Core Viewpoint - Three companies, Zhongxin Co., Ltd. (603091.SH), Hehe Information (688615.SH), and Yinuosi Biotechnology (688710.SH), will begin trading under the "Shanghai-Hong Kong Stock Connect" mechanism starting October 27, 2025, and will be included as eligible securities in the central settlement system [2] Group 1: Company Information - Zhongxin Co., Ltd. (603091) will be traded under the English name "ZHEJIANG ZHON-A" [2] - Hehe Information (688615) will be traded under the English name "INTSIG INFORM-A" [2] - Yinuosi Biotechnology (688710) will be traded under the English name "SHANGHAI INNO-A" [2] Group 2: Trading Mechanism - The trading of these companies will be conducted in Renminbi and will follow the general rules and operational procedures of Hong Kong settlement [2] - The central settlement system will not provide physical stock custody and withdrawal services for these securities [2]

Core Points - Three companies, Zhongxin Co., Ltd. (603091.SH), Hehe Information (688615.SH), and Innos (688710.SH), will start trading under the "Shanghai-Hong Kong Stock Connect" from October 27, 2025 [1] - These companies will be included as eligible securities in the Central Clearing System, with trading conducted in Renminbi [1] - The Hong Kong Clearing will not provide physical stock custody and withdrawal services for these securities [1] Summary by Category Company Information - Zhongxin Co., Ltd. (603091) will be trading under the English name "ZHEJIANG ZHON-A" [2] - Hehe Information (688615) will be trading under the English name "INTSIG INFORM-A" [2] - Innos (688710) will be trading under the English name "SHANGHAI INNO-A" [2] Trading Mechanism - The trading of these companies will follow the general rules and operational procedures of Hong Kong Clearing [1] - The settlement and clearing will be conducted under the continuous net settlement system of the Central Clearing System [1]

浙江众鑫环保科技集团股份有限公司 关于使用部分闲置募集资金购买理财产品到期赎回的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、已履行的审议程序 浙江众鑫环保科技集团股份有限公司（以下简称"公司"）于2024年10月 27日召开第一届董事会第十八次会议和第一届监事会第十三次会议，审议通过 《关于使用暂时闲置的募集资金进行现金管理的议案》，同意公司（含子公司） 使用不超过30,000万元（含30,000万元）的暂时闲置募集资金进行现金管理， 用于购买安全性高、流动性好的保本型理财产品或存款类产品（包括但不限于 结构性存款、定期存款、大额存单以及大额可转让存单等），有效期自董事会 审议通过之日起12个月内有效，在额度内可以循环滚动使用。在上述额度、期 限范围内，董事会授权公司董事长签署相关合同文件，具体事项由公司财务部 负责组织实施。公司监事会对上述事项发表了明确同意意见、保荐机构已对该 事项发表明确无异议的核查意见。具体情况详见公司于2024年10月29日在上海 证券交易所网站（www.sse.com.cn）及指定信息 ...

Group 1 - On October 20, Zhongxin Co., Ltd. executed a block trade of 210,000 shares, with a transaction amount of 13.1922 million yuan, accounting for 31.12% of the total transaction amount for the day [1] - The transaction price was 62.82 yuan, which represents an 11.36% discount compared to the market closing price of 70.87 yuan [1]

浙江众鑫环保科技集团股份有限公司（以下简称"公司"）于近日获悉：加拿大边 境服务署与加拿大国际贸易法庭于加拿大当地时间2025年10月15日对原产于或出口自 中华人民共和国的热成型模制纤维餐具涉嫌倾销和补贴的行为启动调查，案件的调查期 为2024 年 10 月1 日到 2025 年 9 月 30 日。 证券代码：603091 证券简称：众鑫股份 公告编号：2025-068 浙江众鑫环保科技集团股份有限公司 关于加拿大对中国热成型模制纤维餐具涉嫌倾销和补贴行为 启动调查的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、主要情况说明 二、公司应对措施 本次调查涉及公司及下属三家全资子公司，经统计，在 2024 年 10 月 1 日至 2025 年6 月 30 日期间，公司对加拿大出口产品金额约 8265 万元人民币，约占同期营业收入 7.7%左右。 （一）为了维护公司及全体股东的利益，公司已成立专项工作组，并聘请专业律师 团队，积极应对本次调查，力争有利税率。 （二）公司将高度重视、密切关注并持续跟进本案的进展情况，坚决 ...

