证券日报网讯肇民科技9月3日在互动平台回答投资者提问时表示，截至2025年8月29日，公司股东人数 为24154户。 （文章来源：证券日报） ...

执业证书编号：S0740523020004 Email：hejy02@zts.com.cn 执业证书编号：S0740522120003 Email：liuxc03@zts.com.cn | | | 汽车零部件 | 基本状况 | | | --- | --- | | 总股本(百万股) | 242.88 | | 流通股本(百万股) | 229.27 | | 市价(元) | 45.20 | | 市值(百万元) | 10,978.05 | | 流通市值(百万元) | 10,362.97 | 1、《精密注塑隐形冠军，平台化延展 加速机器人布局》2025-06-10 肇民科技（301000.SZ） 证券研究报告/公司点评报告 2025 年 09 月 02 日 | 买入（维持） 评级： | | 公司盈利预测及估值 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 指标 | | 2023A | | 2024A | 2025E | 2026E | 2027E | | 分析师：何俊艺 | | 营业收入（百万元） | | 591 | 7 ...

Core Viewpoint - Zhaomin Technology (301000) reported mixed financial results for the first half of 2025, with revenue growth but a decline in net profit, indicating potential challenges in profitability despite increased sales [1][3]. Financial Performance - Total revenue for the first half of 2025 reached 380 million yuan, an increase of 11.54% year-on-year [1]. - Net profit attributable to shareholders was 70.89 million yuan, down 8.57% compared to the previous year [1]. - In Q2 2025, total revenue was 190 million yuan, reflecting a 4.04% year-on-year increase, while net profit for the quarter was 34.40 million yuan, a decline of 18.19% [1]. - The gross margin was 34.09%, a decrease of 3.64% year-on-year, and the net margin was 18.92%, down 16.92% [1]. - Total operating expenses (selling, administrative, and financial) amounted to 33.76 million yuan, accounting for 8.89% of revenue, which is an increase of 5.37% year-on-year [1]. Balance Sheet Highlights - Accounts receivable increased significantly, with a year-on-year growth of 39.85%, reaching 262 million yuan [1]. - Cash and cash equivalents decreased by 44.20% year-on-year to 120 million yuan [1]. - The company reported a decrease in interest-bearing liabilities by 37.58%, totaling 2.21 million yuan [1]. Market Position and Analyst Insights - The company's Return on Invested Capital (ROIC) was 12.04% last year, indicating strong capital returns, with a historical median ROIC of 25.26% since its listing [3]. - Analysts expect the company's performance in 2025 to reach 186 million yuan, with an average earnings per share forecast of 0.77 yuan [3]. - The company is under the management of a notable fund manager, Yan Siqian from Penghua Fund, who has recently increased holdings in the company [3][4]. Fund Holdings - The largest fund holding Zhaomin Technology is the Yongying Advanced Manufacturing Mixed Fund, which has increased its position [4]. - Other funds have shown varied movements, with some increasing their holdings while others have reduced their positions [4].

Summary of Zhaomin Technology Conference Call Company Overview - **Company**: Zhaomin Technology - **Industry**: New Energy Vehicles and Robotics Key Points Financial Performance - In the first half of 2025, Zhaomin Technology reported total revenue of approximately 380 million, a year-on-year increase of nearly 12% [3] - Net profit attributable to shareholders decreased by over 8%, but the net profit after deducting non-recurring items grew by 0.79% [3] - Gross margin remained stable year-on-year, slightly higher than the full year of 2024, but lower than the first half of 2024 by one percentage point [3] Business Segments - The new energy vehicle (NEV) business now accounts for 90% of total business, with 70-80% of revenue growth coming from this segment [4] - The company has made significant investments in the robotics sector, particularly in motor stators and components, with new industry revenue exceeding 1% of total revenue [2][7] Investment and Capacity Expansion - A new factory with an initial investment of 500 million is expected to significantly enhance production capacity and output [2][9] - The company plans to invest an additional 500 million upon relocating its headquarters in 2026, aiming for a total output value close to 1.5 billion [9] - The long-term revenue target for the new factory is 3 billion annually, expected to be achieved in four to five years [9] Customer and Market Dynamics - Customer structure remained stable in the first half of 2025, with an increased share from NEV-related clients like Pierburg [8] - The company is facing pricing pressures but is adopting a volume-for-price strategy to maintain profit growth [5][13] Challenges and Risks - The decline in net profit is attributed to investments in the new Shanghai headquarters, which have reduced financial income, and the allocation of government subsidies over ten years [6] - Increased share-based payment costs also impacted net profit [6] - The company is experiencing pricing pressures across the industry, which could affect margins, especially in new business segments [5][15] Future Outlook - The company anticipates a 15-20% revenue growth in 2025 and around 20% in 2026, supported by new client acquisitions [12] - Current order backlog is expected to grow by 20% year-on-year, with new business segments showing higher gross margins compared to traditional sectors [15] - Zhaomin Technology is not planning to expand upstream into PEEK production, relying on imported materials to meet customer specifications [16] Additional Insights - The company has established a presence in the energy storage sector, with ongoing projects and customer engagements, although significant impacts on performance are not expected in 2025 [14] - The robotics division is utilizing various injection molding materials, adapting to customer needs for different applications [11]

