Core Viewpoint - Longsheng Technology is intensifying its investment in the field of embodied intelligent robots, planning to invest 350 million yuan to establish an innovation center in Wuxi, focusing on the research and industrialization of humanoid robots [1][2]. Investment and Project Details - Longsheng Technology and its subsidiary, Longsheng Weirui, signed a cooperation agreement with the Wuxi Binhu District government to invest approximately 350 million yuan in the innovation center project [2]. - The project will involve an investment of about 200 million yuan from Longsheng Technology for land and construction, while Longsheng Weirui will invest around 150 million yuan for the center's operation [2]. - The center will be built on a new industrial land area of 5,166.6 square meters, with support from local government policies and resources [2]. Business Performance - Longsheng Technology has seen continuous growth in revenue and net profit over the past three years, with a net profit of 106 million yuan in Q3 2025, marking the first time it has exceeded 100 million yuan [1][4]. - The company reported revenues of 1.827 billion yuan and 2.397 billion yuan for 2023 and 2024, respectively, with year-on-year growth rates of 59.11% and 31.21% [4]. - In the first three quarters of 2025, the company achieved revenues of 1.81 billion yuan, a year-on-year increase of 10.13%, and a net profit of 210 million yuan, up 36.89% [4]. Stock Market Performance - Since the beginning of 2025, Longsheng Technology's stock price has doubled, rising from 23.76 yuan per share to 47.63 yuan per share, reflecting a growth of 100.46% [4]. Business Segmentation - As of the first half of 2025, the revenue composition of Longsheng Technology shows that 39.58% comes from new energy vehicle components, 36.82% from EGR valves, and 23.48% from precision automotive parts, with other businesses contributing only 0.12% [5].

Group 1 - The company held its 24th meeting of the 5th Board of Directors on December 3, 2025, to discuss and approve the repurchase of shares by its subsidiary, Zhejiang Lichilei Environmental Technology Co., Ltd. [2][3] - The board approved a plan for Lichilei to repurchase 44% of its shares from certain shareholders for a total of RMB 16,940 million, increasing the company's ownership from 54% to 96.43% after the transaction [3][8][24] - The overall valuation of Lichilei's 100% equity was determined to be RMB 38,500 million based on an asset appraisal report, with a significant increase in net asset value [10][14] Group 2 - The repurchase involves a total registered capital of RMB 792 million, which corresponds to 44% of the total registered capital before the buyback [7][11] - The transaction does not constitute a related party transaction or a major asset restructuring, and it does not require shareholder approval [10][11] - The company will continue to monitor the progress of the repurchase and reduction of capital, which will be registered after a 45-day announcement period [24]