Core Viewpoint - Zhonglun New Materials experienced a decline in stock price and trading volume, indicating potential investor concerns and market volatility [1][2]. Group 1: Financial Performance - For the period from January to September 2025, Zhonglun New Materials reported a revenue of 1.537 billion yuan, representing a year-on-year decrease of 15.14% [2]. - The company's net profit attributable to shareholders was 66.82 million yuan, down 42.02% compared to the previous year [2]. Group 2: Stock and Financing Activity - On November 20, Zhonglun New Materials' stock fell by 1.67%, with a trading volume of 202 million yuan [1]. - The company had a net financing outflow of 6.22 million yuan on the same day, with a total financing balance of 208 million yuan, accounting for 5.99% of its market capitalization [1]. - The stock's financing balance is at a high level, exceeding the 90th percentile of the past year [1]. - The company also had a securities lending balance of 325,700 yuan, which is also above the 90th percentile of the past year [1]. Group 3: Shareholder Information - As of October 31, the number of shareholders for Zhonglun New Materials increased by 2.70% to 17,400 [2]. - The average number of circulating shares per shareholder decreased by 2.63% to 7,345 shares [2]. - Hong Kong Central Clearing Limited is the third-largest circulating shareholder, increasing its holdings by 1.0428 million shares [2].

Core Insights - Zhonglun New Materials experienced a 7.68% decline in stock price on November 18, with a trading volume of 506 million yuan [1] - The company reported a financing buy-in of 81.62 million yuan and a net financing buy of 20.95 million yuan on the same day [1] - As of November 18, the total financing and securities lending balance for Zhonglun New Materials was 220 million yuan, representing 6.11% of its market capitalization [1] Financing Summary - On November 18, Zhonglun New Materials had a financing buy-in of 81.62 million yuan, with a current financing balance of 220 million yuan, which is above the 90th percentile of the past year [1] - The company had no shares repaid in securities lending on November 18, with 1,000 shares sold, amounting to 28,100 yuan at the closing price [1] - The securities lending balance was 441,500 yuan, also exceeding the 90th percentile of the past year [1] Business Performance - As of October 31, Zhonglun New Materials had 17,400 shareholders, an increase of 2.70% from the previous period [2] - For the period from January to September 2025, the company reported a revenue of 1.537 billion yuan, a year-on-year decrease of 15.14%, and a net profit of 66.82 million yuan, down 42.02% year-on-year [2] - The top three circulating shareholders included Hong Kong Central Clearing Limited, which increased its holdings by 1.0428 million shares [2]

Core Insights - Zhonglun New Materials has seen a stock price increase of 5.83% on November 17, reaching 32.50 CNY per share, with a total market capitalization of 13 billion CNY [1] - The company has experienced a cumulative increase of 17.21% over the past four days [1] Company Overview - Zhonglun New Materials Co., Ltd. was established on November 19, 2018, and is located in Xiamen, Fujian Province [1] - The company specializes in the research, production, and sales of functional BOPA films, biodegradable BOPLA films, and polyamide 6 (PA6) [1] - The revenue composition includes: 73.17% from general BOPA films, 16.57% from PA6, 7.12% from new BOPA films, 1.65% from other products, and 1.50% from biodegradable BOPLA films [1] Shareholder Insights - Southern Fund's Southern CSI 1000 ETF (512100) is among the top ten circulating shareholders of Zhonglun New Materials [2] - In the third quarter, the fund reduced its holdings by 2,100 shares, maintaining 729,100 shares, which represents 0.57% of the circulating shares [2] - The fund has realized a floating profit of approximately 1.3051 million CNY today and 3.2883 million CNY during the four-day increase [2] Fund Manager Performance - The fund manager of Southern CSI 1000 ETF is Cui Lei, who has been in the position for 7 years and 12 days [3] - The total asset size of the fund is 122.76 billion CNY, with the best return during the tenure being 181.49% and the worst being -15.93% [3]

