Core Insights - Zhongyin Fashion stated that as of August 29, 2025, the number of shareholders is approximately 8,200 [2] Company Summary - The company is actively engaging with investors through interactive platforms [2] - The projected number of shareholders indicates a potential growth in investor interest [2]

Core Viewpoint - The company, Zhejiang Zhongyin Fashion Co., Ltd., is experiencing fluctuations in stock performance and is involved in various innovative technologies related to virtual digital humans and AI, while also facing challenges in revenue generation and profitability [1][2][3]. Company Overview - Zhejiang Zhongyin Fashion Co., Ltd. was established on October 21, 2011, and went public on October 29, 2020. The company focuses on creative design, primarily in fashion product design, including footwear and pattern design, and offers supply chain integration services [7]. - As of August 20, the number of shareholders is 8,200, a decrease of 5.75% from the previous period, while the average circulating shares per person increased by 6.10% [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%. The net profit attributable to the parent company was -2.51 million yuan, showing an increase of 83.85% year-on-year [7]. - The company has distributed a total of 83.33 million yuan in dividends since its A-share listing, with 59.33 million yuan distributed over the past three years [8]. Market Activity - On August 27, the stock price of Zhongyin Fashion dropped by 6.11%, with a trading volume of 123 million yuan and a turnover rate of 2.91%, resulting in a total market capitalization of 4.094 billion yuan [1]. - The stock has seen a net outflow of 4.28 million yuan from major investors today, with a total of 71.7 million yuan net outflow over the past three days [4][5]. Technological Advancements - The company has made significant advancements in virtual digital human technology, with multiple international-leading technologies in 3D digital human generation and AIGC (AI Generated Content) [2][3]. - The first-generation digital human product "Chuangshiyuan" supports AIGC multi-modal content generation, capable of quickly recognizing and generating videos from text and voice inputs [2][3]. Industry Context - The company operates within the textile and apparel industry, specifically in non-sport clothing, and is categorized under several concept sectors, including small-cap stocks, NVIDIA concepts, virtual digital humans, and overseas expansion [7]. - The company benefits from the depreciation of the RMB, with overseas revenue accounting for 83.07% of total revenue as of the 2024 annual report [3]. Technical Analysis - The average trading cost of the stock is 16.21 yuan, with the current price approaching a resistance level of 17.35 yuan, indicating potential for a price correction if the resistance is not broken [6].

Core Viewpoint - Zhongyin Fashion (300901) reported a decline in total revenue and a significant increase in net profit loss for the first half of 2025, indicating challenges in revenue generation while managing costs effectively [1] Financial Performance Summary - Total revenue for the first half of 2025 was 179 million yuan, a decrease of 7.04% year-on-year [1] - Net profit attributable to shareholders was -2.507 million yuan, an increase in loss of 83.85% year-on-year [1] - Gross margin was 15.72%, down 4.76% year-on-year, while net margin improved to -1.92%, an increase of 80.06% year-on-year [1] - Total receivables accounted for 62.85% of total revenue, indicating a high level of outstanding payments [1] Key Financial Metrics - Cash and cash equivalents decreased by 19.57% to 244 million yuan [1] - Accounts receivable decreased by 23.28% to 225 million yuan [1] - Interest-bearing debt increased by 43.04% to 64.21 million yuan [1] - Operating cash flow per share increased by 52.82% to 0.05 yuan [1] Changes in Financial Items - Significant changes in financial items included a 215.74% increase in long-term equity investments due to acquisitions [2] - Sales expenses rose by 51.77% due to increased costs related to brand operations [2] - Management expenses decreased by 23.79% due to reduced share-based payment costs [2] - Financial expenses decreased by 25.48% due to increased foreign exchange gains [2] Cash Flow Analysis - Net cash flow from operating activities increased by 52.82% due to higher collections from accounts receivable [2] - Net cash flow from investing activities decreased by 116.8% due to acquisitions [3] - Net cash flow from financing activities increased by 486.61% due to short-term borrowings [3] Business Evaluation - The company's historical median ROIC since listing is 14.09%, with a poor investment return in the worst year (2024) at -4.22% [3] - The company has reported one loss year since its listing, suggesting the need for further investigation into underlying causes [3] - Attention is recommended on cash flow status, with a negative average operating cash flow to current liabilities ratio of -3.54% over the past three years [3]

Core Viewpoint - The company Zhejiang Zhongyin Fashion Co., Ltd. has shown a significant increase in stock price and trading volume, indicating potential investor interest and market activity [1] Company Overview - Zhejiang Zhongyin Fashion Co., Ltd. was established on October 21, 2011, and went public on October 29, 2020. The company focuses on creative design, primarily in fashion product design, including footwear and pattern design, and offers supply chain integration services [7] - As of August 20, the number of shareholders is 8,200, a decrease of 5.75% from the previous period, while the average circulating shares per person increased by 6.10% [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%, while the net profit attributable to the parent company was -2.51 million yuan, showing an increase of 83.85% year-on-year [7] - The company has distributed a total of 83.33 million yuan in dividends since its A-share listing, with 59.33 million yuan distributed over the past three years [8] Market Activity - On August 26, the stock price increased by 4.91%, with a trading volume of 167 million yuan and a turnover rate of 3.85%, bringing the total market capitalization to 4.36 billion yuan [1] - The stock has shown a slight net inflow of 3.93 million yuan from major investors, indicating a mixed trend in investor sentiment [5] Technological Advancements - The company has invested in virtual digital human technology, with partnerships in AIGC and 3D digital human applications, indicating a focus on innovative technology in its product offerings [2][3]

