证券日报网讯 2月9日，震安科技在互动平台回答投资者提问时表示，深圳东创技术股份有限公司是公 司控股股东北京华创三鑫投资管理有限公司的关联方。根据信披相关法律法规，公司控股股东关联方的 业务情况不属于公司披露范围，若深圳东创技术股份有限公司的业务涉及公司经营，达到重大事项披露 标准，公司将按照法律及时披露相关信息。公司信息请以巨潮资讯网及深圳证券交易所发布的公告为 准。 （文章来源：证券日报） ...

Core Viewpoint - Zhenan Technology experienced a decline of 5.36% in stock price on February 2, with a trading volume of 182 million yuan, indicating potential market volatility and investor sentiment concerns [1]. Financing Summary - On February 2, Zhenan Technology had a financing buy-in amount of 13.94 million yuan and a financing repayment of 35.30 million yuan, resulting in a net financing outflow of 21.36 million yuan [1]. - The total financing and securities balance for Zhenan Technology reached 272 million yuan, accounting for 5.48% of its circulating market value, which is above the 50th percentile level over the past year, indicating a relatively high financing level [1]. - The company had no shares sold short or repaid on February 2, with a short selling balance of 6,480 yuan, which is above the 70th percentile level over the past year, suggesting a high level of short interest [1]. Business Performance - As of September 30, Zhenan Technology reported a total of 22,400 shareholders, a decrease of 11.32% from the previous period, while the average circulating shares per person increased by 12.77% to 10,710 shares [2]. - For the period from January to September 2025, Zhenan Technology achieved a revenue of 426 million yuan, representing a year-on-year growth of 33.65%, while the net profit attributable to the parent company was -22.31 million yuan, reflecting a year-on-year increase of 60.76% in losses [2]. Dividend and Shareholding Information - Since its A-share listing, Zhenan Technology has distributed a total of 88.90 million yuan in dividends, with 20.05 million yuan distributed over the past three years [3]. - As of September 30, 2025, among the top ten circulating shareholders, China Ocean Quality Growth Mixed Fund (398001) is a new entrant, holding 1.34 million shares [3].

Group 1 - The core viewpoint of the article is that Zhen'an Technology (300767) is forecasting a significant net profit loss for the year 2025, estimated between 103 million to 134 million yuan [1] - The company anticipates a net profit loss, excluding non-recurring gains and losses, ranging from 110 million to 144 million yuan [1]

Core Viewpoint - The company, Zhenan Technology, forecasts a revenue of 477 million to 573 million yuan for 2025, with a projected net loss of 1.03 billion to 1.34 billion yuan, indicating a reduction in losses compared to the previous year [4]. Financial Performance - The expected revenue for 2025 is between 477 million and 573 million yuan, while the net loss is projected to be between 1.03 billion and 1.34 billion yuan, compared to a loss of 1.41 billion yuan in the same period last year [4]. - The non-recurring net profit is expected to be a loss of 1.1 billion to 1.44 billion yuan, which is an improvement from a loss of 1.44 billion yuan in the previous year [4]. - The company's price-to-book ratio (LF) is approximately 3.25 times, and the price-to-sales ratio (TTM) is about 10.01 times based on the latest closing price [4]. Operational Insights - The company specializes in building isolation and vibration reduction technology consulting, structural analysis and design, product R&D, production, sales, testing, installation guidance, and after-sales maintenance [4]. - The decline in performance is attributed to the underperformance in the recovery of long-aged accounts receivable and significant changes in credit risk characteristics, leading to credit impairment provisions [4]. - Despite the increase in revenue, the company continues to incur losses due to increased credit impairment losses and asset impairment losses, although the overall loss amount has decreased compared to the previous year [4].

Core Viewpoint - The company, Zhenan Technology, anticipates a net loss of 103 million to 134 million yuan for the fiscal year 2025, compared to a loss of 141 million yuan in the previous year. The expected operating revenue is projected to be between 477 million and 573 million yuan, up from 417 million yuan in the same period last year [1]. Financial Performance - The projected net profit attributable to shareholders is negative, primarily due to the underperformance in the recovery of long-aged accounts receivable and significant changes in the credit risk characteristics of some receivables, leading the company to recognize credit impairment according to accounting standards [1]. - The expected operating revenue for 2025 is estimated to be between 477 million and 573 million yuan, indicating a potential increase from the previous year's revenue of 417 million yuan [1]. Operational Challenges - The capacity utilization rate of Hebei Zhenan's shock isolation technology is at a low level, and an assessment agency has preliminarily estimated the need to recognize fixed asset impairment [1].

