Core Viewpoint - Jiangnan Mould & Plastic Technology Co., Ltd. announced the completion of its controlling shareholder's share reduction plan, which involved a decrease of 9,180,100 shares, representing 1.00% of the company's total share capital [2][3]. Group 1: Shareholder Reduction Plan - The controlling shareholder, Jiangyin Mould Group Co., Ltd., planned to reduce its holdings by up to 9,180,153 shares (1.00% of total shares) within three months following the pre-disclosure announcement [2]. - The share reduction was executed through centralized bidding on the secondary market from November 5 to November 6, 2025, with a total of 9,180,100 shares sold [2][3]. Group 2: Compliance and Impact - The implementation of the share reduction plan was consistent with the pre-disclosed plan and complied with relevant laws and regulations, including the Securities Law of the People's Republic of China and the Shenzhen Stock Exchange rules [3]. - The share reduction will not lead to any changes in the company's control or affect its governance structure and ongoing operations [3].

股票代码：000700 股票简称：模塑科技 公告编号：2025-060 江南模塑科技股份有限公司 关于控股股东减持股份触及 1%整数倍暨减持计划实施完成的公告 股东江阴模塑集团有限公司保证向本公司提供的信息内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 江南模塑科技股份有限公司（以下简称"公司"）于 2025 年 10 月 10 日披露了《关 于控股股东股份减持计划的预披露公告》【2025-055】。江阴模塑集团有限公司（以下简 称"模塑集团"）计划自减持预披露公告发布之日起 15 个交易日后的 3 个月内通过集中 竞价方式减持本公司股份不超过 9,180,153 股（占公司总股本比例 1.00%）。 2025 年 11 月 5 日至 2025 年 11 月 6 日期间，模塑集团通过二级市场集中竞价交易 方式减持 9,180,100 股公司股份，占公司总股本的 1.00%，本次权益变动触及 1%的整数 倍。截至本公告披露日，模塑集团本次减持计划实施完成。具体情况如下： | 1．基本情况 | | | | --- | --- | - ...

Group 1 - The core point of the article is that Mould Technology (000700.SZ) announced the completion of a share reduction plan by Mould Group, which involved selling 9,180,100 shares, accounting for 1.00% of the company's total share capital [1] Group 2 - The share reduction took place between November 5, 2025, and November 6, 2025, through a centralized bidding transaction in the secondary market [1] - The reduction plan was completed as of the date of the announcement [1] - The share reduction triggered a change in equity that reached the 1% integer multiple threshold [1]

Group 1 - The controlling shareholder, Jiangyin Mould Group Co., Ltd., reduced its holdings by 9.1801 million shares from November 5 to November 6, 2025, accounting for 1.00% of the company's total share capital [1] - The average reduction price was 10.15 yuan, and the reduction plan has been completed [1] - Prior to the reduction, Jiangyin Mould Group held 347 million shares, representing 37.81% of the total shares, and after the reduction, it holds 338 million shares, representing 36.81% [1] Group 2 - The reduction plan disclosed on October 10, 2025, indicated a maximum reduction of 9.1802 million shares, also accounting for 1.00% [1]

Core Viewpoint - Jiangyin Mould Group Co., Ltd. reduced its stake in Mould Technology by 9.1801 million shares, representing 1.00% of the total share capital, without affecting the company's control or governance structure [1] Summary by Relevant Sections - **Shareholding Changes** - Jiangyin Mould Group's shareholding decreased to 337.964982 million shares, which is 36.81% of the total share capital after the reduction [1] - **Reduction Details** - The share reduction took place from November 5 to November 6, 2025, through centralized bidding [1] - **Compliance and Impact** - The reduction plan was executed as previously disclosed, with no violations reported, and it will not lead to changes in the company's control or impact its ongoing operations [1]

Core Viewpoint - Moulding Technology Co., Ltd. has seen a stock price increase of 5.66% to 10.64 CNY per share, with a trading volume of 327 million CNY and a market capitalization of 9.768 billion CNY as of November 6 [1] Company Overview - Jiangnan Moulding Technology Co., Ltd. was established on June 27, 1988, and listed on February 28, 1997. The company is located in Jiangyin City, Jiangsu Province, and its main business includes the development, production, and sales of automotive bumpers and other components, plastic products, molds, and high-tech molded products [1] - The revenue composition of the company is as follows: automotive parts manufacturing 84.59%, specialized equipment and mold manufacturing 6.95%, medical services 3.48%, castings 2.58%, others (supplementary) 1.28%, and real estate leasing 1.11% [1] Fund Holdings - Huafu Fund has a significant holding in Moulding Technology, with the Huafu Times Selected Mixed A Fund (016119) holding 317,500 shares, accounting for 6.7% of the fund's net value, making it the second-largest holding [2] - The Huafu Times Selected Mixed A Fund was established on December 1, 2022, with a latest scale of 44.6466 million CNY. Year-to-date returns are 20.16%, ranking 4274 out of 8149 in its category, while the one-year return is 18.32%, ranking 3865 out of 8053. Since inception, the fund has experienced a loss of 2.92% [2] Fund Manager Information - The fund manager of Huafu Times Selected Mixed A Fund is Wang Yiwei, who has been in the position for 4 years and 10 days. The total asset size of the fund is 496 million CNY, with the best fund return during his tenure being 86.22% and the worst being -32.32% [3]

