Group 1 - The company, Zhaomin Technology, reported that as of October 10, 2025, the number of shareholders is 24,822 [1]

Market Overview - The automotive thermal management sector declined by 1.86%, ranking among the top declines in concept sectors as of the market close on October 13 [1] - Within this sector, companies such as Hengshuai Co., Zhejiang Rongtai, and Jingwei Hengrun experienced significant declines, while 18 stocks saw price increases, with Hunan Tianyan, Changying Tong, and Keda Guochuang leading with gains of 6.67%, 6.55%, and 4.51% respectively [1] Concept Sector Performance - The top-performing concept sectors included Rare Earth Permanent Magnets with a gain of 6.92%, and Military Equipment Restructuring Concept with a gain of 3.51% [2] - The automotive thermal management sector was among the laggards, with a decline of 1.86%, alongside other sectors like AI PC and Decelerators [2] Capital Flow Analysis - The automotive thermal management sector saw a net outflow of 1.94 billion yuan, with 91 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 100 million yuan [2] - The leading stock for net outflow was Sanhua Intelligent Control, with a net outflow of 354 million yuan, followed by Top Group and Huagong Technology with outflows of 251 million yuan and 222 million yuan respectively [2] Notable Stocks in Automotive Thermal Management - Key stocks with significant net outflows included: - Sanhua Intelligent Control: -5.23% with a turnover rate of 5.92% and a net outflow of 353.60 million yuan - Top Group: -4.97% with a turnover rate of 3.39% and a net outflow of 251.08 million yuan - Huagong Technology: -3.19% with a turnover rate of 6.05% and a net outflow of 222.13 million yuan [3][4] Stocks with Positive Capital Inflows - Stocks with notable net inflows included: - Midea Group: 3.59 billion yuan - Feirongda: 57.68 million yuan - Sixuan New Materials: 53.25 million yuan [2][6]

Core Insights - The company, Zhaomin Technology, reported that as of September 30, 2025, the number of shareholders is expected to reach 25,881 [1] Company Summary - Zhaomin Technology is actively engaging with investors through interactive platforms [1] - The company is projecting a significant increase in its shareholder base by the specified date [1]

Core Viewpoint - Zhaomin Technology's stock increased by 5.65% on September 30, reaching a price of 51.38 CNY per share, with a trading volume of 446 million CNY and a market capitalization of 12.479 billion CNY [1] Company Overview - Shanghai Zhaomin New Materials Technology Co., Ltd. was established on October 27, 2011, and went public on May 28, 2021. The company specializes in the research, production, and sales of precision injection molded parts and supporting precision injection molds [1] - The revenue composition of Zhaomin Technology includes: - Precision injection molded parts for automotive components: 77.41% - Precision injection molded parts for home appliances: 11.83% - Precision injection molds: 7.44% - Other (supplementary): 2.98% - Precision injection molded parts - others: 0.35% [1] Shareholder Insights - Yongying Fund's advanced manufacturing mixed fund (018124) is among the top ten circulating shareholders of Zhaomin Technology, having increased its holdings by 3.2731 million shares in the second quarter, totaling 11.6505 million shares, which represents 5.09% of the circulating shares. The estimated floating profit today is approximately 32.039 million CNY [2][4] - The fund was established on May 4, 2023, with a latest scale of 2.976 billion CNY. Year-to-date returns are 103.97%, ranking 56 out of 8167 in its category; one-year returns are 197.8%, ranking 8 out of 8010; and since inception returns are 157.98% [2] Fund Management - The fund manager of Yongying Advanced Manufacturing Mixed Fund (018124) is Zhang Lu, who has been in the position for 6 years and 62 days. The total asset scale of the fund is 15.413 billion CNY, with the best fund return during the tenure being 150.74% and the worst being -60.31% [3]

Group 1 - The core viewpoint of the article highlights that Zhaomin Technology (SZ 301000) is engaging with investors through a scheduled research meeting, indicating a proactive approach to investor relations [1] - Zhaomin Technology's revenue composition for the year 2024 is entirely derived from the rubber and plastic products industry, accounting for 100% of its revenue [1] - As of the report date, Zhaomin Technology has a market capitalization of 11.5 billion yuan [1] Group 2 - The article mentions a significant growth trend in a new type of insurance product, which has seen a 33-fold increase over five years, attracting over 30 insurance companies to enter the market [1]

