臻镭科技公告，公司实际控制人、董事长郁发新先生被黄石市监察委员会实施的留置措施已于近日解 除，目前郁发新先生能够正常履行公司董事长职责。此前，公司于2025年9月22日披露，郁发新先生因 重大事项被实施留置，暂不能履行董事相关职责。公司董事张兵先生曾代为履行董事长的相关职责。 ...

Core Viewpoint - The company has repurchased a total of 394,000 shares, representing 0.1841% of its total share capital, as part of its share buyback program [1] Summary by Relevant Sections Share Buyback Details - The repurchase was conducted through a dedicated securities account via centralized bidding [1] - The highest transaction price was 70.93 yuan per share, while the lowest was 31.6 yuan per share [1] - The total amount spent on the repurchase was 20.01 million yuan, excluding transaction fees [1] Compliance and Funding - The funding for the share buyback came from the company's own funds [1] - The repurchase price did not exceed the proposed buyback price of 74 yuan per share [1] - The buyback complies with relevant laws and regulations and aligns with the established buyback plan [1]

Core Viewpoint - Zhenlei Technology experienced a 6.00% increase in stock price on September 25, with a trading volume of 1.252 billion yuan, indicating strong market interest and activity [1] Financing Summary - On September 25, Zhenlei Technology had a financing buy-in amount of 150 million yuan, with a net financing outflow of approximately 594,970 yuan, reflecting a high level of trading activity [1] - The total financing and securities balance reached 703 million yuan, accounting for 4.95% of the circulating market value, which is above the 80th percentile of the past year, indicating a high financing level [1] - In terms of securities lending, 2,205 shares were repaid on September 25, with no shares sold, and the remaining securities lending balance was 132,520 yuan, also above the 60th percentile of the past year [1] Company Performance - As of June 30, Zhenlei Technology reported a total of 12,200 shareholders, an increase of 27.59% from the previous period, while the average circulating shares per person decreased by 21.62% to 11,826 shares [2] - For the first half of 2025, Zhenlei Technology achieved operating revenue of 205 million yuan, representing a year-on-year growth of 73.64%, and a net profit attributable to shareholders of 62.32 million yuan, a significant increase of 1006.99% [2] Dividend and Shareholding Information - Since its A-share listing, Zhenlei Technology has distributed a total of 89.01 million yuan in dividends, with 58.76 million yuan distributed over the past three years [3] - As of June 30, 2025, among the top ten circulating shareholders, Taixin Small and Medium Cap Selected Mixed Fund reduced its holdings by 420,000 shares to 3.94 million shares, while Taixin Xinxuan Mixed A increased its holdings by 220,000 shares to 2.62 million shares [3]

Company Overview - Zhejiang Zhenlei Technology Co., Ltd. is located in Hangzhou, Zhejiang Province, and was established on September 11, 2015. The company went public on January 27, 2022. Its main business involves the research, development, production, and sales of integrated circuit chips and microsystems [1]. Business Composition - The revenue composition of Zhenlei Technology is as follows: Power management chips account for 50.10%, RF transceiver and high-speed high-precision ADC/DAC chips make up 39.47%, technical services contribute 5.97%, microsystems and modules represent 2.49%, terminal RF front-end chips are 1.93%, and other (supplementary) sources account for 0.04% [1]. Stock Performance - On September 25, Zhenlei Technology's stock rose by 5.12%, reaching a price of 65.73 CNY per share, with a trading volume of 707 million CNY and a turnover rate of 5.11%. The total market capitalization is 14.07 billion CNY [1]. Fund Holdings - According to data, Yongying Fund has one fund heavily invested in Zhenlei Technology. The Yongying High-end Equipment Smart Selection Mixed Fund A (015789) held 473,000 shares in the second quarter, representing 3.93% of the fund's net value, making it the eighth largest holding. The estimated floating profit today is approximately 1.51 million CNY [2]. Fund Performance - The Yongying High-end Equipment Smart Selection Mixed Fund A (015789) was established on July 15, 2022, with a current scale of 113 million CNY. Year-to-date, it has achieved a return of 21.4%, ranking 4334 out of 8173 in its category. Over the past year, it has returned 67.32%, ranking 1699 out of 8003. Since its inception, it has incurred a loss of 9.98% [2]. Fund Management - The fund manager of Yongying High-end Equipment Smart Selection Mixed Fund A (015789) is Zhang Lu, who has been in the position for 6 years and 57 days. The total asset size under management is 15.41 billion CNY, with the best fund return during the tenure being 156.79% and the worst being -60.31% [3].