Core Viewpoint - The company is under investigation by the Canada Border Services Agency and the Canadian International Trade Tribunal for alleged dumping and subsidy practices related to its thermoformed fiber tableware exported from China, with the investigation period spanning from October 1, 2024, to September 30, 2025 [1] Summary by Relevant Sections - Investigation Details - The investigation involves the company and its three wholly-owned subsidiaries [1] - The investigation period is set from October 1, 2024, to September 30, 2025 [1] - Financial Impact - The company's export value to Canada from October 1, 2024, to June 30, 2025, is approximately 82.65 million RMB, accounting for 7.7% of its revenue during the same period [1] - Company Response - The company has established a special task force and hired a professional legal team to address the investigation [1] - The company will closely monitor the case's progress and fulfill its information disclosure obligations in a timely manner [1]

Group 1 - On October 16, Zhongxin Co., Ltd. executed a block trade of 360,000 shares, with a transaction amount of 23.6088 million yuan, accounting for 49.61% of the total transaction amount for the day [1] - The transaction price was 65.58 yuan, which represents a discount of 7.85% compared to the market closing price of 71.17 yuan [1]

Core Insights - On October 15, Zhongxin Co., Ltd. experienced a stock price increase of 3.51%, with a trading volume of 52.21 million yuan [1] - The company reported a financing buy-in amount of 1.99 million yuan and a financing repayment of 5.90 million yuan, resulting in a net financing outflow of 3.91 million yuan on the same day [1] - As of October 15, the total margin balance for Zhongxin Co., Ltd. reached 207 million yuan, accounting for 9.22% of its market capitalization, indicating a high level of financing activity [1] Financing Summary - On October 15, Zhongxin Co., Ltd. had a financing buy-in of 1.99 million yuan, with a current financing balance of 207 million yuan, which is above the 90th percentile of the past year [1] - The company had no short-selling activity on October 15, with both short-selling repayment and selling amounts recorded as zero [1] Company Overview - Zhejiang Zhongxin Environmental Technology Group Co., Ltd. was established on January 8, 2016, and is located in Jinhua City, Zhejiang Province [1] - The company specializes in the research, production, and sales of biodegradable plant fiber molding products [1] Financial Performance - For the first half of 2025, Zhongxin Co., Ltd. reported a revenue of 675 million yuan, reflecting a year-on-year decrease of 4.57% [1] - The net profit attributable to the parent company for the same period was 116 million yuan, down 14.76% year-on-year [1] Shareholder Information - As of June 30, 2025, the number of shareholders for Zhongxin Co., Ltd. was 5,236, a decrease of 36.22% from the previous period [2] - The average number of circulating shares per shareholder increased by 56.78% to 3,905 shares [2] - The company has distributed a total of 98.15 million yuan in dividends since its A-share listing [2]

Investment Rating - The report assigns an "Accumulate" rating to the company with a target price of 96.97 CNY [4][10]. Core Insights - The company's global capacity layout effectively addresses uncertainties in the foreign trade environment, with a focus on expanding overseas production bases [2][28]. - The company has maintained rapid revenue growth, primarily from environmentally friendly packaging for food service, with 98% of its revenue derived from this segment [28][30]. - The report highlights the company's commitment to sustainable growth through continuous technological innovation and capacity expansion, particularly in Thailand [41][28]. Financial Summary - Total revenue is projected to grow from 13.26 billion CNY in 2023 to 30.41 billion CNY by 2027, reflecting a compound annual growth rate (CAGR) of 22.7% from 2019 to 2024 [3][28]. - Net profit attributable to shareholders is expected to increase from 2.31 billion CNY in 2023 to 7.24 billion CNY in 2027, with a significant growth rate of 69.4% in 2026 [3][10]. - The earnings per share (EPS) is forecasted to rise from 2.26 CNY in 2023 to 7.08 CNY in 2027 [3][10]. Industry Analysis - The biodegradable materials industry is experiencing high demand due to increasing global environmental regulations and consumer preferences for sustainable products [18][21]. - The report notes that the company is well-positioned in the biodegradable materials market, which is expected to see continued growth as traditional plastic alternatives gain traction [18][21]. - The competitive landscape includes domestic and international players, with the company leveraging its technological advancements and overseas production capabilities to enhance its market share [16][28].

Company Overview - Zhejiang Zhongxin Environmental Technology Group Co., Ltd. is located in Jinhua City, Zhejiang Province, and was established on January 8, 2016. The company specializes in the research, production, and sales of biodegradable plant fiber molding products [1]. - The company is listed in the light industry manufacturing sector, specifically in packaging and printing, and is associated with concepts such as high dividends, biodegradable products, fund-heavy holdings, energy conservation, and margin financing [1]. Stock Performance - As of October 15, Zhongxin shares increased by 2.20%, reaching a price of 71.95 yuan per share, with a trading volume of 20.9363 million yuan and a turnover rate of 0.96%. The total market capitalization is 7.356 billion yuan [1]. - Year-to-date, the stock price has risen by 56.99%, but it has seen a decline of 2.90% over the last five trading days and a 5.10% drop over the last 20 days. In contrast, the stock has increased by 10.93% over the past 60 days [1]. Financial Performance - For the first half of 2025, Zhongxin reported a revenue of 675 million yuan, representing a year-on-year decrease of 4.57%. The net profit attributable to shareholders was 116 million yuan, down 14.76% compared to the previous year [2]. - Since its A-share listing, the company has distributed a total of 98.1492 million yuan in dividends [3]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased to 5,236, a reduction of 36.22%. The average number of circulating shares per person increased by 56.78% to 3,905 shares [2]. - Notable institutional holdings include new shareholders such as GF Stable Growth Mixed Fund (holding 750,000 shares), GF Ruiyang Three-Year Open Mixed Fund (holding 450,000 shares), and Huatai-PineBridge Growth Focus Mixed Fund (holding 268,300 shares) [3].