Core Insights - Zhongzi Technology Co., Ltd. has been committed to technological innovation and transformation since its establishment in 2005, focusing on exhaust gas purification, industrial catalysts, energy storage, hydrogen energy, and composite materials [1][3] - The company aims to align its strategic layout with the national "dual carbon" goals, developing a three-stage growth curve that integrates traditional and emerging sectors [3][5] - Zhongzi Technology has achieved significant milestones, including over 200 domestic and international patent authorizations and the establishment of a high-level R&D team of more than 200 professionals [3][11] Group 1: Strategic Layout and Innovation - The company has developed a product matrix that empowers industrial upgrades, including advanced catalysts for vehicle emissions and low-temperature VOCs purification catalysts [5][11] - Zhongzi Technology's strategic focus includes a commitment to green technology ecosystems that respond to national carbon reduction strategies [3][5] - The company has received numerous awards and recognitions, including being named a "National Specialized and Innovative Small Giant Enterprise" and leading the formulation of 27 industry standards [11][13] Group 2: Challenges and Growth - The company faced several challenges during its entrepreneurial journey, including talent acquisition, technology transfer, production quality, funding, and market penetration [6][8][10] - Through strategic partnerships and innovative financing solutions, Zhongzi Technology overcame initial funding challenges, ensuring product delivery and market growth [10] - The company emphasizes a customer-centric approach, which has helped build trust and secure orders from both domestic and international clients [10][11] Group 3: Future Vision and Cultural Values - Zhongzi Technology aims to maintain its innovative spirit and cultural values as it navigates future uncertainties, focusing on advanced technology and market adaptability [13] - The company’s mission is to create value for customers while fostering a culture of unity, excellence, and shared success [13] - Zhongzi Technology plans to build a global career development platform to attract and nurture talent, ensuring sustainable growth and innovation [11][13]

Core Insights - The 2025 China Smart Energy Conference and Exhibition focuses on energy equipment such as wind, solar, storage, and hydrogen, showcasing advancements in energy digitalization and intelligence [1] Company Insights - Jinshi Technology presented its hybrid energy storage architecture and all-scenario solutions, combining energy-type lithium-ion batteries with power-type supercapacitor systems to enhance economic benefits and improve grid frequency regulation and power quality [1] - Jinshi Technology's hybrid storage system utilizes dynamic power distribution and intelligent scheduling through core algorithms, with supercapacitors handling transient high power and lithium batteries ensuring long-term energy output, thus improving frequency modulation efficiency and extending system life [1] - Jinshi Technology's core business has shifted to energy storage, with energy storage equipment revenue reaching 258 million yuan in 2024, accounting for 68.70% of total revenue, while energy storage safety solutions contributed 114 million yuan, representing 30.24% [2] - Jinshi Technology's subsidiary, Qianye Technology, focuses on lithium-ion battery thermal runaway monitoring and fire prevention research, indicating a comprehensive approach to energy storage safety [2] - Zhongzi Technology showcased its "source-network-load-storage" comprehensive energy management system, expanding its business from gasoline vehicle exhaust purification catalysts to energy storage solutions, with revenue from energy storage and related services exceeding 80 million yuan in 2024 [3] Industry Insights - In 2024, China's energy storage industry experienced significant growth, with 109.8 GWh of new energy storage capacity added, bringing the total installed capacity to 184.2 GWh, surpassing pumped storage for the first time [3] - East China Securities noted a rebound in terminal energy storage system prices since the second quarter of last year, driven by demand in emerging markets and the core drivers of energy storage installations being consumption, profitability, and electricity reliability [3]

