上海肇民新材料科技股份有限公司 关于5%以上股东减持股份比例触及1%整数倍的公告 公司持股 5%以上股东宁波百肇企业管理合伙企业（有限合伙）、宁波华肇企 业管理合伙企业（有限合伙）保证向本公司提供的信息内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 证券代码：301000 证券简称：肇民科技 公告编号：2025-071 特此公告。 上海肇民新材料科技股份有限公司董事会 2025 年9 月 9日 公司近日收到股东宁波百肇企业管理合伙企业（有限合伙）（以下简称"宁波百 肇"）、宁波华肇企业管理合伙企业（有限合伙）（以下简称"宁波华肇"）出具的《关 于减持公司股份比例触及1%整数倍的告知函》获悉其于2025年9月8日，宁波华肇、宁波百 肇通过证券交易所大宗交易方式合计减持公司股份1,963,400股，其与一致行动人合计的 持股比例触及1%的整数倍。现将具体情况公告如下： | 1.基本情况 | | | | | | | --- | --- | --- | --- | --- | --- | | 信息披露义务人 | | 宁波百肇企业管理合伙 ...

Summary of Key Points Core Viewpoint - Zhaomin Technology experienced significant trading activity on September 8, with a total of 13 block trades amounting to 1.9634 million shares and a total transaction value of 82.8948 million yuan, indicating strong institutional interest despite a notable discount to the market price [2][3]. Trading Activity - The average transaction price for the block trades was 42.22 yuan, representing a discount of 20.83% compared to the closing price of 53.33 yuan on the same day [2]. - Institutional trading desks participated in 6 of the transactions, contributing a total of 60.096 million yuan in net purchases [2]. Recent Performance - Over the past three months, Zhaomin Technology has recorded a total of 22 block trades with a cumulative transaction value of 198 million yuan [2]. - The stock closed at 53.33 yuan, reflecting a 20% increase on the day, with a trading volume of 1.174 billion yuan and a net inflow of 322 million yuan from major funds [2]. Margin Trading Data - The latest margin trading balance for Zhaomin Technology stands at 23.7 million yuan, with an increase of 5.0976 million yuan over the past five days, marking a growth rate of 2.19% [2].

Core Viewpoint - Zhaomin Technology experienced a significant increase in stock price, reaching a daily limit up of 20% with a turnover rate of 10.23% and a transaction volume of 1.174 billion yuan [2] Group 1: Stock Performance - The stock's closing price rose by 20.00%, leading to its listing on the Shenzhen Stock Exchange's daily limit up board [2] - The stock had a price fluctuation of 20.38% throughout the trading day [2] Group 2: Institutional Activity - Institutional investors net bought 18.83 million yuan worth of shares, while the Shenzhen Stock Connect saw a net purchase of 49.68 million yuan [2] - The top five trading departments accounted for a total transaction volume of 364 million yuan, with a net purchase of 168 million yuan [2] Group 3: Fund Flow - The stock saw a net inflow of 322 million yuan from major funds, with a significant inflow of 354 million yuan from large orders [2] - Over the past five days, the net inflow of major funds totaled 337 million yuan [2]

Market Performance - The automotive parts sector increased by 2.61% on September 8, with Zhaomin Technology leading the gains [1] - The Shanghai Composite Index closed at 3826.84, up 0.38%, while the Shenzhen Component Index closed at 12666.84, up 0.61% [1] Top Gainers in Automotive Parts Sector - Zhaomin Technology (301000) closed at 53.33, up 20.00% with a trading volume of 234,500 shares and a transaction value of 1.174 billion [1] - Huami New Materials (836247) closed at 36.28, up 15.76% with a trading volume of 213,400 shares [1] - Wangcheng Technology (830896) closed at 26.19, up 13.72% with a trading volume of 136,700 shares [1] - Hengbo Co., Ltd. (301225) closed at 94.20, up 10.25% with a trading volume of 86,400 shares [1] - Zhongtai Automobile (000980) closed at 2.94, up 10.11% with a trading volume of 3,694,600 shares [1] Capital Flow Analysis - The automotive parts sector saw a net inflow of 1.672 billion from institutional investors, while retail investors experienced a net outflow of 305 million [2] - Major stocks like Zhaomin Technology and Zhejiang Rongtai had significant net inflows from institutional investors, indicating strong interest [3] Notable Decliners - Patel (836871) closed at 21.77, down 12.32% with a trading volume of 148,300 shares and a transaction value of 351 million [2] - Feilo Acoustics (600651) closed at 7.00, down 5.53% with a trading volume of 718,600 shares [2] - Meng En Automotive Electric (301488) closed at 141.99, down 4.03% with a trading volume of 86,400 shares [2]

Group 1 - The company, Zhaomin Technology, reported that as of August 29, 2025, the number of shareholders is 24,154 [2]

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative performance increase of over 15% against the benchmark index in the next 6 to 12 months [9] Core Views - The company is positioned as a leader in precision injection molding, with a strong focus on high-precision, high-quality, and high-value-added core components. The growth in revenue is supported by the increasing demand for lightweight components in the new energy vehicle sector [6][5] - The company is expanding its capabilities into humanoid robotics and low-altitude economy applications, leveraging its expertise in precision molds and engineering plastics [6] - The financial forecasts indicate robust revenue growth, with expected revenues of 956 million yuan in 2025, representing a year-on-year growth rate of 27% [3][6] Financial Summary - The company achieved a revenue of 3.8 billion yuan in the first half of 2025, reflecting an 11.5% year-on-year increase, while the net profit attributable to the parent company was 0.7 billion yuan, down 8.6% year-on-year [6] - The projected revenues for 2025-2027 are 956 million yuan, 1.237 billion yuan, and 1.619 billion yuan, with corresponding growth rates of 27%, 29%, and 31% respectively [3][6] - The net profit for the same period is expected to be 186 million yuan, 243 million yuan, and 324 million yuan, with growth rates of 31% for each year [3][6] Key Metrics - The company’s earnings per share (EPS) are projected to increase from 0.58 yuan in 2024 to 1.33 yuan in 2027 [3] - The price-to-earnings (P/E) ratio is expected to decrease from 77.4 in 2024 to 33.9 in 2027, indicating improving valuation as earnings grow [3] - The return on equity (ROE) is forecasted to rise from 12.1% in 2024 to 18.2% in 2027, reflecting enhanced profitability [3]

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 | - | - | - | | ...