Core Insights - Zhongyin Fashion (300901.SZ) released its semi-annual report for 2025 on August 26, 2025, indicating significant institutional investment in the company [1] Institutional Holdings - As of August 25, 2025, five institutional investors disclosed holdings in Zhongyin Fashion A-shares, totaling 153 million shares, which represents 63.59% of the company's total equity [1] - The institutional investors include Zhongyin Group Co., Ltd., Wenzhou Huayin Equity Investment Partnership (Limited Partnership), Zhejiang Jinhe Investment Development Co., Ltd. - Jinhe Xiaoshengbo No. 1 Private Securities Investment Fund, Hangzhou Wanhang Management Consulting Partnership (Limited Partnership), and Xiamen Haojia Wealth Investment Management Co., Ltd. [1] - Compared to the previous quarter, the total institutional holding percentage increased by 0.76 percentage points [1]

Group 1 - The core point of the article is that Zhongyin Fashion (SZ 300901) held its third board meeting on August 25, 2025, to review the semi-annual report and related documents [1] - For the year 2024, Zhongyin Fashion's revenue composition is entirely from the professional technical service industry, accounting for 100.0% [1] - As of the report date, Zhongyin Fashion has a market capitalization of 4.2 billion yuan [1]

Group 1 - The core viewpoint of the article is that Zhongyin Fashion (300901.SZ) reported a decline in revenue and a net loss for the first half of 2025 [1] Group 2 - The company achieved an operating income of 179 million yuan, representing a year-on-year decrease of 7.04% [1] - The net profit attributable to shareholders of the listed company was a loss of 2.507 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of 4.3814 million yuan [1] - The basic earnings per share were -0.01 yuan [1]

一、选举执行公司事务的董事 （一）选举情况及原因 为了适应公司治理需要，提高公司治理水平，根据新修订的《公司法》和《公 司章程》的有关规定，公司董事会选举董事长倪秀华为代表公司执行公司事务的 董事，并担任公司的法定代表人。任期至第三届董事会届满之日为止。 证券代码：300901 证券简称：中胤时尚 公告编号：2025-040 浙江中胤时尚股份有限公司 关于选举执行公司事务的董事、选举审计委员会成员及推选召集人的 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 2025 年 8 月 25 日召开 了第三届董事会第六次会议，会议选举执行公司事务的董事、选举审计委员会成 员及推选召集人。具体情况公告如下： 二、选举审计委员会成员及推选召集人 （一）选举情况及原因 为了适应公司治理需要，提高公司治理水平，根据新修订的《公司法》和 《公司章程》的有关规定，同意选举周群、刘义和黄薇担任第三届董事会各专门 委员会成员，推选周群为召集人。任期至第三届董事会届满之日为止。 特此公告。 浙江中胤时尚股份有限公司 董事会 202 ...

单位：万元 | 非经营性资金占用 | | 占用方与上市公 | 上市公司核算 | 2025 年期初占用 | 2025 | 半年度占用累计发 2025半年度占用资 | 2025 | 半年度偿还 2025 | 半年度期末 | 占用形成原因 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 资金占用方名称 | 司的关联关系 | 的会计科目 | 资金余额 | 生金额（不含利息） | 金的利息(如有) | | 累计发生金额 | 占用资金余额 | | | | 控股股东、实际控制人及其 | | | | | | | | | | | | | 附属企业 | | | | | | | | | | | | | 小计 | | - | - - | | | | | | | - | | | 前控股股东、实际控制人及 | | | | | | | | | | | | | 其附属企业 | | | | | | | | | | | | | 小计 | | - | - - | | | | | | | - | | | 其他关联方及附属企业 ...

浙江中胤时尚股份有限公司 全体董事、高级管理人员 对 2025 年半年度报告真实性、准确性、完整性的承诺书 浙江中胤时尚股份有限公司全体董事、高级管理人员对本公司 2025 年半年 度报告进行了核查和审阅，确认上述文件不存在虚假记载、误导性陈述或者重大 遗漏，并对其所载内容的真实性、准确性、完整性承担个别和连带的法律责任。 刘俊 浙江中胤时尚股份有限公司 年 月 日 （本页无正文，为《浙江中胤时尚股份有限公司全体董事、高级管理人员对 2025 年半年度报告真实性、准确性、完整性的承诺书》之签章页） 本公司全体高级管理人员签名： 特此承诺。 （以下无正文） （本页无正文，为《浙江中胤时尚股份有限公司全体董事、高级管理人员对 2025 年半年度报告真实性、准确性、完整性的承诺书》之签章页） 本公司全体董事签名： | 倪秀华 | 童 | 娟 | 潘威敏 | | --- | --- | --- | --- | | 黄薇 | 周群 | | 刘义 | 浙江中胤时尚股份有限公司 年 月 日 倪秀华 童 娟 潘威敏 ...