Core Insights - The automotive exhaust purification market in China is experiencing significant growth due to increasing vehicle ownership and stricter environmental regulations, with a market size projected to reach 79.74 billion yuan in 2024, a year-on-year increase of 5.02% [1][11] - The rapid development of new energy vehicles presents new opportunities for the exhaust purification industry, as hybrid vehicles and internal combustion engine auxiliary systems still require effective exhaust purification solutions [1][11] Industry Overview - Automotive exhaust purifiers are devices installed in the exhaust systems of vehicles to reduce and purify harmful substances in exhaust gases, protecting the environment and human health [3] - The working principle involves physical filtration, chemical reactions, and biological degradation to convert harmful gases into less harmful substances [3] Types of Exhaust Purification Devices - Common types of exhaust purification devices include three-way catalytic converters, diesel particulate filters (DPF), selective catalytic reduction (SCR), and activated carbon canisters [5] - The three-way catalytic converter is one of the most widely used devices, utilizing precious metals like platinum, rhodium, and palladium to convert harmful substances [5] Industry Chain - The upstream of the automotive exhaust purification industry includes raw materials such as metal, ceramic, and rare earth materials, which are essential for manufacturing purifiers [7] - The midstream involves the production and manufacturing of exhaust purifiers, while the downstream encompasses various applications in gasoline, diesel, and fuel cell vehicles [7] Market Demand and Growth - The increasing economic development and rising income levels in China have led to a surge in vehicle purchases, with the total number of vehicles expected to grow from 194 million in 2016 to 353 million by 2024, reflecting a compound annual growth rate of 7.8% [9] - Despite the growth of new energy vehicles, fuel vehicles still dominate the market, necessitating the installation of exhaust purifiers to mitigate pollution [9] Competitive Landscape - The automotive exhaust purification industry features a mix of domestic and international brands, with companies focusing on R&D to enhance purification efficiency and reduce material costs [15] - Key domestic players include Anhui Aikelan Environmental Protection Co., Ltd., Shandong Aofu Environmental Protection Technology Co., Ltd., and Chongqing Hait Automotive Exhaust System Co., Ltd. [15] Industry Development Trends - Technological innovation and upgrades are crucial for the development of the automotive exhaust purification industry, with new materials and technologies improving purification efficiency [21] - International cooperation and competition are expected to increase, as companies work together to address global climate challenges while enhancing their technological capabilities [22][23]

Core Viewpoint - The company has announced a guarantee plan for its wholly-owned subsidiary, Sichuan Zhongzi Future Energy Co., Ltd., with a total guarantee amount of 10 million yuan, which is part of a larger approved guarantee limit of 2.5 billion yuan for the year 2025 [1][2]. Summary by Sections 1. Overview of Guarantee Situation - The company has provided a guarantee of 10 million yuan to Sichuan Zhongzi Future Energy Co., Ltd. to meet its operational funding needs, bringing the total guarantee balance to 34 million yuan [1]. - There are no counter-guarantees associated with this guarantee, and there are no overdue guarantees [1]. 2. Internal Decision-Making Process for Guarantee - The company’s board of directors approved the guarantee plan during meetings held on April 29, 2025, and May 20, 2025, allowing for a total guarantee limit of up to 2.5 billion yuan for 2025, with 800 million yuan allocated for Sichuan Zhongzi Future Energy Co., Ltd. and its subsidiaries [2]. 3. Basic Information of the Guaranteed Entity - Sichuan Zhongzi Future Energy Co., Ltd. is a wholly-owned subsidiary of the company, with total assets of approximately 166.1 million yuan and a net asset value of -4.78 million yuan [4][5]. 4. Main Content of the Guarantee Agreement - The guarantee covers all payments due under the financing lease contract, including rent, overdue interest, penalties, and other costs incurred to realize the debt [5]. 5. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to support the daily operational funding needs of the subsidiary, contributing to the company's stable operations and long-term development [5]. 6. Cumulative External Guarantee Amount and Overdue Guarantees - As of the announcement date, the total external guarantee amount provided by the company is 264 million yuan, accounting for 14.3% of the company's audited net assets for 2024, with no overdue guarantees reported [6].

证券代码：688737 证券简称：中自科技 公告编号：2025-039 中自科技股份有限公司 关于 2025 年度对外担保计划的进展公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 被担保人四川中自未来能源有限公司（以下简称"中自未来"）系中自 科技股份有限公司（以下简称"公司"或"中自科技"）合并报表范围内子公司， 系公司的全资子公司，不属于关联担保。 本次担保金额及已实际为其提供的担保余额：公司本次为中自未来提供 的担保金额为 1,000 万元，截至本公告披露日，公司已实际为中自未来提供的担 保余额为 3,400 万元（含本次担保）。 本次担保是否有反担保：无 对外担保逾期的累计金额：无 本次担保已经公司股东会审议通过。 担保。其中，中自未来及其子公司担保额度为 8 亿元。前述担保额度及授权有效 期自公司 2024 年年度股东会审议通过之日起至 2025 年年度股东会召开之日止。 公司管理层将根据实际经营情况的需要，在担保额度内办理具体事宜，同时由相 关被授权人签署有关担保合同等各项法律文件。 本次 ...

