Core Points - The company, Liante Technology (301205), announced the election of Mr. Yang Xianwen as the vice chairman of the second board of directors [1] Company Summary - The board of directors of Liante Technology has approved the election of Mr. Yang Xianwen to the position of vice chairman [1]

Core Insights - The company reported a revenue of 847 million yuan for the first three quarters of 2025, representing a year-on-year growth of 31.75% [1] - The net profit attributable to shareholders was 81.8 million yuan, also showing a year-on-year increase of 31.39% [1] - The basic earnings per share stood at 0.63 yuan [2] Financial Performance - The gross profit margin for the first three quarters was 34.48%, an increase of 7.21 percentage points year-on-year [2] - The net profit margin was 9.66%, slightly down by 0.03 percentage points compared to the same period last year [2] - In Q3 2025, the gross profit margin reached 42.66%, up 17.08 percentage points year-on-year and 10.40 percentage points quarter-on-quarter [2] - The net profit margin for Q3 was 13.72%, down 1.69 percentage points year-on-year but up 7.72 percentage points from the previous quarter [2] Expense Analysis - Total operating expenses for the period were 151 million yuan, an increase of 71.4 million yuan year-on-year [2] - The expense ratio was 17.80%, up 5.45 percentage points from the same period last year [2] - Sales expenses increased by 26.33%, management expenses rose by 54.38%, R&D expenses surged by 86.47%, and financial expenses skyrocketed by 128.44% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 24,900, an increase of 1,661 or 7.14% from the end of the previous half [2] - The average market value per shareholder decreased from 534,500 yuan to 504,500 yuan, a decline of 5.61% [2] Company Overview - Wuhan LianTe Technology Co., Ltd. was established on October 28, 2011, and went public on September 13, 2022 [3] - The company specializes in the R&D, production, and sales of optical communication transceiver modules, with 92.72% of its revenue coming from 10G and above optical modules [3] - The company operates within the communication equipment sector and is involved in concepts such as 5G, data centers (IDC), optical communication, and specialized new technologies [3]

武汉联特科技股份有限公司董事会 证券代码：301205 证券简称：联特科技 公告编号：2025-046 2025 年 10 月 29 日 武汉联特科技股份有限公司 2025年第三季度报告披露的提示性公告 武汉联特科技股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日召开 了第二届董事会第十四次会议，审议通过了《关于<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、财务等情况, 公司《2025 年第三季度报告》 于 2025 年 10 月 29 日刊登在中国证券监督管理委员会指定的创业板信息披露网 站巨潮资讯网（http://www.cninfo.com.cn/），敬请广大投资者注意查阅。 特此公告。 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 ...

证券代码：301205 证券简称：联特科技 公告编号：2025-045 武汉联特科技股份有限公司 关于选举副董事长的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 武汉联特科技股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日召 开第二届董事会第十四次会议，审议通过了《关于选举副董事长的议案》，现将 具体情况公告如下： 为完善公司治理结构，根据公司实际经营需要，结合《公司章程》规定，经 董事长提名，公司董事会同意选举杨现文先生为第二届董事会副董事长，任期自 第二届董事会第十四次会议审议通过之日起至第二届董事会届满之日止。 1 附件： 副董事长简历 杨现文，男，1978 年 11 月出生，中国籍，无境外永久居留权，毕业于华中 科技大学光学工程专业，硕士研究生学历。2001 年 7 月至 2011 年 1 月任职于武 汉电信器件有限公司；2011 年 10 月至 2020 年 9 月，先后任联特有限监事、副 总经理、董事。2020 年 9 月至 2025 年 10 月，任公司董事兼副总经理，现任公 司副董事长兼副总经理。 杨现文先生简历详见 ...

证券代码：301205 证券简称：联特科技 公告编号：2025-044 武汉联特科技股份有限公司 第二届董事会第十四次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 武汉联特科技股份有限公司（以下简称"公司"）第二届董事会第十四次会议 于 2025 年 10 月 27 日在公司会议室以现场结合通讯会议的方式召开。本次董事 会会议通知于 2025 年 10 月 23 日通过电子邮件等方式送达各位董事，本次董事 会应出席董事 9 人，实际出席董事 9 人，会议由公司董事长张健先生主持。 一、审议通过《关于<2025 年第三季度报告>的议案》 董事会认为公司《2025 年第三季度报告》的编制程序符合法律、行政法规 和中国证监会的规定，报告内容真实、准确、完整地反映了公司的实际情况，不 存在任何虚假记载、误导性陈述或者重大遗漏。 本议案已经公司董事会审计委员会审议通过。 《2025 年第三季度报告》具体内容披露于证监会指定信息披露网站巨潮资 讯网（www.cninfo.com.cn）。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 二、审议通过《 ...