Core Viewpoint - Zhaomin Technology (301000.SZ) reported a revenue of 380 million yuan for the first half of 2025, reflecting a year-on-year growth of 11.54% [1] Financial Performance - The net profit attributable to shareholders of the listed company was 70.8863 million yuan, a decrease of 8.57% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 65.9932 million yuan, showing a year-on-year increase of 0.79% [1] - The basic earnings per share were 0.29 yuan [1]

上海肇民新材料科技股份有限公司 单位：万元 | 非经营性资金占用 | 资金占用方名称 | 占用方与上 市公司的关 | 上市公司 核算的会 | | 年期 | 2025 年半年度 占用累计发生金 | 2025 2025 年半年 2025 年半年 2025 年半年 初占用资 度占用资金的 度偿还累计 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 联关系 | 计科目 | 金余额 | | 额（不含利息） 利息（如有） 发生金额 | | | 控股股东、实际控制人 | | | | | | 非经营性占用 | | | 及其附属企业 | | | | | | | | | 小计 | - | - | - | | | | | | 前控股股东、实际控制 | | | | | | 非经营性占用 | | | 人及其附属企业 | | | | | | 非经营性占用 | | | 小计 | - | - | - | | | | | | 其他关联方及附属企业 | | | | | | 非经营性占用 | | | 小计 | | | | | | | | | 总计 | - | - | - | | ...

证券代码：301000 证券简称：肇民科技 公告编号：2025-068 上海肇民新材料科技股份有限公司 2025年半年度募集资金存放与使用情况的专项报告 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、误导性陈述或者重大遗漏。 根据深圳证券交易所印发的《深圳证券交易所上市公司自律监管指引第2号- 创业板上市公司规范运作（2023年12月修订）》及相关公告格式规定，上海肇民 新材料科技股份有限公司（以下简称"本公司"）编制的截至2025年6月30日止的 募集资金半年度存放与使用情况的专项报告如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 经中国证券监督管理委员会《关于同意上海肇民新材料科技股份有限公司首 次公开发行股票注册的批复》（证监许可[2021]1357号）同意注册，公司首次公 开发行人民币普通股（A股）股票1333.35万股，每股面值1.00元，发行价为人民 币64.31元/股，募集资金总额为人民币85,747.74万元，扣除发行费用（不含税）人 民币7,524.12万元，实际募集资金净额为人民币78,223.62万元。募集资金已于2021 年5月25日划至 ...

2025年8月26日，上海肇民新材料科技股份有限公司（以下简称"公司"）召开 了第三届董事会第三次会议，会议审议通过了《关于公司<2025年半年度报告全文 及其摘要>的议案》。 上海肇民新材料科技股份有限公司 2025年半年度报告披露提示性公告 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、误导性陈述或者重大遗漏。 证券代码：301000 证券简称：肇民科技 公告编号：2025-066 为使投资者全面及时地了解公司的财务状况、经营成果和现金流量，公司 《2025年半年度报告》《2025年半年度报告摘要》将于2025年8月28日在中国证监 会指定的创业板信息披露网站巨潮资讯网（http://www.cninfo.com.cn）上披露，敬 请广大投资者注意查阅。 特此公告。 上海肇民新材料科技股份有限公司董事会 2025 年8 月28日 1 ...

证券代码：301000 证券简称：肇民科技 公告编号：2025-067 上海肇民新材料科技股份有限公司 第三届董事会第三次会议决议公告 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、误导性陈述或者重大遗漏。 一、董事会会议召开情况 上海肇民新材料科技股份有限公司（以下简称"公司"）第三届董事会第三 次会议通知于 2025 年 8 月 15 日通过电话、电子邮件等通讯方式发出，会议通知 列明了会议的召开时间、地点、内容和方式。本次会议于 2025 年 8 月 26 日在公 司会议室以现场结合线上通讯方式召开，会议应到董事 7 名，实到董事 7 名（其 中肖俊先生、刘益灯先生、阴慧芳女士、熊勇清先生、石松佳子女士以通讯方式 出席），本次会议由董事长邵雄辉先生召集并主持，公司高级管理人员列席了本 次会议。本次会议的召开符合《中华人民共和国公司法》等法律法规和《公司章 程》的规定。 二、董事会会议审议情况 1、审议通过了《关于公司<2025 年半年度报告全文及其摘要>的议案》 经审议，董事会认为，公司《2025 年半年度报告》《2025 年半年度报告摘 要》的编制程序、内容和格式符合法律、 ...

上海肇民新材料科技股份有限公司 2025 年半年度报告全文 上海肇民新材料科技股份有限公司 2025 年半年度报告 公告编号：（2025-070） 2025 年 8 月 1 上海肇民新材料科技股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会及董事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法 律责任。 公司负责人邵雄辉、主管会计工作负责人李长燕及会计机构负责人(会计 主管人员)李长燕声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中所涉及的未来计划，发展战略、经营业绩的预计等前瞻性描述 不构成公司对投资者的实质承诺，投资者及相关人士均应当对此保持足够的 风险认识，并且应当理解计划、预测与承诺之间的差异，敬请投资者注意投 资风险。 本公司提请投资者认真阅读本半年度报告全文，并特别关注本报告第三 节"管理层讨论与分析"之第十小节"公司面临的风险和应对措施"中描述 了公司在经营中可能存在的风险及应对措施。 公司计划不派发现金红利，不送红股，不以公积金转增股 ...