ZYST(SZ:300936) Xin Lang Cai Jing·2025-10-23 07:40Core Viewpoint - The company, Zhongying Technology, has shown a slight increase in stock price and has a market capitalization of 2.835 billion yuan, with a focus on high-frequency communication materials and applications in various advanced technologies [1]. Company Overview - Zhongying Technology, established on March 28, 2006, and listed on January 26, 2021, specializes in the research, production, and sales of high-frequency communication materials, primarily supplying to downstream industries [8]. - The company's main revenue sources are high-frequency communication materials (68.56%), lead frames (25.43%), and other products (6.02%) [8]. - As of September 30, the number of shareholders decreased by 8.04% to 11,900, while the average circulating shares per person increased by 8.74% to 4,003 shares [8]. Product Applications - The company's high-frequency copper-clad laminates are used as raw materials for unmanned vehicle millimeter-wave radar and have been in small-scale production since February 22, 2023 [2]. - The ZYF-D series products are applicable in satellite navigation and have been recognized by several well-known PCB manufacturers [2]. - The high-frequency communication materials are primarily used in mobile communication fields, including 5G and 4G base station antennas [3]. Industry Position - Zhongying Technology is positioned within the electronics sector, specifically in the printed circuit board (PCB) industry, and is associated with concepts such as satellite navigation, unmanned driving, and 5G technology [8]. - The company has received certification from Huawei, allowing its products to be used in related manufacturing [4]. Financial Performance - For the first half of 2025, Zhongying Technology reported a revenue of 97.2176 million yuan, a year-on-year decrease of 26.87%, and a net profit attributable to shareholders of -7.9546 million yuan, a decline of 143.50% [8].