Market Overview - On October 28, the communication equipment sector rose by 0.01% compared to the previous trading day, with LianTe Technology 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] Top Gainers in Communication Equipment - LianTe Technology (301205) closed at 112.60, up 15.12% with a trading volume of 197,900 shares and a transaction value of 2.167 billion [1] - DeKeLi (688205) closed at 114.10, up 7.34% with a trading volume of 145,300 shares and a transaction value of 1.647 billion [1] - YongDing Co., Ltd. (600105) closed at 16.08, up 7.06% with a trading volume of 3.0655 million shares and a transaction value of 4.942 billion [1] Top Losers in Communication Equipment - ChengTian WeiYe (300689) closed at 53.31, down 5.66% with a trading volume of 49,900 shares and a transaction value of 272 million [2] - ZhongTian Technology (600522) closed at 17.05, down 4.85% with a trading volume of 2.2863 million shares and a transaction value of 3.882 billion [2] - ZTE Corporation (000063) closed at 49.39, down 3.76% with a trading volume of 1.9606 million shares and a transaction value of 974.9 million [2] Capital Flow Analysis - The communication equipment sector experienced a net outflow of 4.818 billion from institutional investors, while retail investors saw a net inflow of 2.538 billion [2][3] - Major stocks like YongDing Co., Ltd. and LianTe Technology had varying net inflows and outflows from different investor categories [3] Individual Stock Capital Flows - YongDing Co., Ltd. had a net inflow of 464 million from institutional investors, while it faced a net outflow of 334 million from retail investors [3] - LianTe Technology saw a net inflow of 156 million from institutional investors but a net outflow of 85.229 million from retail investors [3]

Revenue and Profit - Revenue for Q3 2025 reached ¥342,460,122.64, an increase of 66.38% year-over-year[5] - Net profit attributable to shareholders was ¥46,990,869.41, up 48.09% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥44,233,753.95, reflecting a 52.69% increase year-over-year[5] - Operating revenue for the first nine months of 2025 reached ¥846,616,385.55, an increase of 31.75% compared to ¥642,590,093.64 in the same period of 2024[11] - The total profit for the period reached ¥113,745,008.60, a significant increase from ¥66,552,680.94 in the previous period, representing a growth of approximately 70.8%[25] - Net profit attributable to shareholders was ¥81,795,863.20, compared to ¥62,256,350.41 in the prior period, marking an increase of about 31.4%[25] - The total comprehensive income for the period was ¥79,328,230.66, compared to ¥63,491,021.49 in the previous period, reflecting an increase of about 25%[25] Earnings Per Share - The company's basic earnings per share for Q3 2025 was ¥0.3622, a rise of 48.07% compared to the same quarter last year[5] - Basic earnings per share increased to ¥0.6304 from ¥0.4798, representing a growth of approximately 31.4%[25] Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥2,760,635,618.69, representing a 24.37% increase from the end of the previous year[5] - The total assets as of September 30, 2025, were RMB 2,760,635,618.69, compared to RMB 2,219,646,017.54 at the beginning of the period, showing an increase of about 24%[22] - The total liabilities increased to RMB 1,174,553,907.92 from RMB 708,657,841.99, representing a growth of approximately 66%[23] Cash Flow - Cash flow from operating activities showed a net outflow of ¥107,948,830.93, a significant decline of 321.93% year-to-date[5] - Net cash flow from operating activities decreased by 321.93% to -¥107,948,830.93, compared to ¥48,640,005.74 in the previous year, primarily due to increased cash payments for goods and services[12] - Cash flow from investing activities resulted in a net outflow of ¥118,900,630.07, compared to a net outflow of ¥84,544,990.03 in the prior period[29] - Cash flow from financing activities generated a net inflow of ¥240,177,289.24, up from ¥109,628,830.79 in the previous period, indicating a growth of approximately 119.5%[29] Inventory and Receivables - Accounts receivable increased by 115.33% to ¥228,774,425.53, primarily due to higher sales[9] - Inventory levels rose by 66.47% to ¥898,474,321.13, attributed to material reserves[9] - The company's inventory at the end of the period was RMB 898,474,321.13, up from RMB 539,714,655.10, indicating an increase of about 66%[21] Research and Development - R&D expenses increased by 86.47% to ¥71,190,818.66, up from ¥38,177,350.69, reflecting a significant rise in investment in research and development[11] - The company has reported a significant increase in research and development expenses, which totaled RMB 71,190,818.66, compared to RMB 38,177,350.69 in the previous period, marking an increase of approximately 86%[24] Tax and Other Income - Tax expenses surged by 8645.19% to ¥31,949,145.40 from ¥365,333.88, indicating a significant rise in tax liabilities[11] - Other income rose by 1838.16% to ¥7,080,739.49, compared to ¥365,333.88, primarily due to compensation received during the reporting period[11] Shareholder Information - The top shareholder, Zhang Jian, holds 21.14% of the shares, amounting to 27,429,300 shares[15] - The agreement among the controlling shareholders regarding joint action will terminate on September 13, 2025, with no plans for renewal[16] Governance Changes - The company has revised its governance structure by canceling the supervisory board and updating its articles of association to comply with new regulatory requirements[18] Financial Expenses - The company reported a 128.44% increase in financial expenses to ¥3,201,251.62, up from a negative ¥11,255,288.25, mainly due to exchange rate fluctuations[11]

