Core Viewpoint - The company Longyang Technology (SH688299) reported a research and development (R&D) expenditure of 48.21 million yuan for the first three quarters of 2025, indicating a commitment to innovation and development in various functional films [1] R&D Expenditure Details - The total R&D expenditure for the first three quarters of 2025 is 48.21 million yuan [1] - Specific R&D investments in various functional films such as reflective films, CPI films, semi-solid/solid battery skeleton films, semi-solid/solid battery ion-conducting films, and lithium battery separators were not detailed but can be found in the company's semi-annual and annual reports for 2025 [1]