Core Viewpoint - Long联科技 (301618.SZ) announced that major shareholders, including director Mai Youpan and significant shareholder Fuhai New Materials, plan to reduce their holdings by up to 4.37% of the company's total share capital [1] Shareholder Reduction Plan - The reduction plan involves shareholders holding more than 5% of the company's shares [1] - The total shares to be reduced will not exceed 4.37% of the company's total share capital [1]

Core Viewpoint - Changlian Technology (301618.SZ) announced that major shareholders, including director Mai Youpan and significant shareholder Fuhai New Materials, plan to reduce their holdings by up to 4.37% of the company's total share capital [1] Group 1 - The company received a notice of share reduction plan from shareholders holding more than 5% of the shares [1] - The reduction involves a total shareholding decrease from both Mai Youpan and Lu Runchu, who is a director and deputy general manager [1]

Core Viewpoint - Dongguan Changlian New Materials Technology Co., Ltd. (referred to as "Changlian Technology") announced a share reduction plan involving major shareholders and executives due to personal funding needs, with a total reduction not exceeding 4.37% of the company's total share capital [1][3]. Shareholder and Reduction Plan Details - The reduction involves three shareholders and executives with the following holdings and plans: - Mai Youpan: Holds 7,789,600 shares (8.6344%), plans to reduce by 1,391,000 shares (1.5419%) [2] - Fuhai New Materials: Holds 4,592,000 shares (5.0900%), plans to reduce by 1,804,317 shares (2.0000%) [2] - Lu Runchu: Holds 4,204,200 shares (4.6602%), plans to reduce by 750,750 shares (0.8322%) [2] Background and Commitment Fulfillment - The reduction is attributed to "personal funding needs" of the shareholders and executives, who have adhered to previous commitments made during the company's IPO regarding share lock-up and reduction [3] - Mai Youpan and Lu Runchu committed to not reducing shares below the adjusted issuance price and limiting annual reductions to 25% of their total holdings [3] Market Impact Notification - Changlian Technology emphasized that the reducing shareholders are not the company's controlling shareholders, and the reduction will not lead to a change in control or significantly impact ongoing operations [4] - The company will monitor compliance with relevant regulations and commitments during the reduction period, and investors are advised to pay attention to subsequent announcements [4]

Group 1 - The company Changlian Technology (SZ 301618) announced plans for share reductions by key stakeholders, including a director and a major shareholder, within three months after a 15 trading day notice period [1] - Shareholder Mai Youpan plans to reduce holdings by up to approximately 1.5419% of total shares, while the shareholder Dongfang Fuhai plans to reduce by up to 2% [1] - Director and Deputy General Manager Lu Runchu intends to reduce his holdings by up to approximately 0.8322% of total shares [1] Group 2 - For the first half of 2025, the company's revenue composition is 91.77% from industrial operations and 8.23% from other businesses [2] - The current market capitalization of Changlian Technology is 5.2 billion yuan [3]

东莞证券股份有限公司 关于对东莞长联新材料科技股份有限公司 现场培训前，东莞证券制作了培训讲义，并提前向长联科技发出了关于本次 培训的通知。本次培训中，东莞证券培训讲师通过讲解《上市公司募集资金监管 1 规则》、相关案例等要点内容，并结合纪律处分，强调了上市公司募集资金监管 的重要性。 东莞证券股份有限公司（以下简称"东莞证券"）作为东莞长联新材料科技 股份有限公司（以下简称"长联科技"）首次公开发行并上市的保荐机构，根据 《证券发行上市保荐业务管理办法》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》等法规和规则的相关规定以及长联科技的实际情况，认真 履行保荐机构应尽的职责，对长联科技的实际控制人、董事、高级管理人员及中 层以上管理人员进行了有计划、多层次的后续培训，所培训的内容严格按照中国 证券监督管理委员会及深圳证券交易所有关持续督导的最新要求进行。 2025 年 10 月 28 日，东莞证券相关人员按照要求完成了对长联科技实际控 制人、董事、高级管理人员及中层以上管理人员的持续培训工作，特向贵所报送 培训报告。 | ...

Company Overview - Longlian Technology was established on November 4, 2009, and is set to be listed on the Shenzhen Stock Exchange on September 30, 2024. The company is located in Dongguan, Guangdong Province, and specializes in the field of printing materials with advanced product technology [1]. Business Performance - In Q3 2025, Longlian Technology reported a revenue of 403 million yuan, ranking 11th among 13 companies in the industry. The industry leader, Zhejiang Longsheng, achieved a revenue of 9.671 billion yuan, while the second place, Runtu Co., Ltd., reported 4.163 billion yuan. The industry average revenue was 1.698 billion yuan, with a median of 639 million yuan [2]. - The net profit for the same period was 33.7851 million yuan, placing the company 8th in the industry. The top performer, Zhejiang Longsheng, had a net profit of 1.592 billion yuan, and Runtu Co., Ltd. reported 230 million yuan. The industry average net profit was 162 million yuan, with a median of 34.7736 million yuan [2]. Financial Ratios - As of Q3 2025, Longlian Technology's debt-to-asset ratio was 19.44%, down from 20.78% in the previous year and below the industry average of 28.88%. The gross profit margin for the same period was 29.21%, which, although lower than the previous year's 33.27%, remained above the industry average of 20.94% [3]. Executive Compensation - The chairman and general manager, Lu Kaiping, received a salary of 397,400 yuan in 2024, a slight decrease of 300 yuan from 2023 [4]. Shareholder Information - As of September 30, 2025, the number of A-share shareholders for Longlian Technology was 12,000, reflecting a decrease of 10.33% from the previous period. The average number of circulating A-shares held per shareholder increased to 2,752.99, up by 63.94% [5].

