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]
长联科技：前三季度实现营收4.03亿元，研发创新驱动高质量发展