Core Viewpoint - The company, Lianjian Technology (301115.SZ), currently does not engage in fuel cell testing, focusing instead on automotive testing services through its subsidiary, Guanbiao Testing [2]. Group 1: Company Services - Lianjian Technology provides automotive testing services primarily through its subsidiary, Guanbiao Testing [2]. - Guanbiao Testing has comprehensive testing capabilities in various fields, including automotive materials, environmental reliability, electrical performance, and electromagnetic compatibility (EMC) [2]. - The company has obtained third-party testing access qualifications from several major automotive manufacturers, including General Motors, Volkswagen, NIO, Li Auto, JAC Motors, Geely, Leap Motor, and Chery [2].

Core Viewpoint - The company, Lianjian Technology (301115.SZ), currently does not engage in fuel cell testing, focusing instead on automotive testing services through its subsidiary, Guanbiao Testing [1] Group 1: Company Services - The company's automotive testing services are primarily provided by its subsidiary, Guanbiao Testing [1] - Guanbiao Testing possesses comprehensive testing capabilities in various fields, including automotive materials, environmental reliability, electrical performance, and electromagnetic compatibility (EMC) [1] Group 2: Clientele and Qualifications - Guanbiao Testing has obtained third-party testing access qualifications from several automotive manufacturers, including General Motors, Volkswagen, NIO, Li Auto, JAC Motors, Geely, Leap Motor, and Chery [1]

Core Viewpoint - The company, Lianjian Technology (301115.SZ), currently does not engage in semiconductor testing and operates in various sectors including new energy, dual carbon, food and agricultural products, environment, automotive parts, electronics, industrial products, consumer goods, healthcare, construction engineering, special equipment, urban safety, and information technology [1] Summary by Categories Business Scope - The company’s business encompasses multiple fields such as new energy, dual carbon initiatives, food and agricultural products, environmental services, automotive components, electronics, industrial products, consumer goods, healthcare, construction engineering, special equipment, urban safety, and information technology [1]

Core Viewpoint - The company, Lianjian Technology (301115.SZ), currently does not engage in fuel cell testing, focusing instead on automotive testing services through its subsidiary, Guanbiao Testing [1] Group 1: Company Services - The company's automotive testing services are primarily provided by its subsidiary, Guanbiao Testing [1] - Guanbiao Testing possesses comprehensive testing capabilities in various fields, including automotive materials, environmental reliability, electrical performance, and electromagnetic compatibility (EMC) [1] - The company has obtained third-party testing access qualifications from several automotive manufacturers, including General Motors, Volkswagen, NIO, Li Auto, JAC Motors, Geely, Leap Motor, and Chery [1]

Core Insights - On November 4, six A-share listed companies disclosed share buybacks, including Huakai Yibai, Midea Group, and Ningde Times [1] - Seventeen A-share listed companies announced share reductions, including Yinghe Technology and Tianhe Solar [1] Buyback Summary - Huakai Yibai: Director Zhuang Junchao plans to buy back at least 30 million yuan worth of shares [2] - Midea Group: Has repurchased A-shares totaling 9.575 billion yuan [2] - Qingyue Technology: Actual controller Gao Yudi proposed a buyback of 10 million to 20 million yuan [2] - Shenzhen Ruijie: Obtained a commitment letter for a special loan for stock buyback [2] - Ningde Times: As of October 31, has repurchased 15.9908 million shares for a total amount of 4.386 billion yuan [2] - Huarong Co.: Plans to buy back shares worth 40 million to 125 million yuan [2] Reduction Summary - Yinghe Technology: Director Wang Jun plans to reduce holdings by no more than 2,700 shares [2] - Shenzhou Information: Shareholder Shen Chang Technology has completed the reduction of 9.5 million shares [2] - Tianhe Solar: Youze Venture Capital reduced holdings by 12.4749 million shares from September 5 to November 3 [2] - Hongbai New Materials: Shareholder Xinyu Baolong plans to reduce no more than 3% of shares [2] - Guobo Electronics: Shareholder Zhongdian Ke Guomi plans to reduce no more than 2% of shares [2] - Aorite: Shareholder Tiantai Boren plans to reduce no more than 0.25% of shares [2] - Yinuosi: Shareholder Zhangjiang Biomedical Base plans to transfer 4.2294 million shares, accounting for 3% of total equity [2] - Founder Securities: Third-largest shareholder China Cinda plans to reduce no more than 1% of shares [2] - Nine Company: Depository receipt holders plan to reduce no more than 0.04% of depository receipts [2] - Ningbo Zhongbai: Shareholder Zhang Jiangbo plans to reduce no more than 1% of shares [2] - Fudan Zhangjiang: Shareholder Yang Zongmeng plans to reduce no more than 1% of shares [2] - Liqun Co.: Director and executive Hu Peifeng plans to reduce no more than 0.08% of shares [2] - Suli Co.: Shareholder Jiesheng Investment plans to reduce no more than 0.48% of shares [2] - Shengkong Co.: Shareholder More Light plans to reduce no more than 2% of shares [2] - Ruihua Tai: Shareholder Hangke New Century plans to reduce no more than 1% of shares [2] - Shentong Technology: Directors Wang Huan and Zhou Baocong plan to reduce no more than 0.0473% of shares [2] - Huapei Niuwu: Shareholder Guoshou Chengda plans to reduce no more than 2% of shares [2]

