Core Viewpoint - The stock of Zhouming Technology has experienced fluctuations, with a recent decline of 2.10% and a year-to-date increase of 19.29%, indicating volatility in market performance [1] Company Overview - Zhouming Technology, established on October 26, 2004, and listed on June 22, 2011, specializes in the production and sale of LED displays, LED lighting, and landscape lighting engineering services [1] - The company's revenue composition includes smart displays (93.70%), smart lighting (5.06%), other (0.71%), and cultural lighting (0.54%) [1] Financial Performance - For the first half of 2025, Zhouming Technology reported a revenue of 3.658 billion yuan, representing a year-on-year growth of 7.38%, and a net profit attributable to shareholders of 121 million yuan, up 20.61% [2] - The company has distributed a total of 538 million yuan in dividends since its A-share listing, with 331 million yuan in the last three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders decreased to 37,000, with an average of 23,973 circulating shares per person, an increase of 1.17% [2] - Major shareholders include Hong Kong Central Clearing Limited and E Fund Supply-side Reform Mixed Fund, with notable changes in their holdings [3]

Core Viewpoint - The stock of Zhouming Technology has shown a mixed performance recently, with a year-to-date increase of 24.87% but a decline of 3.50% over the last five trading days [1] Group 1: Company Overview - Zhouming Technology, established on October 26, 2004, and listed on June 22, 2011, is headquartered in Shenzhen, China, and specializes in the production and sale of LED displays, LED lighting, and landscape lighting engineering services [1] - The company's main business revenue composition includes smart displays (93.70%), smart lighting (5.06%), other (0.71%), and cultural creative lighting (0.54%) [1] Group 2: Financial Performance - For the first half of 2025, Zhouming Technology achieved operating revenue of 3.658 billion yuan, representing a year-on-year growth of 7.38%, and a net profit attributable to shareholders of 121 million yuan, up 20.61% year-on-year [2] - Since its A-share listing, Zhouming Technology has distributed a total of 538 million yuan in dividends, with 331 million yuan distributed over the past three years [2] Group 3: Shareholder and Market Activity - As of June 30, 2025, the number of shareholders for Zhouming Technology was 37,000, a decrease of 1.15% from the previous period, with an average of 23,973 circulating shares per person, an increase of 1.17% [2] - The stock's trading activity on September 24 showed a net outflow of 13.45 million yuan from main funds, with significant buying and selling activity from large orders [1]

Group 1 - The wearable device industry is experiencing significant growth driven by favorable national policies and surging market demand, with shipment volumes increasing by over 60% year-on-year [1] - The National Sports Administration has issued guidelines to promote the digital and intelligent upgrade of health services, providing strong policy support for the application of wearable devices in health management, indicating the industry's elevation to a national strategic level [2] - Wearable devices are evolving from basic fitness tracking to advanced health management functions, such as continuous glucose monitoring and ECG recording, with potential applications expanding into healthcare and industrial internet sectors [2] Group 2 - According to IDC, the global wrist-worn device market is projected to grow by 12.3% year-on-year by Q2 2025, with China's market leading at a growth rate of 33.8%, and the adult smart watch market in China experiencing a remarkable 64% increase [4] - The market is showing a polarization trend, with growth rates of 66.1% for products priced below 1,000 yuan and 110.2% for high-end products priced above 2,000 yuan, indicating a simultaneous trend of market coverage and consumer upgrade [4] Group 3 - The thriving industry has attracted significant foreign capital interest, with 20 wearable device concept stocks being investigated by foreign institutions since July, highlighting companies like Luxshare Precision and Crystal Optoelectronics as popular targets [5] - Luxshare Precision revealed its extensive involvement in the AI glasses sector, supporting about one-third of the market, and maintaining deep collaborations with leading global clients, positioning itself for a competitive advantage [5] - As of mid-2023, 17 wearable device concept stocks have received substantial QFII investments, with a total market value of nearly 2.2 billion yuan, reflecting long-term confidence from foreign investors in core industry assets [5]

