds were not disclosed compared to the previous quarter, including CITIC Prudential Multi-Strategy Mixed (LOF) A, Huaxia CSI 500 Index Enhanced A, Nuoan Multi-Strategy Mixed A, Guojin Quantitative Multi-Factor A, and Huaxia CSI 500 Index Smart Selection Enhanced A [1] Foreign Investment - One new foreign institution disclosed its holdings this quarter, J.P. Morgan Securities PLC - proprietary funds [1] - The foreign institution that was not disclosed compared to the previous quarter is BARCLAYS BANK PLC [1]

Group 1 - The core point of the article is that Longlide (SZ 300883) reported its third-quarter performance, showing a revenue increase but a significant decline in net profit [1] Group 2 - For the third quarter of 2025, Longlide's revenue was approximately 643 million yuan, representing a year-on-year increase of 12.68% [1] - The net profit attributable to shareholders was about 360,000 yuan, reflecting a year-on-year decrease of 93.05% [1] - Basic earnings per share were 0.001 yuan, down 93.33% compared to the previous year [1] Group 3 - As of the report, Longlide's market capitalization stood at 2.4 billion yuan [2]

Core Insights - Longlide (300883.SZ) reported a revenue of 643 million yuan for the first three quarters of 2025, representing a year-on-year growth of 12.68% [1] - The net profit attributable to shareholders of the listed company was 359,500 yuan, a significant decrease of 93.05% year-on-year [1] - The net loss attributable to shareholders after excluding non-recurring gains and losses was 759,000 yuan [1] - Basic earnings per share stood at 0.001 yuan [1]

Core Insights - Longlide (300883.SZ) reported a revenue of 643 million yuan for the first three quarters of 2025, representing a year-on-year growth of 12.68% [1] - The net profit attributable to shareholders of the listed company was 359,500 yuan, a significant decrease of 93.05% year-on-year [1] - The net loss attributable to shareholders after excluding non-recurring gains and losses was 759,000 yuan [1] - Basic earnings per share stood at 0.001 yuan [1]