Core Viewpoint - The company has signed an EPC contract for a factory construction project in Thailand, which is expected to alleviate domestic capacity pressure and enhance overseas sales and service capabilities [1] Group 1: Contract Details - The contract was signed between the company's Thai subsidiary, China State Construction Engineering (Thailand) Co., Ltd., and Shiyuan Technology Engineering Co., Ltd. [1] - The total contract amount is 972 million Thai Baht [1] - The project includes the construction of two factory buildings, one auxiliary functional building, one hazardous materials and waste warehouse, and one solid waste warehouse, with a total construction area of approximately 50,000 square meters [1] Group 2: Market Impact - The signing and execution of the contract will help meet the growing market demand [1] - The project is expected to enhance the company's overseas production and sales service capabilities [1]

Core Viewpoint - The company has signed an EPC contract for a factory construction project in Thailand, indicating a strategic move to expand its production capabilities overseas [1] Group 1: Contract Details - The contract amount is 972 million Thai Baht, equivalent to approximately 214 million RMB [1] - This is a fixed-price contract that includes all compensation for the contractor's completion of the work [1] Group 2: Project Location and Purpose - The project is located in the WHA Industrial Park in Rayong Province, Thailand [1] - The investment aims to establish an overseas production base primarily for manufacturing graphite films, die-cut graphite, thermal interface materials, shielding materials, and adhesives [1]

Core Viewpoint - Zhongshi Technology (300684.SZ) has signed an EPC engineering general contracting agreement for a factory construction project with China State Construction Engineering (Thailand) Co., Ltd. and Shiyuan Technology Engineering Co., Ltd., with a total contract value of 97,241.60 million Thai Baht, equivalent to 21,400.00 million RMB based on the exchange rate of 4.5440:1 [1] Group 1 - The contract is for a factory construction project in Thailand [1] - The total contract amount is 97,241.60 million Thai Baht [1] - The equivalent amount in RMB is 21,400.00 million [1]

Core Viewpoint - The company has signed an EPC contract for a factory construction project in Thailand, indicating a strategic move to expand its production capabilities in the region [1] Group 1: Contract Details - The contract amount is 972 million Thai Baht, equivalent to approximately 214 million RMB [1] - It is a fixed-price contract that includes all compensation for the contractor to complete the work under this contract [1] Group 2: Project Location and Purpose - The project is located in the WHA Industrial Park in Rayong Province, Thailand [1] - The investment aims to establish an overseas production base primarily for manufacturing graphite films, die-cut graphite, thermal interface materials, shielding materials, and adhesives [1]

Core Insights - The company has signed an EPC contract for a factory construction project in Thailand with China State Construction Engineering (Thailand) Co., Ltd. and Shiyuan Technology Engineering Co., Ltd. The contract amount is 972 million Thai Baht [1] - The project includes the construction of two factory buildings, one auxiliary functional building, one hazardous materials and waste warehouse, and one solid waste warehouse, with a total construction area of approximately 50,000 square meters [1] - The signing and execution of this contract will alleviate domestic capacity pressure, meet the growing market demand, and enhance the company's overseas sales and service capabilities [1]

证券代码：300684 证券简称：中石科技 公告编号：2025-059 北京中石伟业科技股份有限公司 关于泰国孙公司签订《工厂建设项目 EPC 工程 总承包合同》暨对外投资的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、对外投资概述 北京中石伟业科技股份有限公司（以下简称"公司"）于 2023 年 5 月 18 日召开 2022 年年度股东大会，审议通过了《关于提请股东大会授权董事会办理 以简易程序向特定对象发行股票相关事宜的议案》。公司于 2023 年 6 月 28 日经 第四届董事会第八次会议、第四届监事会第七次会议审议决定，以简易程序向特 定对象发行股票投资建设中石（泰国）精密制造项目，实施主体为公司设立于泰 国的全资孙公司 Jones Tech（Thailand）Co.,Ltd.（以下简称"泰国孙公司"）， 实施募投项目的投资总额为 73,654.26 万元。 中石（泰国）精密制造项目建于泰国罗勇府 WHA 工业园区，计划投资建设 公司海外生产基地，总投资 73,654.26 万元，拟使用募集资金 30,000.00 万元，主 要生产石墨膜 ...