Core Viewpoint - The CPO concept stocks in the A-share market continue to show strong performance, with several companies reaching new historical highs in their stock prices [1]. Group 1: Stock Performance - LianTe Technology (301205) increased by 13.24%, with a total market value of 14.4 billion and a year-to-date increase of 46.78% [2]. - Jingwang Electronics (603228) hit the daily limit with a 10% increase, having a market value of 76 billion and a year-to-date increase of 184.10% [2]. - Dekeli (688205) rose by 8.89%, with a market value of 18.3 billion and a year-to-date increase of 66.20% [2]. - Yongding Co., Ltd. (600105) increased by 7.79%, with a market value of 23.7 billion and a year-to-date increase of 228.98% [2]. - Founder Technology (600601) rose by 6.84%, with a market value of 54.7 billion and a year-to-date increase of 191.80% [2]. - JepuTe (688025) increased by 4.16%, with a market value of 14.3 billion and a year-to-date increase of 218.53% [2]. - Zhongji Xuchuang (300308) rose by 3.98%, with a market value of 588 billion and a year-to-date increase of 330.63% [2]. - Xinyi Sheng (300502) increased by 3.66%, with a market value of 416.2 billion and a year-to-date increase of 409.25% [2]. - Cambridge Technology (603083) rose by 3.59%, with a market value of 41.3 billion and a year-to-date increase of 205.17% [2]. - Tianfu Communication (300394) increased by 3.22%, with a market value of 152.5 billion and a year-to-date increase of 203.14% [2]. - Sry New Materials (688102) rose by 2.60%, with a market value of 15.2 billion and a year-to-date increase of 125.09% [2]. - Tongfu Microelectronics (002156) increased by 2.18%, with a market value of 68.1 billion and a year-to-date increase of 52.21% [2]. Group 2: Historical Highs - Notable companies such as Founder Technology, Zhongji Xuchuang, Xinyi Sheng, and Sry New Materials have reached new historical highs in their stock prices [1].

Core Viewpoint - The CPO concept stocks in the A-share market continue to show strong performance, with several companies experiencing significant price increases [1] Company Performance - LianTe Technology saw a rise of over 13% - Jingwang Electronics hit the daily limit with a 10% increase - DeKeLi increased by over 8% - YongDing shares rose by over 7% - Fangzheng Technology increased by over 6% - JiePuTe rose by over 4% - Zhongji Xuchuang, Xinyi Sheng, Cambridge Technology, and Tianfu Communication all saw increases of over 3% [1] Historical Performance - Fangzheng Technology, Zhongji Xuchuang, Xinyi Sheng, and SiRui New Materials reached new historical highs [1]

Core Insights - This week, institutions have shown initial interest in 53 stocks, with 6 stocks receiving target prices [1] Group 1: Stock Ratings and Target Prices - Liante Technology (301205) received an "Overweight" rating from Huatai Securities with a target price of 107.37 CNY, while its latest closing price was 95.68 CNY [1] - Zhongrun Optical was rated "Buy" by Zheshang Securities with a target price of 66.27 CNY [1] - Other stocks mentioned include United Power (301656), Yingluohua (000795), China Shenhua (601088), BAIC Blue Valley (600733), and Cambrian [1]