Group 1: Financial Performance - The company's gross profit margin is higher than its peers in the domestic automotive industry due to strategic investments in technology and long-term supplier relationships [2] - As of October 31, 2025, the number of shareholders is 68,232 [3] - The total amount of major projects awarded by the company as of the end of October is approximately 1 billion [3] Group 2: Business Strategy - The company focuses on enhancing product quality through increased R&D investment, which forms a competitive advantage [2] - The overseas business has a significantly higher gross profit margin compared to domestic operations due to lower competition and the transfer of efficient production practices [2] - The company is currently assessing its technological capabilities and conducting market research to advance its robotics project [3] Group 3: Operational Insights - The company has no plans to divest its hospital operations, instead focusing on enhancing its cardiovascular department through partnerships with medical experts [3]

Core Insights - Material substitution is a key method for achieving lightweight design in humanoid robots, with major manufacturers already implementing this approach [1][3] - Aluminum alloy remains the primary material for lightweight applications in the automotive sector, while magnesium alloy is emerging as a new contender due to its superior performance and favorable price ratio [2] - High-end engineering plastics, particularly PEEK, PPS, and LCP, are increasingly replacing traditional metals in humanoid robots, contributing significantly to lightweight design [3] Industry Overview - Lightweight design can be achieved through structural optimization and material substitution, addressing four major pain points: enhancing battery life, optimizing energy efficiency, alleviating heat dissipation issues, and improving operational flexibility [1] - The injection molding market for engineering plastics shows promising prospects, with PEEK, PPS, and LCP being highlighted for their exceptional properties [3] Company Recommendations - Aikodi (600933): Expanding lightweight product categories and establishing a dual-driven development model [4] - Xingyuan Zhuomei (301398): Focusing on magnesium alloy die-casting core technology to drive lightweight growth [4] - Moulding Technology (000700): Targeting the lightweight path of substituting plastics for steel with high-quality customer resources [4] - Hengbo Co., Ltd. (301225): A national specialized small giant entering the PEEK lightweight sector through joint ventures [4]

Group 1 - The core point of the article is that Zhejiang Xingtai Molding Technology Co., Ltd. has obtained a patent for an efficient injection mold structure and process for automotive injection parts, with the patent number CN 120588447 B and an application date of August 2025 [1] - Zhejiang Xingtai Molding Technology Co., Ltd. was established in 1999 and is located in Taizhou, primarily engaged in the manufacturing of specialized equipment [1] - The company has a registered capital of 44.68 million RMB and has made investments in 4 enterprises, participated in 116 bidding projects, and holds 122 patents along with 7 trademark registrations [1]

Core Viewpoint - Moulding Technology's stock has experienced fluctuations, with a year-to-date increase of 44.50%, but a recent decline in revenue and profit margins raises concerns about its financial health [1][2]. Financial Performance - As of September 30, 2025, Moulding Technology reported a revenue of 5.107 billion yuan, a year-on-year decrease of 2.70%, and a net profit attributable to shareholders of 375 million yuan, down 30.42% year-on-year [2]. - The company has cumulatively distributed 1.546 billion yuan in dividends since its A-share listing, with 498 million yuan distributed over the past three years [3]. Stock Market Activity - On November 4, Moulding Technology's stock price fell by 2.09% to 9.83 yuan per share, with a trading volume of 228 million yuan and a turnover rate of 2.50% [1]. - The stock has seen a net outflow of 21.2035 million yuan in principal funds, with significant selling pressure from large orders [1]. Shareholder Structure - As of September 30, 2025, the number of shareholders decreased by 19.25% to 67,400, while the average circulating shares per person increased by 23.84% to 13,610 shares [2]. - Hong Kong Central Clearing Limited is the second-largest circulating shareholder, increasing its holdings by 12.1689 million shares [3].