Core Viewpoint - Zhongshi Technology's stock has shown significant growth in 2023, with a year-to-date increase of 110.99%, indicating strong market performance and investor interest [1][2]. Financial Performance - For the first half of 2025, Zhongshi Technology reported revenue of 748 million yuan, a year-on-year increase of 16.12%, and a net profit attributable to shareholders of 121 million yuan, reflecting a substantial growth of 93.74% [2]. - The company has distributed a total of 896 million yuan in dividends since its A-share listing, with 447 million yuan distributed over the past three years [3]. Stock Market Activity - As of October 16, Zhongshi Technology's stock price reached 45.96 yuan per share, with a trading volume of 642 million yuan and a turnover rate of 7.03%, resulting in a total market capitalization of 13.765 billion yuan [1]. - The stock has experienced a recent surge, with a 13.45% increase over the last five trading days and an 80.73% increase over the last 60 days [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders decreased to 32,600, a reduction of 6.33%, while the average number of circulating shares per person increased by 6.76% to 6,230 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fifth largest, holding 3.5028 million shares, an increase of 814,800 shares from the previous period [3].

Core Viewpoint - The company, Zhongshi Technology, is expected to see significant growth in net profit for the first three quarters of 2025, driven by increased demand in the consumer electronics sector and advancements in AI-enabled cooling solutions [1][2]. Financial Performance - The projected net profit attributable to shareholders is between 230 million to 270 million yuan, representing a year-on-year growth of 74.16% to 104.45% [1]. - The net profit for the third quarter alone is expected to be between 115 million to 145 million yuan, with a year-on-year increase of 65.79% to 109.04% [1]. - The impact of non-recurring gains and losses on net profit is estimated to be around 15.2 million yuan [1]. - For the first half of the year, the company reported revenue of 748 million yuan, a year-on-year increase of 16.12%, and a net profit of 121 million yuan, up 93.74% [2]. Business Development - The company is benefiting from the traditional peak season in the consumer electronics industry, with increased shipments of thermal materials and components due to new product launches from major North American clients [1]. - Zhongshi Technology is actively promoting new cooling solutions in emerging sectors such as AI-enabled consumer electronics and digital infrastructure, contributing to rapid revenue growth in high-efficiency cooling modules and core thermal components [1]. - The company has developed a new VC liquid cooling technology, which is being validated for mass supply to major clients in North America [2]. Industry Trends - The shift from air cooling to liquid cooling in data centers is being driven by increasing power demands from chips and cabinets, aligning with market trends [2]. - The global liquid cooling market for data centers is projected to grow from 2.6 billion USD in 2023 to 7.8 billion USD by 2028 [2].

Group 1 - The AI PC concept sector experienced a decline of 3.94%, ranking among the top losers in the market, with major stocks like Wentaiketech hitting the daily limit down [1] - Among the stocks in the AI PC sector, four stocks saw price increases, with Zhongshi Technology leading at a rise of 12.16%, followed by China Software and Baiwei Storage with increases of 2.23% and 1.59% respectively [1] - The AI PC sector faced a net outflow of 5.305 billion yuan in capital, with 37 stocks experiencing net outflows, and 14 stocks seeing outflows exceeding 100 million yuan [2] Group 2 - The stock with the highest net outflow was Tongfu Microelectronics, which saw a net outflow of 1.192 billion yuan, followed by Changying Precision and China Software with outflows of 611 million yuan and 596 million yuan respectively [2] - The top gainers in terms of net inflow included Zhongshi Technology, with a net inflow of 617 million yuan, followed by Danghong Technology and Longqi Technology with inflows of 893,280 yuan and 636,360 yuan respectively [3] - The AI PC concept sector's performance was contrasted with other sectors, such as the Cultivated Diamond sector, which rose by 3.74%, indicating a broader market trend [2]

Core Points - The Shanghai Composite Index closed at 3865.23 points, below the five-day moving average, with a decline of 0.62% [1] - The total trading volume of A-shares reached 25,965.85 billion yuan, indicating active market participation [1] - A total of 425 A-shares have prices that surpassed the five-day moving average, with notable stocks showing significant deviation rates [1] Summary by Category Market Performance - The Shanghai Composite Index is currently at 3865.23 points, reflecting a decrease of 0.62% [1] - The total trading volume for A-shares today is 25,965.85 billion yuan, suggesting a robust trading environment [1] Stocks Exceeding Five-Day Moving Average - 425 A-shares have surpassed their five-day moving average, indicating potential upward momentum [1] - Stocks with the highest deviation rates include: - Dongxin He (002017) with a deviation rate of 7.91% and a daily increase of 10.01% [1] - Zhongshi Technology (300684) with a deviation rate of 7.80% and a daily increase of 12.16% [1] - Yatai Pharmaceutical (002370) with a deviation rate of 7.25% and a daily increase of 10.05% [1] Stocks with Minimal Deviation Rates - Stocks with minimal deviation rates that have just crossed the five-day moving average include: - Mingde Biology (301099) with a deviation rate of 6.97% and a daily increase of 12.91% [1] - Shenghang Co. (300695) with a deviation rate of 6.86% and a daily increase of 10.48% [1] - Lingnan Holdings (002370) with a deviation rate of 5.91% and a daily increase of 9.99% [1]