Core Viewpoint - Zhejiang Zhenlei Technology Co., Ltd. announced that its actual controller and chairman, Yu Faxin, is under detention by the Huangshi Municipal Supervisory Committee, temporarily unable to fulfill his duties as a director [1][3] Group 1 - As of the announcement date, the control of Zhenlei Technology has not changed, and the company will continue to operate in accordance with relevant laws and regulations, with daily management handled by senior management [3] - The company has made proper arrangements for related work following the announcement of Yu Faxin's detention [3] Group 2 - Yu Faxin has recently reduced his stake in Zhenlei Technology indirectly. On September 4, it was disclosed that three investment partnerships collectively reduced their holdings by 8.3052 million shares, accounting for approximately 3.88% of the total share capital [3]

Core Viewpoint - The chairman of Zhenlei Technology, Yu Faxin, is under investigation and cannot perform his duties, but the company's control remains unchanged and operations continue normally [1][4]. Company Management - During Yu Faxin's absence, board member Zhang Bing will temporarily assume the responsibilities of the chairman, while other board members and senior management continue their roles without interruption [4]. Company Profile - Zhenlei Technology focuses on the research, production, and sales of integrated circuit chips and microsystems, providing technical services related to these products. Its main products include RF transceiver chips, high-speed high-precision ADC/DAC chips, and power management chips, serving both military and civilian applications [7]. Financial Performance - In the first half of 2025, Zhenlei Technology reported a revenue of 205 million yuan, a year-on-year increase of 73.64%, and a net profit attributable to shareholders of 62.32 million yuan, a significant increase of 1006.99% [7]. - The company experienced a substantial decline in net profit in 2023 and 2024, but has shown high growth in the first half of 2025 [7]. Shareholding and Market Performance - As of September 19, 2025, Yu Faxin holds approximately 45 million shares, representing a 21.04% stake in the company, with a market value of about 3.1 billion yuan based on the stock price of 69.5 yuan per share [7]. - The stock price of Zhenlei Technology has increased by 98.57% year-to-date, with a total market capitalization of 14.88 billion yuan as of September 19 [7].

Core Viewpoint - The chairman of Zhenlei Technology, Yu Faxin, has been placed under detention by the Huangshi Municipal Supervisory Committee, which has led to a significant drop in the company's stock price and raised concerns about corporate governance and operational continuity [1][4]. Company Governance and Management - Yu Faxin, as the chairman and core technical personnel, received a pre-tax remuneration of 960,800 yuan in the previous year [2][5]. - Yu Faxin is the largest shareholder of Zhenlei Technology, holding shares worth tens of billions of yuan [2]. - During Yu Faxin's absence, the board of directors has appointed Zhang Bing to perform the chairman's duties, ensuring that other directors and senior management continue to operate normally [4]. Stock Market Reaction - Following the announcement of Yu Faxin's detention, Zhenlei Technology's stock price fell to 60.77 yuan per share, marking a single-day decline of 12.56%, with a total market value reduction of approximately 1.869 billion yuan [3][4]. - The stock experienced a drop of over 19% at one point during trading on September 22 [4]. Shareholding Changes - Yu Faxin and his associates cashed out approximately 444 million yuan through a share transfer, reducing their combined shareholding from 32.62% to 28.74% [6][7]. - As of June 30, Yu Faxin directly held 45,042,956 shares, representing 21.04% of the company [6]. Financial Performance - Zhenlei Technology reported a significant increase in revenue and net profit for the first half of the year, with revenue of approximately 205 million yuan, up 73.64%, and a net profit of about 62.32 million yuan, up 1006.99% [10]. - The company has maintained a positive outlook for the next three years, focusing on strategic sectors such as satellite internet and defense information [11].

Core Viewpoint - The announcement from Zhenlei Technology indicates that the actual controller and chairman, Yu Faxin, is under investigation, but the company's control has not changed, and operations will continue under senior management [1][3]. Group 1: Company Management and Operations - Yu Faxin, the actual controller and chairman of Zhenlei Technology, is currently under detention by the Huangshi Municipal Supervisory Committee, which prevents him from fulfilling his duties as a director [1]. - The company has stated that it will continue to operate in accordance with the Company Law of the People's Republic of China and relevant regulations, with daily management handled by senior management [3]. - As of the announcement date, Zhenlei Technology has not received any investigation documents from relevant authorities and is unaware of the progress or conclusions of the detention investigation [3]. Group 2: Financial Performance - Zhenlei Technology reported a significant decline in net profit for 2023 and 2024, with a projected revenue of 303 million yuan in 2024, an increase of 8.04% year-on-year, but a net profit of 17.85 million yuan, down 75.37% year-on-year, and a non-recurring net profit loss of 4.59 million yuan [3]. - In the first half of 2025, the company achieved a notable revenue increase of 205 million yuan, up 73.64% year-on-year, and a net profit attributable to shareholders of 62.32 million yuan, marking a 1006.99% increase and a return to profitability [3]. Group 3: Shareholding Changes - On September 4, 2023, Yu Faxin's concerted action partners, including Chenxin Investment, Zhenlei Investment, and Ruilai Investment, collectively reduced their holdings by 8.31 million shares, accounting for 3.88% of the total share capital, at a transfer price of 53.52 yuan per share [5]. - Following this equity change, the combined shareholding of Yu Faxin and his concerted action partners decreased from 32.62% to 28.74% [5].

