Core Viewpoint - Long联科技 is facing significant challenges as major shareholders plan to reduce their stakes due to personal financial needs, amidst a backdrop of declining financial performance and stock price [1][3]. Shareholder Reduction Plans - Major shareholder 麦友攀 plans to reduce up to 1.391 million shares, representing 1.5419% of the total share capital, within three months after the announcement [2]. - 富海新材 intends to reduce up to 1.804 million shares, accounting for 2% of the total share capital, also within three months after the announcement [2]. - Director and Vice General Manager 卢润初 plans to reduce up to 750,750 shares, which is 0.8322% of the total share capital, within the same timeframe [2]. Financial Performance - For the first three quarters of the year, the company reported total revenue of 403 million yuan, a decrease of 2.70% year-on-year [4]. - The net profit attributable to shareholders was 33.78 million yuan, down 39.78% year-on-year, with a net profit margin decline [4]. - The company has experienced a continuous decline in net profit for five consecutive quarters [5]. Stock Price Movement - Long联科技's stock price has dropped over 83% since October 9 of the previous year, closing at 58.03 yuan per share on November 13 [3]. - The stock had previously surged by 1703.98% on its first trading day, but this rapid increase was followed by a significant decline [3]. Reasons for Profit Decline - The company cited three main reasons for the decline in net profit: increased expenses due to new project investments, a decrease in gross profit margin, and one-time costs related to the early termination of the headquarters lease [4].

Group 1 - The core viewpoint of the article highlights the financial performance of Changlian Technology, which reported a revenue of 553 million yuan for 2024, marking a year-on-year growth of 4.38%, and a net profit attributable to shareholders of 70.03 million yuan [1] - The overseas market contributed 116 million yuan in revenue, reflecting a significant year-on-year increase of 21.06%, indicating strong growth potential in international markets [1] - Changlian Technology's main products include water-based printing paste, water-based resin, and silicone for screen printing, primarily used in the textile printing sector, with notable applications in well-known brands such as Adidas, Nike, and Disney [1] Group 2 - The company has developed several core technologies, including new emulsion polymerization technology and bio-based water-based materials technology, with most technologies in mass production, enhancing competitiveness in the eco-friendly materials sector [2] - Changlian Technology has established a joint laboratory with SHEIN to collaboratively develop products, providing comprehensive solutions from materials to manufacturing to meet the fast-paced and personalized demands of consumers [2] - The company aims to continue product innovation and accelerate the development of new products to cater to the differentiated and personalized needs of downstream clients while expanding both domestic and international markets [2]

本次股票发行后拟在创业板市场上市，该市场具有较高的投资风险。创业板 公司具有创新投入大、新旧产业融合成功与否存在不确定性、尚处于成长期、 经营风险高、业绩不稳定、退市风险高等特点，投资者面临较大的市场风险。 投资者应充分了解创业板市场的投资风险及本公司所披露的风险因素，审慎 东莞长联新材料科技股份有限公司 Dongguan Changlian New Materials Technology Co.,Ltd. （住所：广东省东莞市寮步镇石大路寮步段 733 号 1 栋） 招股说明书 （上会稿） 本公司的发行申请尚需经深圳证券交易所和中国证监会履行相应程序。本 保荐机构（主承销商） （住所：广东省东莞市莞城区可园南路一号） 首次公开发行股票并在创业板上市 招股说明书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当 以正式公告的招股说明书作为投资决定的依据。 东莞长联新材料科技股份有限公司 招股说明书（上会稿） 声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作 ...