Core Points - Zhongyin Fashion announced the release of stock pledges by its controlling shareholder, Zhongyin Group, involving 25 million shares [2] Company Actions - Zhongyin Group completed the stock pledge release at Zheshang Bank's Wenzhou Lucheng branch [2]

Core Viewpoint - The company, Zhejiang Zhongyin Fashion Co., Ltd., is experiencing fluctuations in stock performance and is involved in various sectors including fashion design, supply chain integration, and virtual digital technology. Company Overview - Zhejiang Zhongyin Fashion Co., Ltd. was established on October 21, 2011, and went public on October 29, 2020. The company focuses on fashion product design, primarily in footwear design and supply chain integration services [7] - The revenue composition includes: supply chain integration business (77.12%), footwear production (6.93%), design services (6.61%), brand operation (4.59%), and other services (3.28%) [7] - As of September 30, the number of shareholders increased by 9.09% to 8,400, while the average circulating shares per person decreased by 8.33% to 28,571 shares [7] Financial Performance - For the first half of 2025, the company reported revenue of 179 million yuan, a year-on-year decrease of 7.04%, and a net profit attributable to shareholders of -2.507 million yuan [7] - Cumulative cash dividends since the company's A-share listing amount to 83.33 million yuan, with 59.33 million yuan distributed over the past three years [9] Market Activity - On October 17, the stock price of Zhongyin Fashion fell by 0.57%, with a trading volume of 59.4 million yuan and a turnover rate of 1.58%, resulting in a total market capitalization of 3.758 billion yuan [1] - The stock has seen a net outflow of 5.27 million yuan from major investors today, with a ranking of 43 out of 60 in the industry [4] Industry Trends - The company is positioned within the three-child policy concept, Xinjiang revitalization, benefits from RMB depreciation, virtual digital human technology, and multimodal AI [2] - The company established a footwear production base in the Xinjiang Hetian area in 2021 to support the national initiative for the development of the central and western regions [2] Technological Advancements - The company has made significant advancements in virtual human technology through partnerships with Yuanqidian and Xinchangyuan Technology, focusing on 3D digital human generation and AIGC+3D digital human applications [3] - The first-generation digital human product "Chuangshiyuan" supports AIGC multimodal content generation, allowing for quick recognition and intelligent video generation from various formats [3]

证券代码：300901 证券简称：中胤时尚 公告编号：2025-047 浙江中胤时尚股份有限公司 关于控股股东部分股份解除质押的公告 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。 浙江中胤时尚股份有限公司（以下简称"公司"）于近日接到控股股东中胤 集团有限公司（以下简称"中胤集团"）的通知，中胤集团将其持有公司的部分 股份办理了解除质押，具体情况如下： 按规定及时履行信息披露义务，敬请投资者注意投资风险。 三、备查文件 1. 股份解除质押登记证明； 2. 中国证券登记结算有限责任公司股份冻结明细。 注：上表"占其所持股份比例"依据中胤集团截至 2025 年 10 月 16 日所持公司股份总数为分母计算，下同。 二、股东股份累计质押情况 截至公告披露日，上述股东所持质押股份情况如下： | | | | 本次解除 | 本次解除 | 占其 | 占公 | 已质押股份 | | 未质押股份 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 情况 | ...

Core Viewpoint - A new company, Zhejiang InnoCloud Electronic Technology Co., Ltd., has been established with a registered capital of 10 million yuan, focusing on integrated circuit sales and other electronic services, co-owned by Zhongyin Fashion and others [1] Group 1 - The newly established company has a registered capital of 10 million yuan [1] - The business scope includes integrated circuit sales, electronic product sales, network technology services, and information system integration services [1] - The company is co-owned by Zhongyin Fashion (300901) and other stakeholders [1]

Core Insights - Zhejiang InnoCloud Electronic Technology Co., Ltd. has been established with a registered capital of 10 million yuan [1] - The company's business scope includes integrated circuit sales, electronic product sales, network technology services, and information system integration services [1] - The company is jointly held by Zhongyin Fashion (300901) and others [1]

Company Overview - Zhongyin Fashion Co., Ltd. is located in Wenzhou, Zhejiang Province, established on October 21, 2011, and listed on October 29, 2020. The company focuses on creative design with a core business in fashion product design, primarily applied to footwear design and pattern design, and also provides supply chain integration services for footwear [1]. Financial Performance - As of September 30, Zhongyin Fashion reported a revenue of 179 million yuan for the first half of 2025, a year-on-year decrease of 7.04%. The net profit attributable to the parent company was -2.51 million yuan, showing an increase of 83.85% year-on-year [2]. - The company has cumulatively distributed 83.33 million yuan in dividends since its A-share listing, with 59.33 million yuan distributed over the past three years [3]. Stock Performance - On October 16, Zhongyin Fashion's stock price decreased by 2.01%, trading at 16.07 yuan per share, with a total market capitalization of 3.857 billion yuan. The stock has increased by 35.50% year-to-date, with a 7.49% increase over the last five trading days, a 5.80% decrease over the last 20 days, and a 1.89% decrease over the last 60 days [1]. - The stock has a turnover rate of 0.68%, with a net inflow of main funds amounting to 130,300 yuan, and a large single purchase of 4.9866 million yuan, accounting for 18.85% of the total [1]. Shareholder Information - As of September 30, the number of shareholders increased to 8,400, a rise of 9.09%, while the average circulating shares per person decreased by 8.33% to 28,571 shares [2]. Business Segmentation - The main business revenue composition includes: supply chain integration business (77.12%), footwear production business (6.93%), design business (6.61%), brand operation business (4.59%), other (3.28%), and cultural tourism service business (1.46%) [1]. Industry Classification - Zhongyin Fashion is classified under the Shenwan industry as part of the textile and apparel sector, specifically in non-sports apparel. The company is associated with concepts such as small-cap stocks, virtual digital humans, margin financing, NVIDIA concepts, and overseas expansion [1].