Core Viewpoint - Zhenlei Technology (688270.SH) announced that its chairman, Yu Faxin, is currently under investigation by the Huangshi Municipal Supervisory Committee, but the company's control has not changed and normal operations will continue [1] Group 1: Company Governance and Management - The company has a robust governance structure and internal control mechanisms in place, ensuring that daily operations are managed by senior management during the chairman's absence [1] - Zhang Bing, a board member, will temporarily assume the chairman's responsibilities while Yu Faxin is unable to perform his duties [1] Group 2: Financial Performance - In the first half of 2025, Zhenlei Technology achieved a revenue of 205 million yuan, representing a year-on-year increase of 73.64% [2][3] - The net profit attributable to shareholders reached approximately 62.32 million yuan, marking a significant year-on-year growth of 1006.99% [2][3] - The net profit after deducting non-recurring gains and losses was approximately 52.89 million yuan, a recovery from a loss of 605,600 yuan in the same period last year [2][3] - The net cash flow from operating activities was approximately 10.21 million yuan, compared to a negative cash flow of 4.31 million yuan in the previous year [3] Group 3: Historical Financial Data - Over the past five years, Zhenlei Technology's revenue has shown consistent growth, with figures of 152.1 million yuan, 190.6 million yuan, 242.6 million yuan, 280.8 million yuan, and 303.4 million yuan respectively [3] - The net profit attributable to shareholders over the same period has varied, with figures of 76.94 million yuan, 98.84 million yuan, 107.7 million yuan, 72.48 million yuan, and 17.85 million yuan [3] Group 4: Initial Public Offering (IPO) Details - Zhenlei Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on January 27, 2022, with an issue price of 61.88 yuan per share and a total issuance of 27.31 million shares [4] - The total funds raised from the IPO amounted to 1.69 billion yuan, with a net amount of 1.54 billion yuan after deducting issuance costs [4] Group 5: Stock Dividend and Bonus Issues - On May 26, 2023, the company announced a stock bonus plan of 4 additional shares for every 10 shares held, along with a pre-tax dividend of 3 yuan [5] - A similar plan was announced on May 9, 2024, proposing 4 additional shares for every 10 shares held and a pre-tax dividend of 1.7 yuan [6]

Core Viewpoint - Zhenlei Technology (688270.SH) experienced a significant stock price drop of 12.56% to 60.77 CNY per share following the announcement of its chairman, Yu Faxin, being subjected to retention measures by the Huangshi Municipal Supervisory Committee, which prevents him from fulfilling his duties as a director [1][6] Company Overview - Zhenlei Technology was established in September 2015 and went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board in January 2022. The company specializes in terminal RF front-end chips, high-density packaged microwave modules, and microsystems, integrating design, development, production, and sales [1] - The company reported a net profit growth of over 10 times in the first half of 2025 [1] Financial Performance - In the first half of 2025, Zhenlei Technology achieved a revenue of 205 million CNY, representing a year-on-year increase of 73.64%. The net profit attributable to shareholders reached approximately 62.32 million CNY, marking a staggering growth of 1006.99% [5] - The company attributed its performance to a recovery in downstream industries and a sustained increase in demand, alongside a strong technical foundation and good industry reputation [5] Shareholding Changes - As of the end of the reporting period in the 2025 semi-annual report, Yu Faxin held approximately 45 million shares, accounting for 21.04% of the total shares. He had previously reduced his holdings through three controlled partnerships, raising about 444 million CNY [2] - The shareholding ratio of Yu Faxin and his concerted actions decreased from 32.62% to 28.74% following the sale of 830,520 shares at a price of 53.52 CNY per share [2] Market Position and Clientele - Zhenlei Technology's products and technologies are primarily applied in specialized fields such as data links, electronic countermeasures, wireless communication terminals, and satellite internet, with major clients including defense industry groups and research institutions [5] - The company has seen a significant increase in orders and projects, benefiting from strategic opportunities in emerging industries such as commercial aerospace and low-altitude economy [5] Stock Performance - The stock price of Zhenlei Technology has increased by over 70% this year, reaching a peak of 84.77 CNY per share at the end of August before the recent decline [6] - As of September 22, the company's total market capitalization stood at 13 billion CNY [6]