Group 1 - The core point of the article is that Lianjian Technology (SZ 301115) held its 25th meeting of the 5th Board of Directors on October 28, 2025, to review the proposal for the 2025 Q3 report [1] - For the year 2024, Lianjian Technology's revenue composition is as follows: 82.46% from professional technical services, 15.82% from non-metallic mineral products, and 1.71% from software and information technology services [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market transformation and a new "slow bull" pattern emerging [1]

Core Insights - The company reported a revenue of 371,235,075.20 yuan for the third quarter of 2025, representing a year-on-year growth of 3.42% [2] - The net profit attributable to shareholders reached 10,098,887.50 yuan, showing a significant year-on-year increase of 252.41% [2] Financial Performance - Revenue for Q3 2025: 371.24 million yuan, up 3.42% year-on-year [2] - Net profit for Q3 2025: 10.10 million yuan, up 252.41% year-on-year [2]

Core Viewpoint - Lingjian Technology (301115.SZ) reported a revenue of 1.012 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 6.23% [1] - The net profit attributable to shareholders reached 35.0052 million yuan, marking a significant year-on-year increase of 67.12% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 9.5775 million yuan, showing a remarkable year-on-year growth of 292.00% [1] - The basic earnings per share stood at 0.19 yuan [1] Financial Performance - Revenue for the first three quarters: 1.012 billion yuan, up 6.23% year-on-year [1] - Net profit attributable to shareholders: 35.0052 million yuan, up 67.12% year-on-year [1] - Net profit after deducting non-recurring items: 9.5775 million yuan, up 292.00% year-on-year [1] - Basic earnings per share: 0.19 yuan [1]

Core Viewpoint - The financial performance of Lianjian Technology shows a stable recovery with a significant increase in net profit and revenue growth in the first three quarters of 2025, indicating a positive operational trend [1][2]. Financial Performance - In the first three quarters of 2025, the company achieved total revenue of 1.012 billion yuan, a year-on-year increase of 6.23% [1]. - The net profit attributable to shareholders reached 35.0052 million yuan, reflecting a year-on-year growth of 67.12% [1]. - In Q3 2025 alone, the company reported revenue of 371 million yuan and a net profit of 10.0989 million yuan, with a remarkable year-on-year increase of 252.42% [1]. Business Structure Optimization - The company has actively adjusted its business structure in the traditional construction testing sector, reducing the proportion of low-value-added businesses and reallocating resources to high-potential segments [2]. - Lianjian Technology has expanded into emerging testing sectors such as automotive, electronics, food, and water conservancy, forming a multi-field collaborative and cross-cycle business layout [2]. Automotive Testing Sector - The automotive testing sector has shown particularly strong performance, with the company acquiring "Guanbiao Testing" to solidify its business foundation [3]. - The company has obtained third-party testing qualifications for major domestic and international automotive brands, covering both traditional fuel vehicles and new energy vehicles [3]. - Since 2025, the order volume for automotive testing has rapidly increased, becoming a key driver to offset pressures from traditional business [3]. International Expansion - Lianjian Technology is deepening its global presence, particularly in "Belt and Road" markets, with operational bases established in Vietnam, Laos, Thailand, and Indonesia [4]. - The company has outlined a "three-phase internationalization strategy" focusing initially on local operations in "Belt and Road" regions, followed by expansion into mature technology markets in Europe and the U.S. [4]. Future Outlook - The company aims to capitalize on three major industry opportunities: the increasing penetration of new energy vehicles, the scaling of the robotics industry, and the gradual liberalization of low-altitude economy policies [5]. - Lianjian Technology plans to integrate its resources in testing certification, new material development, and IoT sensing to enhance its capabilities in emerging businesses [5]. - The strategic goal is to transition from a regional testing institution to a global comprehensive technology service provider, thereby enhancing long-term competitiveness [5].

Core Points - The company, Lianjian (Jiangsu) Technology Co., Ltd., has approved the 2025 Q3 report and the Securities Investment Management System to enhance information disclosure and investment practices [1][2][3]. Group 1: Q3 Report Compliance - The board confirmed that the preparation and review process of the 2025 Q3 report complies with the Company Law, Securities Law, and relevant regulations of the Shenzhen Stock Exchange, ensuring the report accurately reflects the company's operational status without any false statements or omissions [2]. - The report was approved unanimously by the board's audit and compliance management committee with a vote of 9 in favor, 0 against, and 0 abstentions [2]. Group 2: Securities Investment Management System - The newly established Securities Investment Management System aims to regulate investment behaviors and enhance risk control and returns, aligning with legal frameworks and the company's specific circumstances [3]. - This system signifies a move towards more standardized and institutionalized management of external investments, providing guidelines and risk control frameworks for potential future securities investment activities [3]. - The proposal for this system also received unanimous approval from the board with 9 votes in favor [3]. Group 3: Meeting Details - The board meeting was held on October 28, 2025, chaired by Chairman Yang Jiangjin, with all 9 board members present, ensuring compliance with the Company Law and the company's articles of association [4].