Core Insights - Zhejiang Zhongyin Fashion Co., Ltd. is actively engaging with multiple institutions to showcase its strategic developments and industry dynamics [1] Group 1: Research Activity Details - The investor relations activity was a site visit held on October 15, 2025, from 11:00 to 13:00 at 180 Fengye Road, Lucheng District, Wenzhou, Zhejiang Province [2] - Participating institutions included Shanghai Securities Co., Ltd., Bai Rui Kun Investment Management (Beijing) Co., Ltd., Beijing Junyuan Asset Management Co., Ltd., Hangzhou Shunyang Investment Management Co., Ltd., Shanghai Chenfeng Asset Management Co., Ltd., and Guotai Junan Securities Co., Ltd. [2] - The company was represented by Chairman and General Manager Ni Xiuhua, along with Director, CFO, and Board Secretary Pan Weimin [2] Group 2: Company Performance and Future Valuation - In the first half of 2025, Zhongyin Fashion reported revenue of approximately 179 million yuan, a year-on-year decrease of 7.04%, with a net profit attributable to shareholders of -2.51 million yuan [3] - The company is currently in a strategic adjustment phase and is actively promoting an "AI + Design + Computing Power + Brand" system, which is expected to enhance design quality and market competitiveness despite short-term profit impacts due to increased investments [3] - The company expresses confidence in its performance over the next two years [3] Group 3: Brand Operations Strategy - The brand operation business is a key component of the company's strategy to transition from design-driven to brand-focused [4] - Currently, this business is in the investment phase, utilizing a "light asset + online e-commerce" model to reduce costs and leveraging AI for content generation to lower marketing expenses [4] - Production relies primarily on external suppliers, with sales predominantly through online platforms, supported by promotional efforts via short videos and articles [4] Group 4: AI and Computing Power Strategy - The company holds a 27.5733% stake in Shanghai Yibai Brand Management Co., Ltd., which focuses on AIGC (Artificial Intelligence Generated Content) in image creation [5] - Shanghai Yibai is developing an AIGC application platform and its main business includes AIGC application development, content aggregation and distribution, AI textile supply chain, and sales applications [5] - The AI design application platform yibaiaigc.com provides professional AIGC design tools, significantly improving work efficiency, with a stable increase in platform users [5] - The recent research activity reflects Zhongyin Fashion's proactive strategic adjustments in response to performance fluctuations and its deepening engagement in the AI sector, indicating a promising future development trajectory [5]

Group 1: Financial Performance - In the first half of 2025, the company achieved revenue of approximately 179 million yuan, a year-on-year decrease of 7.04% [2] - The net profit attributable to shareholders was -2.51 million yuan [2] Group 2: Strategic Initiatives - The company is actively promoting the "AI + Design + Computing Power + Brand" system, which involves short-term increased investment impacting profits [2] - Long-term confidence in performance is based on the strategic layout of the "AI + Design + Computing Power + Brand" system [2] Group 3: Brand Operations - The brand operation business is currently in the investment phase, utilizing a sales model based on design results and market demand [3] - The company aims to reduce costs through a "light asset + online e-commerce" model and lower marketing costs using AI-generated content [3] Group 4: AI and Computing Power Strategy - The company holds a 27.5733% stake in Shanghai Yibai Brand Management Co., focusing on AIGC artificial intelligence image creation [3] - The AIGC application platform yibaiaigc.com is designed to enhance work efficiency for enterprises and creative professionals, with a steadily growing user base [3]

格隆汇10月10日丨中胤时尚(300901.SZ)公布，截至2025年9月30日，公司通过回购专用证券账户以集中 竞价交易方式累计回购股份数量为165,000股，占公司总股本的0.07%，购买股份的最高成交价为14.95 元/股，最低成交价为14.64元/股，支付的总金额为2,445,832.99元（不含交易费用）。上述回购资金来 源为公司自有资金及股票回购专项贷款资金，回购价格未超过回购方案中拟定的价格上限，公司回购股 份的实施符合相关法律法规的要求及既定方案。 ...

（文章来源：证券日报） 证券日报网讯 10月10日晚间，中胤时尚发布公告称，截至2025年9月30日，公司通过回购专用证券账户 以集中竞价交易方式累计回购股份数量为165，000股，占公司总股本的0.07%。 ...