LEAGUER(SZ:002243)2025-11-20 10:20Group 1: Business Overview - The company focuses on "technology innovation services + strategic emerging industries" as its development model, emphasizing project investment and industrial application [2] - Main business areas include new materials, new energy, and digital economy, with a strategy of mergers and acquisitions to enhance high-tech subsidiaries [2] Group 2: Financial Performance - As of the end of September, the company's inventory was valued at 4.5 billion, primarily consisting of park real estate [3] - The company's asset-liability ratio at the end of Q3 2025 was 50.01%, indicating a reasonable debt structure [7] Group 3: Investment Strategy - In the first half of the year, the company completed 11 investment projects, focusing on sectors such as new energy, new materials, and advanced manufacturing [4] - The company employs a dual strategy of "incubation + acquisition" to nurture early-stage projects while seeking to acquire mature ones [5] Group 4: Market Engagement and Shareholder Relations - The company emphasizes long-term value and has increased dividend ratios and shareholder engagement to boost investor confidence [6] - The company maintains close interactions with several universities and research institutions to enhance project sourcing [8]