Core Viewpoint - Zhongmi Holdings (300470.SZ) announced on the investor interaction platform that its subsidiary Youtaike has established collaborations with several leading hydraulic companies, both domestically and internationally, including Hengli Hydraulic [1] Group 1 - Zhongmi Holdings' subsidiary Youtaike is collaborating with multiple hydraulic industry leaders [1]

Core Viewpoint - Zhongmi Holdings experienced a decline in stock price, with a current trading price of 36.82 CNY per share and a market capitalization of 7.657 billion CNY [1] Stock Performance - Year-to-date stock price decreased by 1.02% - Stock price increased by 2.05% over the last 5 trading days - Stock price decreased by 5.25% over the last 20 trading days - Stock price decreased by 0.19% over the last 60 trading days [2] Company Overview - Zhongmi Holdings, established on September 29, 1993, and listed on June 12, 2015, is located in Chengdu, Sichuan Province - The company specializes in the design, research and development, manufacturing, and sales of various mechanical seals, providing comprehensive technical services [2] - Revenue composition includes: - Mechanical seals: 31.09% - Dry gas seals and control systems: 24.36% - Rubber and plastic seals: 12.58% - Auxiliary systems for mechanical seals: 11.01% - Special valves: 7.14% - Seal product repair: 4.94% - Other products: 4.33% - Spare parts: 4.22% - Other (supplementary): 0.34% [2] Financial Performance - For the first half of 2025, Zhongmi Holdings achieved revenue of 858 million CNY, representing a year-on-year growth of 18.45% - The net profit attributable to shareholders was 187 million CNY, with a year-on-year growth of 8.10% [2] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 15.39% to 14,800 - The average circulating shares per person increased by 18.32% to 13,308 shares [2] - The company has distributed a total of 919 million CNY in dividends since its A-share listing, with 617 million CNY distributed in the last three years [3] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited is the second-largest circulating shareholder, holding 19.5233 million shares, an increase of 690,100 shares from the previous period - Fu Guo Tian Hui Growth Mixed Fund (LOF) A/B remains the third-largest circulating shareholder, holding 10 million shares, unchanged from the previous period [3]

证券代码：300470 证券简称：中密控股 公告编号：2025-044 中密控股股份有限公司 2025 年半年度权益分派实施公告 本公司及董事会全体成员保证信息披露内容的真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 中密控股股份有限公司（以下简称"公司"或"本公司"）2025年半年度利 润分配方案已获2025年9月17日召开的2025年第一次临时股东会审议通过，现将 权益分派事宜公告如下： 一、股东会审议通过利润分配方案的情况 1、公司于2025年9月17日召开了2025年第一次临时股东会，审议通过《关于 2025年半年度利润分配方案的议案》，具体内容详见同日刊登在中国证监会指定 创业板信息披露媒体巨潮资讯网(http://www.cninfo.com.cn)的相关公告。 公司2025年半年度权益分派方案为：以公司股权登记日总股本为基数（现有 总股本为207,961,737股），向全体股东每10股派5.000000元人民币现金（含税； 扣税后，通过深股通持有股份的香港投资者、QFII、RQFII以及持有首发前限售 股的个人和证券投资基金每10股派4.500000元；持有首发后限售股、股权激励限 售 ...

中密控股2025年半年度利润分配方案已获2025年9月17日召开的第一次临时股东会审议通过。以现有总 股本207,961,737股为基数，向全体股东每10股派发现金红利5元（含税），预计派发现金红利 103,980,868.5元（含税）。本次不进行资本公积金转增股本和股票股利分配。股权登记日为2025年10月 17日，除权除息日为10月20日。公司委托中国结算深圳分公司代派A股股东现金红利，部分股东现金红 利由公司自行派发。 ...

证券代码：300470 证券简称：中密控股 公告编号：2025-043 中密控股股份有限公司 中密控股股份有限公司（以下简称"公司"）的控股子公司优泰科（苏州） 密封技术有限公司（以下简称"优泰科"）于近日收到由中华人民共和国国家知 识产权局颁发的1项专利证书，获得形式为原始取得，所涉及技术与优泰科主要 技术相关，具体情况如下： 关于取得专利证书的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 上述专利的取得不会对公司目前经营产生重大影响，但有利于巩固和保持公 司技术优势，提升公司的核心竞争力。 特此公告。 中密控股股份有限公司董事会 二〇二五年九月二十九日 | 序 | 期 | 限 | 名称 | 类型 | 专利号 | 专利权人 | 申请日 | 授权公告日 | 备注 | 号 | （年） | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

Group 1 - The core focus of the company is on humanoid robots, with the main component being the joint module [1] - The company's mechanical sealing products are not typically used in humanoid robots, but some rubber and plastic sealing products may be applicable [1] - The subsidiary, Youtai Technology, specializes in rubber and plastic sealing, and its existing technology and product design can be applied to the robotics industry, although there is still a performance gap compared to industry requirements [1]