Group 1: Investor Relations Activities - The company conducted specific object research with various funds and securities firms from July 1 to September 25, 2025, including notable participants like Guotai Fund and UBS Securities [2][3][4][5][6] - A total of 12 specific object research activities were recorded, with the last one occurring on September 25, 2025 [4][5] Group 2: Company Overview and Core Competencies - The company specializes in precision injection molding, which is crucial for producing core functional components for automotive and high-end household appliances [4][5] - Key materials used include engineering plastics such as PA, PPS, and PEEK, which are essential for high-performance applications [4][5] Group 3: Market Strategy and Future Plans - The company aims to expand its market share in the automotive (including new energy vehicles) and high-end household appliance sectors [5][6] - Plans include developing precision components for thermal management modules and three-electric systems in new energy vehicles, with a focus on increasing unit value and market share [5][6] Group 4: New Production Project - The company is progressing on a new project to produce 800 million sets of new energy vehicle components and ultra-precision engineering plastic parts, located in Shanghai Jinshan District [6] - The project covers an area of 109,121.87 square meters and is expected to be completed by 2026, with production timelines dependent on project progress [6]

Group 1 - The core point of the article is that Zhaomin Technology (301000) reported a total of 25,483 shareholders as of September 19, 2025 [1]

Core Viewpoint - The announcement details the shareholding changes of Zhaomin Technology (301000.SZ) due to the reduction of shares by major shareholders Ningbo Baizhao and Ningbo Huazhao, which does not trigger a mandatory takeover and will not change the company's controlling shareholder or actual controller [1][4]. Shareholding Changes - As of March 17, 2025, Ningbo Baizhao, Ningbo Huazhao, and their concerted parties held a total of 145,152,000 shares, accounting for 59.76% of the total share capital [1]. - From March 18 to June 16, 2025, they reduced their holdings by 7,264,560 shares (2.99%), bringing their total holdings to 137,887,440 shares (56.77%) [1]. - On September 8, 2025, they further reduced their holdings by 1,963,400 shares (0.81%), resulting in total holdings of 135,924,040 shares (55.96%) [2]. - Between September 9 and September 16, 2025, they reduced their holdings by an additional 2,341,500 shares (0.96%), bringing their total holdings down to 133,582,540 shares (55.00%) [2]. Financial Impact of Share Reductions - The total amount cashed out by Ningbo Baizhao and Ningbo Huazhao since September is 230 million yuan [3]. - The share reductions from March to June 2025 resulted in cashing out approximately 293 million yuan [4]. - The share price on September 8, 2025, was 53.33 yuan, leading to a cash-out amount of approximately 104.71 million yuan for that day [2]. Company Background - Zhaomin Technology was listed on the Shenzhen Stock Exchange on May 28, 2021, with an initial public offering of 13.33 million shares at a price of 64.31 yuan per share, raising a total of 857 million yuan [4]. - The net proceeds from the fundraising were 782 million yuan, exceeding the original plan by 278 million yuan [4]. - The company focuses on the production of automotive precision injection parts, electronic water pumps, and thermal management modules [4].

Core Viewpoint - Zhaomin Technology's stock price has shown significant growth this year, but recent trading data indicates a slight decline in the short term, suggesting potential volatility in investor sentiment [1][2]. Company Overview - Zhaomin Technology, established on October 27, 2011, and listed on May 28, 2021, specializes in the research, production, and sales of precision injection molded parts and related molds [2]. - The company's revenue composition includes: automotive parts (77.41%), home appliance parts (11.83%), precision molds (7.44%), and other categories (2.98% for miscellaneous and 0.35% for other precision injection parts) [2]. - The company operates within the automotive parts sector and is associated with various concepts including National VI standards, automotive components, energy storage, PEEK materials, and humanoid robots [2]. Financial Performance - For the first half of 2025, Zhaomin Technology reported revenue of 380 million yuan, reflecting a year-on-year growth of 11.54%, while net profit attributable to shareholders decreased by 8.57% to approximately 70.89 million yuan [2]. - The company has distributed a total of 396 million yuan in dividends since its A-share listing, with 252 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, Zhaomin Technology had 23,200 shareholders, a decrease of 3.92% from the previous period, with an average of 9,879 circulating shares per shareholder, an increase of 4.09% [2]. - Notable institutional shareholders include Yongying Advanced Manufacturing Mixed Fund and Penghua Carbon Neutrality Theme Mixed Fund, which have increased their holdings [3].

Core Viewpoint - The major shareholders of Zhaomin Technology have reduced their stake in the company from 59.76% to 55.00% through block trades and centralized bidding, which does not change the control of the company [1] Shareholder Changes - The shareholders, including Ningbo Baizhao Enterprise Management Partnership and Ningbo Huazhao Enterprise Management Partnership, along with their concerted action parties, Shanghai Jizhao Industrial Development Co., Ltd. and Shao Xionghui, have cumulatively reduced their holdings by 11.5695 million shares [1] - Following this reduction, the combined shareholding of these shareholders and their concerted action parties decreased from 56.77% to 55.00% [1]