Core Viewpoint - Long联科技 is facing significant challenges as major shareholders plan to reduce their stakes due to personal financial needs, amidst a backdrop of declining financial performance and stock price [1][3]. Shareholder Reduction Plans - Major shareholder 麦友攀 plans to reduce up to 1.391 million shares, representing 1.5419% of the total share capital, within three months after the announcement [2]. - 富海新材 intends to reduce up to 1.804 million shares, accounting for 2% of the total share capital, also within three months after the announcement [2]. - Director and Vice General Manager 卢润初 plans to reduce up to 750,750 shares, which is 0.8322% of the total share capital, within the same timeframe [2]. Financial Performance - For the first three quarters of the year, the company reported total revenue of 403 million yuan, a decrease of 2.70% year-on-year [4]. - The net profit attributable to shareholders was 33.78 million yuan, down 39.78% year-on-year, with a net profit margin decline [4]. - The company has experienced a continuous decline in net profit for five consecutive quarters [5]. Stock Price Movement - Long联科技's stock price has dropped over 83% since October 9 of the previous year, closing at 58.03 yuan per share on November 13 [3]. - The stock had previously surged by 1703.98% on its first trading day, but this rapid increase was followed by a significant decline [3]. Reasons for Profit Decline - The company cited three main reasons for the decline in net profit: increased expenses due to new project investments, a decrease in gross profit margin, and one-time costs related to the early termination of the headquarters lease [4].

Core Viewpoint - Longyan Technology announced plans for major shareholders to reduce their stakes in the company through centralized bidding or block trading within three months after the announcement [2] Shareholder Reduction Plans - Major shareholder and director Mai Youpan plans to reduce his holdings by up to 1,391,000 shares, representing no more than 1.5419% of the total share capital [2] - Another major shareholder, Dongguan Fuhai (Wuhu) Equity Investment Fund Management Co., Ltd., plans to reduce its holdings by up to 1,804,317 shares, representing no more than 2.0000% of the total share capital [2] - Director and Deputy General Manager Lu Runchu plans to reduce his holdings by up to 750,750 shares, representing no more than 0.8322% of the total share capital [2]

Company Announcements - 合富中国's stock price has significantly deviated from its fundamentals, with a cumulative increase of 230.84% over the past 13 trading days, leading to potential suspension for further investigation if abnormal price increases continue [1] - 摩尔线程 plans to conduct its initial public offering with a total of 70 million shares, representing 14.89% of the post-issue total share capital, with the initial inquiry date set for November 19 and subscription date for November 24 [2] - *ST东易's stock has risen by 241.59% since September 26, prompting a suspension for investigation starting November 14 [2] - 华蓝集团 is planning a change in company control, leading to a suspension of its stock from November 14 for up to 2 trading days [4] - 吉电股份 intends to invest 5.698 billion yuan in a coal power project with a total investment of 56.98 billion yuan, which is part of a national energy strategy [6] - 利德曼 plans to acquire 70% of 先声祥瑞 for 1.733 billion yuan, aiming to enter the bioproducts industry [6] - 佛塑科技 is collaborating with 紫金矿业 to establish a project company for a lithium sulfide pilot project with a total investment of 1.13 billion yuan [7] - 中芯国际 reported a 43% year-on-year increase in net profit for Q3, driven by increased wafer sales [8] Financing and Investments - 云南铜业 plans to increase its investment in 中铜国贸 by 640 million yuan to enhance its capital strength [11] - 德业股份 is preparing to issue H-shares and list on the Hong Kong Stock Exchange to expand its global presence [20] Shareholder Changes - 闽发铝业's second-largest shareholder, 黄天火, has reduced his stake by 938.15 million shares, representing 0.9995% of the total share capital [3] - 长联科技's shareholders plan to collectively reduce their holdings by up to 4.37% [14] Project Awards - 和顺电气 has been awarded a storage power supply service project by 中国石油集团, with a bid amount of approximately 40.003 million yuan [18] - 安徽建工's subsidiary has won two EPC projects with a total bid amount of 1.753 billion yuan [19]

Core Viewpoint - Changlian Technology (301618.SZ) announced plans for major shareholders to reduce their stakes in the company through centralized bidding or block trading within three months after the announcement [1] Shareholder Reduction Plans - Major shareholder and director Mai Youpan plans to reduce his holdings by up to 1,391,000 shares, representing no more than 1.5419% of the total share capital [1] - Another major shareholder, Oriental Fuhai (Wuhu) Equity Investment Fund Management Enterprise (Limited Partnership) - Shenzhen Fuhai New Material Equity Investment Fund (Limited Partnership), intends to reduce its holdings by up to 1,804,317 shares, accounting for no more than 2.0000% of the total share capital [1] - Director and Deputy General Manager Lu Runchu plans to reduce his holdings by up to 750,750 shares, which is no more than 0.8322% of the total share capital [1]

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].