Leedarson IoT(SH:605365) Xin Lang Cai Jing·2025-11-24 01:55Core Viewpoint - Lida Technology (sh605365) reached its daily limit on November 24, 2025, with a price of 17.6 yuan, marking a 10% increase and a total market capitalization of 8.835 billion yuan, driven by factors such as improvements in cash flow, international expansion, and alignment with IoT trends [1][2]. Group 1: Company Performance - Lida Technology is a provider of IoT products and solutions, focusing on lighting and IoT sectors, with a commitment to R&D innovation that helps build a competitive moat and drive business upgrades [2]. - Despite a decline in net profit reported in the Q3 2025 financials, the company showed positive operational indicators, with net cash flow from operating activities increasing by 57.35% year-on-year and government subsidies rising by 56.3% [2]. Group 2: Strategic Initiatives - The company is pursuing an internationalization strategy, with funds raised being allocated to a smart manufacturing base project in Thailand, indicating a strong intent for overseas expansion, although the project's delay to May 2026 introduces some uncertainty [2]. - Lida Technology was included in the "Dragon and Tiger List" on November 21, 2025, within the lighting equipment sector, which may indicate a recent uptick in sector activity and potential for a sector-wide momentum effect [2]. Group 3: Market Activity - On November 21, 2025, the trading volume for Lida Technology reached 155 million yuan, suggesting a notable level of market activity and interest [2].