Group 1 - The company has not established a dedicated military product production line [1] - The company's products primarily focus on the petrochemical and coal chemical industries [1]

Investment Rating - The investment rating for the company is "Outperform the Market" [5][21]. Core Views - The company is a leader in mechanical seals, with international business expansion providing growth opportunities. In the first half of 2025, revenue increased by 18.45% year-on-year to 858 million yuan, while net profit attributable to shareholders grew by 8.10% to 187 million yuan. Excluding stock incentive expenses, net profit was 202 million yuan, reflecting a 16.76% increase [1][3]. - The growth in revenue is attributed to the domestic growth in the mechanical seal segment and the acquisition of German company KS GmbH. However, the gross margin and net margin decreased by 3.11 and 2.10 percentage points respectively, primarily due to the lower gross margin of the newly consolidated KS GmbH and increased competition in some incremental market projects [1][3]. Summary by Relevant Sections Revenue and Profitability - In the first half of 2025, the equipment manufacturing segment generated 385 million yuan in revenue, a year-on-year increase of 18.47%, driven by successful market expansion in domestic large petrochemical projects and steady progress in international business. International revenue exceeded 85 million yuan, with a growth of slightly over 10% [2]. - The gross margin for incremental business was 27.56%, down by 3.45 percentage points due to intensified project competition. For existing businesses, revenue from petrochemical, coal chemical, and other segments was 189 million yuan, 64 million yuan, and 49 million yuan respectively, with year-on-year growth rates of 9.58%, 10.58%, and 11.61% [2]. Segment Performance - The rubber and plastic sealing segment achieved revenue of 108 million yuan in the first half of 2025, a significant increase of 60.92%, mainly due to the consolidation of KS GmbH. The subsidiary Yutai Technology maintained stable revenue of 74 million yuan, with a net profit of 15 million yuan, reflecting a 13.04% increase [3]. - The special valve segment reported revenue of 61 million yuan, a year-on-year increase of 9.6%, with a gross margin of 47.91%, up by 0.97 percentage points. The net profit for this segment was 6.5 million yuan, a decrease of 2.09% [3]. Financial Forecasts - The company maintains its profit forecasts for 2025-2027, expecting net profits of 419 million yuan, 484 million yuan, and 558 million yuan respectively, corresponding to P/E ratios of 19, 17, and 14 times [3][4].

Group 1 - The company, Zhongmi Holdings, announced the receipt of two patent certificates from the National Intellectual Property Administration of the People's Republic of China [2] - The patents are related to technologies that are primarily associated with the company's main operations [2]

Investment Rating - The investment rating for the company is "Outperform the Market" [5] Core Views - The company is a leader in mechanical seals, with international business expansion providing growth opportunities. In the first half of 2025, revenue increased by 18.45% year-on-year to 858 million yuan, while net profit attributable to shareholders grew by 8.10% to 187 million yuan. Excluding stock incentive expenses, net profit was 202 million yuan, reflecting a 16.76% increase [1][3] - The growth in revenue is attributed to the domestic growth in the mechanical seal segment and the acquisition of German company KS GmbH. However, the gross margin and net margin decreased by 3.11 and 2.10 percentage points respectively, primarily due to the lower gross margin of the newly consolidated KS GmbH and increased competition in some incremental market projects [1][3] - The company has maintained good control over operating expenses, with financial expenses decreasing due to increased exchange gains and interest income. However, operating cash flow decreased by 38.94% year-on-year to 46 million yuan [1] Revenue and Profitability - Incremental business revenue in the equipment manufacturing sector reached 385 million yuan, up 18.47% year-on-year, driven by successful market expansion in domestic large petrochemical projects and steady progress in international business. International business revenue exceeded 85 million yuan, with a slight growth of over 10% [2] - The gross margin for incremental business was 27.56%, down 3.45 percentage points, mainly due to intensified project competition. In terms of existing business, revenue from petrochemical, coal chemical, and other segments was 189 million yuan, 64 million yuan, and 49 million yuan respectively, with year-on-year growth of 9.58%, 10.58%, and 11.61% [2] Segment Performance - The rubber and plastic sealing segment achieved revenue of 108 million yuan, a significant increase of 60.92% year-on-year, with a gross margin of 32.09%. This growth was mainly due to the consolidation of KS GmbH. The subsidiary Yutai Technology maintained stable revenue of 74 million yuan, with net profit increasing by 13.04% to 15 million yuan [3] - The special valve segment reported revenue of 61 million yuan, a year-on-year increase of 9.6%, with a gross margin of 47.91%, up 0.97 percentage points. Net profit for this segment was 6.5 million yuan, a decrease of 2.09% [3] Financial Forecasts - The company maintains its profit forecasts for 2025-2027, expecting net profits attributable to shareholders to be 419 million yuan, 484 million yuan, and 558 million yuan respectively, corresponding to PE ratios of 19, 17, and 14 times [3][4]