Core Viewpoint - Longyan Technology (301618.SZ) reported a slight decline in revenue for the first three quarters of 2025, but showed growth in the third quarter, indicating resilience in the textile printing sector and a strong focus on sustainable products [1][2] Group 1: Financial Performance - For the first three quarters of 2025, the company achieved revenue of 403 million yuan, a year-on-year decrease of 2.7% [1] - In the third quarter, the company reported revenue of 131 million yuan, reflecting a year-on-year increase of 11.25% [1] Group 2: Product Development and Innovation - The company has made significant investments in R&D, with R&D expenses amounting to 23.36 million yuan in the first three quarters of 2025, representing a year-on-year increase of 13.17% [2] - Longyan Technology holds 41 invention patents and 7 utility model patents, showcasing its commitment to innovation [2] - The company has developed 21 eco-friendly products, including various types of elastic and digital printing pastes, which have received recognition as high-tech products in Guangdong Province [2] Group 3: Market Position and Strategy - Longyan Technology's water-based printing pastes are well-received by downstream clients, with applications in renowned brands such as Adidas, Nike, and Disney, positioning the company as a leader in the domestic market [1] - The company plans to deepen the industrial application of digital pastes and expand into new markets such as footwear and furniture, aiming for product diversification and increased market share [2] - Future strategies include enhancing collaboration with brand manufacturers and strengthening the marketing network to penetrate international markets [2]

Group 1: R&D Investment and Achievements - The company has achieved 41 invention patents and 7 utility model patents as of June 30, 2025, with a focus on innovative products such as eco-friendly elastic glue and digital printing products [2][3] - R&D investment reached CNY 14.92 million in the first half of 2025, representing an 8.58% year-on-year increase [3] Group 2: Cost Control Measures - The company has established a "three-in-one" cost control system focusing on procurement, production, and R&D to optimize production costs [3][4] - **Procurement**: Leveraging bulk purchasing advantages and long-term partnerships with suppliers to reduce raw material costs [3] - **Production**: Utilizing self-developed automated cleaning production technology to enhance efficiency and reduce labor and energy costs [3] - **R&D**: Developing core raw materials in-house to minimize material costs and optimize production processes [4] Group 3: Environmental and Safety Initiatives - The company prioritizes environmental protection and safety in its sustainable development strategy, implementing continuous improvements in production processes [4][5] - Compliance with national policies on pollutant discharge and waste recycling is strictly enforced [5] Group 4: Automation and Customer Service - The establishment of an automated printing laboratory allows for simulation of customer production scenarios, aiding in the provision of tailored solutions [5] Group 5: Supply Chain Management - In response to fluctuations in international oil prices, the company aims to stabilize production and performance by enhancing supply chain management and establishing stable supplier relationships [5]