Core Insights - Long联科技 (301618.SZ) released its Q3 2025 report on October 29, 2025, indicating a total of 3 institutional investors holding shares, amounting to 12.08 million shares, which represents 13.39% of the total share capital [1] - The institutional holding percentage decreased by 0.06 percentage points compared to the previous quarter [1] - Seven public funds were disclosed this period, including 国金量化多因子A, 国金量化精选A, 国金智享量化选股混合A, 南方中证2000ETF, and 华夏乐享健康混合A, with no new public funds reported compared to the last quarter [1] Institutional Holdings - Three institutional investors disclosed their holdings in Long联科技, totaling 12.08 million shares [1] - The combined institutional holding percentage is 13.39% of the total share capital [1] - There was a slight decline in institutional holding percentage by 0.06 percentage points from the previous quarter [1] Public Funds - A total of 7 public funds were reported this period, with no new disclosures compared to the last quarter [1] - The listed public funds include 国金量化多因子A, 国金量化精选A, 国金智享量化选股混合A, 南方中证2000ETF, and 华夏乐享健康混合A [1]

Core Viewpoint - Longyan Technology (301618.SZ) reported a slight decline in revenue for the first three quarters of 2025, but showed growth in the third quarter, indicating resilience in the textile printing sector and a strong focus on sustainable products [1][2] Group 1: Financial Performance - For the first three quarters of 2025, the company achieved revenue of 403 million yuan, a year-on-year decrease of 2.7% [1] - In the third quarter, the company generated revenue of 131 million yuan, reflecting a year-on-year increase of 11.25% [1] Group 2: Product Development and Innovation - The company has made significant investments in research and development, with R&D expenses amounting to 23.36 million yuan in the first three quarters of 2025, representing a year-on-year increase of 13.17% [2] - As of mid-2023, the company holds 41 invention patents and 7 utility model patents, showcasing its commitment to innovation [2] - The company has developed 21 products that have received high-tech product certification from Guangdong Province, including environmentally friendly printing materials [2] Group 3: Market Position and Strategy - Longyan Technology focuses on the textile printing sector and has established a strong brand image and customer base, with its water-based printing paste being recognized by major brands such as Adidas, Nike, and Disney [1] - The company plans to deepen the industrial application of digital pastes and expand into new markets such as footwear and furniture, aiming for product diversification and increased market share [2] - Future strategies include enhancing collaboration with brand manufacturers and strengthening the marketing network to penetrate international markets [2]

Core Viewpoint - Dongguan Changlian New Materials Technology Co., Ltd. announced an organizational restructuring to enhance governance, optimize management processes, and improve operational efficiency in response to strategic development needs and actual business conditions [1] Summary by Relevant Sections - **Organizational Restructuring** - The company held its fifth board meeting on October 27, 2025, where the proposal for organizational restructuring was approved [1] - The restructuring aims to refine the governance structure and optimize management processes to adapt to strategic development and operational realities [1] - **Implementation and Impact** - The board has authorized the management team to implement the restructuring, including optimizing personnel responsibilities within the adjusted departments [1] - The company emphasized that this internal management optimization will not significantly impact production and operational activities [1] - **Strategic Development** - The restructuring is seen as a proactive optimization based on strategic development, expected to enhance decision-making efficiency through streamlined management levels and clarified departmental responsibilities [1] - In the context of increasing industry competition, the improvement of the governance system is anticipated to further release management efficiency and lay a foundation for long-term development [1]

Core Viewpoint - Longyan Technology (301618.SZ) reported a slight decline in revenue for the first three quarters of 2025, but showed growth in the third quarter, indicating resilience in the textile printing sector and a strong focus on sustainable products [1][2] Group 1: Financial Performance - For the first three quarters of 2025, the company achieved revenue of 403 million yuan, a year-on-year decrease of 2.7% [1] - In the third quarter, the company reported revenue of 131 million yuan, reflecting a year-on-year increase of 11.25% [1] Group 2: Product Development and Innovation - The company has made significant investments in R&D, with R&D expenses amounting to 23.36 million yuan in the first three quarters of 2025, representing a year-on-year increase of 13.17% [2] - Longyan Technology holds 41 invention patents and 7 utility model patents, showcasing its commitment to innovation [2] - The company has developed 21 eco-friendly products, including various types of elastic and digital printing pastes, which have received recognition as high-tech products in Guangdong Province [2] Group 3: Market Position and Strategy - Longyan Technology's water-based printing pastes are well-received by downstream clients, with applications in renowned brands such as Adidas, Nike, and Disney, positioning the company as a leader in the domestic market [1] - The company plans to deepen the industrial application of digital pastes and expand into new markets such as footwear and furniture, aiming for product diversification and increased market share [2] - Future strategies include enhancing collaboration with brand manufacturers and strengthening the marketing network to penetrate international markets [2]