Group 1 - The major shareholder, Nanjing Yinanling Ying New Energy Industry Investment Fund Partnership (Limited Partnership), held 7,847,585 shares, accounting for 6.56% of the total share capital before the reduction plan [1][2] - As of June 10, 2025, the shareholder reduced their holdings by 198,800 shares, completing the reduction plan [2] - The reduction was executed through centralized bidding, with a price range of 20.61 to 22.63 yuan per share, totaling 4,326,614.34 yuan [2] Group 2 - The current shareholding after the reduction is 7,648,785 shares, representing 6.40% of the total share capital [2] - The actual reduction was consistent with the previously disclosed reduction plan, which allowed for a maximum reduction of 3% [2] - The reduction period spanned from March 11, 2025, to June 10, 2025, and the plan was fully implemented [2]

证券代码：688737 证券简称：中自科技 公告编号：2025-038 本次减持计划实施前，中自科技股份有限公司（以下简称"公司"）股东南 京银鞍岭英新能源产业投资基金合伙企业（有限合伙）（以下简称"银鞍岭英"） 持有公司股份 7,847,585 股，占公司总股本的 6.56%。 上述股份来源为公司首次公开发行前取得的股份，首次公开发行前股份已于 2022 年 10 月 24 日起上市流通。 减持计划的实施结果情况 中自科技股份有限公司 关于持股 5%以上股东减持股份结果公告 本公司董事会、全体董事及相关股东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、准确性和完整性依法承担法律 责任。 重要内容提示： 大股东持有股份的基本情况 2025 年 6 月 10 日，公司收到银鞍岭英出具的《关于已完成公司股份减持计 划告知的函》，截至 2025 年 6 月 10 日，银鞍岭英及其一致行动人已减持 198,800 股公司股票，减持计划实施完毕。 股东名称 银鞍岭英 股东身份 控股股东、实控人及一致行动人 □是 √否 直接持股 5%以上股东 √是 □否 董事、监事和高级管理人员 □是 ...

Summary of Key Points - The company Zhongzi Technology announced that shareholder Yin'anling Ying and its concerted parties have reduced their holdings by 198,800 shares [1] - The reduction plan was completed with a price range of 20.61 to 22.63 yuan per share, totaling 4.3266 million yuan [1] - After the reduction, Yin'anling holds 7,648,800 shares, representing 6.40% of the total shares [1] - The initial disclosure date of the reduction plan was February 18, 2025, with the reduction period from March 11, 2025, to June 10, 2025 [1]

Core Viewpoint - The company has successfully completed a share repurchase program, acquiring a total of 2,062,238 shares, which represents 1.72% of its total share capital, with a total expenditure of approximately 29.99 million yuan [1][2][3]. Summary by Sections Share Repurchase Plan - The share repurchase plan was first disclosed on June 13, 2024, with an implementation period from June 6, 2024, to June 5, 2025 [1]. - The expected repurchase amount ranges from 20 million yuan to 40 million yuan, with a maximum repurchase price set at 29.10 yuan per share [2]. Implementation Details - The company initiated the share repurchase on June 12, 2024, and disclosed the first repurchase announcement on June 13, 2024 [2]. - By June 5, 2025, the company had repurchased 2,062,238 shares at a price range of 13.06 yuan to 17.30 yuan per share, with an average price of 14.54 yuan per share [2][3]. - The total funds used for the repurchase amounted to 29,989,791.76 yuan, excluding transaction fees [2]. Financial Impact - The funds used for the share repurchase were entirely from the company's own resources, ensuring no significant impact on its operations, finances, or future development [3]. - The share repurchase will not alter the company's control structure, and the distribution of shares post-repurchase remains compliant with listing requirements [3]. Shareholder Rights and Future Plans - The repurchased shares will be allocated for employee stock ownership plans or equity incentives, and during the holding period, these shares will not have voting rights or profit distribution rights [5]. - If the company does not utilize the repurchased shares within three years, any untransferred shares will be canceled [5].

证券代码：688737 证券简称：中自科技 公告编号：2025-037 中自科技股份有限公司 关于股份回购实施结果的公告 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。 重要内容提示： | 回购方案首次披露日 | 2024/6/13 | | --- | --- | | 回购方案实施期限 | 年 月 年 月 日 2024 6 6 日~2025 6 5 | | 预计回购金额 | 2,000万元~4,000万元 | | 回购价格上限 | 29.10元/股 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 实际回购股数 | 2,062,238股 | | 实际回购股数占总股本比例 | 1.72% | | 实际回购金额 | 29,989,791.76元 | | 实际回购价格区间 | 13.06元/股~17.30元/股 | 一、 回购审批情况和回购方案内容 2024 年 6 月 6 日，公司召开第三届董事会第二十四次临时会议，审议通过了 《关于以集中竞价 ...