Company Overview - Shenzhen Zhouming Technology Co., Ltd. is headquartered in Bao'an District, Shenzhen, and was established on October 26, 2004, with its listing date on June 22, 2011 [1] - The company specializes in the production and sales of LED display screens, LED decorative lights, and LED lighting products, as well as providing landscape lighting engineering services [1] - The revenue composition of the company includes smart displays at 93.70%, smart lighting at 5.06%, other at 0.71%, and cultural creative lighting at 0.54% [1] Stock Performance - On September 23, Zhouming Technology's stock fell by 5.1%, closing at 8.00 CNY per share, with a trading volume of 287 million CNY and a turnover rate of 4.00%, resulting in a total market capitalization of 8.729 billion CNY [1] Fund Holdings - According to data, one fund under Caitong Securities Asset Management holds a significant position in Zhouming Technology, specifically the Caitong Asset Management CSI 1000 Index Enhanced A (019402), which held 47,600 shares in the second quarter, accounting for 3.1% of the fund's net value, ranking as the fifth-largest holding [2] - The fund has a current scale of 10.2815 million CNY and has achieved a year-to-date return of 20.32%, ranking 2490 out of 4220 in its category [2] Fund Manager Information - The fund manager of Caitong Asset Management CSI 1000 Index Enhanced A is Xin Chenchen, who has been in the position for 5 years and 16 days, with the fund's total asset scale at 11.1061 million CNY [3] - During the manager's tenure, the best fund return was 34.09%, while the worst return was -34.95% [3]

Group 1 - The core point of the news is that Zhouming Technology's stock price has dropped by 5.1%, currently trading at 8.00 CNY per share, with a market capitalization of 8.729 billion CNY [1] - Zhouming Technology, established on October 26, 2004, specializes in the production and sale of LED display screens, LED decorative lights, and LED lighting products, with a revenue composition of 93.70% from smart displays, 5.06% from smart lighting, and smaller contributions from other segments [1] - The company has its headquarters in Shenzhen and operates multiple production and research facilities in Shenzhen, Huizhou, and Zhongshan [1] Group 2 - Jin Yuan Shun An Fund holds a significant position in Zhouming Technology, with its fund, Jin Yuan Shun An Value Growth Mixed Fund (620004), reducing its holdings by 5.93 thousand shares in the second quarter, now holding 19.64 thousand shares, which represents 2.04% of the fund's net value [2] - The fund has reported a floating loss of approximately 84,500 CNY due to the recent decline in Zhouming Technology's stock price [2] - Jin Yuan Shun An Value Growth Mixed Fund has a total asset size of 69.7686 million CNY and has achieved a year-to-date return of 20.36%, ranking 4315 out of 8172 in its category [2]

Group 1 - The company announced the termination of its sixth employee stock ownership plan during the fourth meeting of the sixth board of directors, scheduled for September 22, 2025 [2] - The board of directors has approved the proposal to terminate the implementation of the sixth employee stock ownership plan [2] - The announcement was made on the evening of September 22 [2]

公司终止实施第六期员工持股计划，不会对公司的发展战略、经营规划等方面造成影响，也不会对公司 的财务状况和经营成果产生影响。公司将根据发展需要、经营情况、市场环境等，持续完善长效激励机 制，吸引和保留优秀人才，充分调动核心骨干员工的积极性和创造性，促进公司持续、健康发展。同 时，公司不排除在未来12个月内推出新的员工持股计划的可能，公司将严格按照有关规定履行审批程 序，并及时履行相关信息披露义务。 格隆汇9月22日丨洲明科技(300232.SZ)公布，根据《关于上市公司实施员工持股计划试点的指导意 见》、《深圳证券交易所上市公司自律监管指引第2号——创业板上市公司规范运作》等法律法规、规 范性文件及公司《第六期员工持股计划管理办法》的相关规定，结合公司未来发展战略规划等综合评估 分析，为更好地维护公司、股东和员工的利益，经慎重考虑，公司决定终止本员工持股计划，本员工持 股计划管理办法等文件一并终止。 ...

公司终止实施第六期员工持股计划，不会对公司的发展战略、经营规划等方面造成影响，也不会对公司 的财务状况和经营成果产生影响。公司将根据发展需要、经营情况、市场环境等，持续完善长效激励机 制，吸引和保留优秀人才，充分调动核心骨干员工的积极性和创造性，促进公司持续、健康发展。同 时，公司不排除在未来12个月内推出新的员工持股计划的可能，公司将严格按照有关规定履行审批程 序，并及时履行相关信息披露义务。 格隆汇9月22日丨洲明科技(300232.SZ)公布，根据《关于上市公司实施员工持股计划试点的指导意 见》、《深圳证券交易所上市公司自律监管指引第2号——创业板上市公司规范运作》等法律法规、规 范性文件及公司《第六期员工持股计划管理办法》的相关规定，结合公司未来发展战略规划等综合评估 分析，为更好地维护公司、股东和员工的利益，经慎重考虑，公司决定终止本员工持股计划，本员工持 股计划管理办法等文件一并终止。 ...

智通财经APP讯，洲明科技(300232.SZ)公告，公司董事会同意终止实施公司第六期员工持股计划，与之 配套的公司《第六期员工持股计划管理办法》等文件一并终止。 ...

洲明科技（300232）(300232.SZ)公告，公司董事会同意终止实施公司第六期员工持股计划，与之配套 的公司《第六期员工持股计划管理办法》等文件一并终止。 ...