Core Viewpoint - The company Zhenan Technology is forecasting a net loss attributable to shareholders of approximately 103 million to 134 million yuan for 2025, which is an improvement from a net loss of about 141 million yuan in the same period last year [1] Financial Performance - The net profit attributable to shareholders is expected to remain negative due to factors such as the underperformance in the recovery of long-aged accounts receivable and significant changes in credit risk characteristics of some receivables, leading to credit impairment provisions [1] - Despite the anticipated losses, the company has implemented cost control measures that have resulted in a decrease in period expenses while achieving revenue growth [1] Operational Insights - The capacity utilization rate of Hebei Zhenan's seismic isolation technology company is expected to remain low, prompting the company to assess and provision for fixed asset impairments [1] - The overall loss for the current year is projected to decrease compared to the previous year, indicating some operational improvements [1]

Core Viewpoint - The company, Zhenan Technology, anticipates a net profit loss of 103 million to 134 million yuan for the fiscal year 2025, compared to a loss of 141 million yuan in the same period last year [1] Financial Performance - Expected operating revenue for 2025 is projected to be between 477 million and 573 million yuan, an increase from 417 million yuan in the previous year [1] - The net profit attributable to shareholders is expected to remain negative during the performance forecast period [1] Reasons for Loss - The primary reasons for the anticipated loss include the underperformance in the recovery of certain long-aged accounts receivable and significant changes in the credit risk characteristics of some receivables, leading the company to recognize credit impairment according to accounting standards [1] - The capacity utilization rate of Hebei Zhenan's seismic isolation technology company is expected to remain low, prompting an initial assessment by an evaluation agency that resulted in the recognition of fixed asset impairment [1]

Financial Performance Expectations - The company expects a net profit attributable to shareholders for 2025 to be a loss of between 103.16 million RMB and 134.11 million RMB, compared to a loss of 141.04 million RMB in the same period last year [3]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of between 110.46 million RMB and 143.60 million RMB, compared to a loss of 144.02 million RMB last year [3]. - The operating revenue is expected to be between 477.13 million RMB and 572.56 million RMB, an increase from 417.09 million RMB in the previous year [3]. - The revenue after deductions is projected to be between 467.74 million RMB and 561.29 million RMB, compared to 408.99 million RMB last year [3]. Cost Management and Impairment - The decrease in losses is attributed to cost control measures that have been effective, leading to a reduction in period expenses despite an increase in revenue [5]. - The company has recognized credit impairment losses due to changes in the credit risk characteristics of certain receivables and has made provisions for fixed asset impairment due to low capacity utilization [5]. Earnings Forecast and Investor Guidance - The preliminary financial data provided in the earnings forecast has not been audited and is subject to change in the final annual report [6]. - The company has communicated with the accounting firm regarding the earnings forecast, and there are no discrepancies in the financial data [4]. - The company advises investors to make cautious decisions and be aware of investment risks based on the preliminary nature of the earnings forecast [6]. - The detailed financial data will be disclosed in the company's 2025 annual report [6].

Core Viewpoint - The company acknowledges that the operational rhythm of its seismic isolation products is influenced by the seasonal characteristics of the construction industry, which is affected by natural weather and construction schedules [1] Group 1: Industry Characteristics - The construction industry exhibits a regular construction rhythm that impacts the demand and delivery of upstream seismic isolation products, which is a common characteristic across the industry [1] - The company has recognized the seasonal nature of the industry and has proactively implemented measures to anticipate and respond to these changes [1] Group 2: Company Initiatives - The company has taken several proactive steps, including early engagement with customers to clarify order demands and optimizing production scheduling and logistics delivery systems to ensure timely product supply [1] - The company plans to continue leveraging its core technological advantages to enhance operational efficiency and market expansion capabilities, ensuring stable business development and providing consistent returns to shareholders [1]

Group 1 - The company Zhenan Technology announced on January 29, 2026, that its board received a written resignation application from Vice General Manager Wu Fei, who is resigning due to personal reasons [1] - Following his resignation, Wu Fei will no longer hold any positions within the company or its subsidiaries [1] Group 2 - The investigation into the "Jie Wo Rui" redemption crisis at Shuibei Gold Platform reveals a 40-fold leverage bet, indicating that the platform incurs losses as gold prices rise [1] - Investors have expressed dissatisfaction with the proposed redemption plan, which offers a principal repayment at only 20% of its value [1]