Core Points - Longyang Technology (688299) reported a closing price of 20.69 yuan on August 27, 2025, with an increase of 8.67% and a turnover rate of 18.9% [1] - The company experienced a significant decline in revenue and net profit in the first half of 2025 compared to the same period in 2024 [3][6] Trading Information - On August 27, 2025, the net inflow of main funds was 29.05 million yuan, accounting for 2.6% of the total transaction amount [2][5] - The number of shareholders increased to 15,000 as of June 30, 2025, representing an increase of 2,305 shareholders or 18.14% [2][5] Financial Performance - In the first half of 2025, Longyang Technology achieved an operating income of 525 million yuan, a year-on-year decrease of 18.81% [3][6] - The net profit attributable to shareholders was -8.55 million yuan, a decline of 150.11% year-on-year [3][6] - The company reported a gross profit margin of 29.51% and a debt ratio of 38.24% [3] Company Announcements - The company announced a change in its production capacity for lithium-ion battery separators from an annual output of 400 million square meters to 200 million square meters [5][6] - The company plans to conduct foreign exchange hedging business with a maximum amount of 50 million USD, effective for 12 months from the board's approval [6]

Meeting Overview - The fifth meeting of the Supervisory Board was held in the company meeting room, presided over by Wang Yun, with all three supervisors present, complying with relevant laws and regulations [1] Resolutions Passed - The Supervisory Board approved the 2025 semi-annual report and summary, confirming that the internal management system and information accurately reflect the company's operational and financial status during the reporting period [1] - The report on the management and actual use of raised funds for the first half of 2025 was approved, indicating compliance with relevant regulations and that the funds were stored in a dedicated account and used for specified purposes [2] - The proposal to conduct foreign exchange hedging was approved to mitigate adverse effects from exchange rate fluctuations, with established approval procedures and risk control systems in place [2] - The project for producing 400 million square meters of lithium-ion battery separators was changed to 200 million square meters based on actual operational needs and market conditions, with no adverse impact on the company's operations [3] - The project for producing 650 million square meters of lithium battery separators was revised to 350 million square meters, also based on operational needs and market conditions, ensuring no detriment to shareholder interests [4]