Company Overview - Longsheng Technology (SZ 300680) announced its fifth board meeting on December 12, 2025, to discuss external investment proposals [1] - As of the report, Longsheng Technology has a market capitalization of 11 billion yuan [1] Industry Composition - For the year 2024, Longsheng Technology's revenue composition is as follows: automotive parts industry accounts for 99.03%, while the machining industry accounts for 0.97% [1]

Core Viewpoint - The manufacturing industry is shifting towards a "multi-variety, small-batch" processing model, which presents challenges such as high unit costs and production management difficulties, prompting the need for flexible manufacturing systems to enhance efficiency and adaptability [1][2]. Group 1: Flexible Manufacturing System - The company, Liding Intelligent Equipment (Qingdao) Group Co., Ltd., has developed a flexible manufacturing system that integrates various equipment and utilizes intelligent software for dynamic scheduling and flexible configuration to optimize production efficiency [1][2]. - This flexible production line can quickly adjust production parameters and processes to accommodate different vehicle components, significantly improving production efficiency compared to traditional lines that require extensive setup time [2][3]. Group 2: Research and Development - Since 2016, the company has been developing its first-generation flexible control system scheduling software, evolving through practical adjustments and integrating mechanical and electrical design to meet real production needs [3]. - The company invests over 10% of its annual revenue in R&D and has a highly skilled R&D management team, with over 65% of its workforce dedicated to research and development [3].