Core Insights - Zhonglun New Materials Co., Ltd. has seen a stock price increase of 41.82% year-to-date, with a recent 12.95% rise over the last five trading days [1] - The company specializes in the research, production, and sales of functional BOPA films, biodegradable BOPLA films, and polyamide 6 (PA6) [1] - For the period of January to September 2025, Zhonglun New Materials reported a revenue of 1.537 billion yuan, a year-on-year decrease of 15.14%, and a net profit of 66.82 million yuan, down 42.02% year-on-year [2] Company Overview - Zhonglun New Materials was established on November 19, 2018, and is located in Xiamen, Fujian Province [1] - The company was listed on June 20, 2024, and operates primarily in the basic chemical industry, specifically in plastic film materials [1] - The revenue composition includes: general BOPA film materials (73.17%), polyamide 6 (PA6) (16.57%), new BOPA film materials (7.12%), other products (1.65%), and biodegradable BOPLA film materials (1.50%) [1] Shareholder and Market Activity - As of October 31, the number of shareholders for Zhonglun New Materials increased by 2.70% to 17,400, with an average of 7,345 circulating shares per person, a decrease of 2.63% [2] - Major shareholders include Hong Kong Central Clearing Limited, which holds 1.4012 million shares, an increase of 1.0428 million shares from the previous period [2] - The stock has a market capitalization of 12.14 billion yuan, with a trading volume of 254 million yuan and a turnover rate of 6.67% as of November 14 [1]

Core Insights - Zhonglun New Materials Co., Ltd. experienced a stock price increase of 5.27%, reaching 27.99 CNY per share, with a trading volume of 335 million CNY and a turnover rate of 9.75%, resulting in a total market capitalization of 11.196 billion CNY [1] Company Overview - Zhonglun New Materials was established on November 19, 2018, and is located in Xiamen, Fujian Province. The company is set to be listed on June 20, 2024 [1] - The company's main business involves the research, production, and sales of functional BOPA films, biodegradable BOPLA films, and polyamide 6 (PA6) [1] - The revenue composition of the main business includes: - General BOPA film materials: 73.17% - Polyamide 6 (PA6): 16.57% - New BOPA film materials: 7.12% - Others: 1.65% - Biodegradable BOPLA film materials: 1.50% [1] Shareholder Insights - Among the top circulating shareholders of Zhonglun New Materials, a fund under Southern Fund holds a position. The Southern CSI 1000 ETF (512100) reduced its holdings by 2,100 shares in the third quarter, now holding 729,100 shares, which accounts for 0.57% of the circulating shares [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 76.63 billion CNY. Year-to-date returns are 28.07%, ranking 1919 out of 4216 in its category; the one-year return is 16.08%, ranking 2359 out of 3937; and since inception, the return is 13.33% [2] - The fund manager of Southern CSI 1000 ETF (512100) is Cui Lei, who has been in the position for 7 years and 7 days, managing total assets of 122.76 billion CNY, with the best fund return during the tenure being 179.77% and the worst being -15.93% [2]

Core Insights - Zhonglun New Materials experienced a stock price increase of 1.49% on November 11, with a trading volume of 206 million yuan [1] - The company reported a financing buy-in of 24.17 million yuan and a financing repayment of 27.62 million yuan on the same day, resulting in a net financing outflow of 3.45 million yuan [1] - As of November 11, the total margin balance for Zhonglun New Materials was 175 million yuan, with a financing balance of 174 million yuan, representing 5.12% of its market capitalization [1] Financing Overview - On November 11, Zhonglun New Materials had a financing buy-in of 24.17 million yuan, with a current financing balance of 174 million yuan, which is above the 80th percentile of the past year [1] - The company had a margin repayment of 300 shares and a margin sell-out of 2,400 shares, with a sell-out amount of 63,800 yuan calculated at the closing price [1] - The margin balance of 377,600 yuan is above the 90th percentile of the past year, indicating a high level of margin activity [1] Company Profile - Zhonglun New Materials Co., Ltd. is located in Xiamen, Fujian Province, and was established on November 19, 2018, with a listing date set for June 20, 2024 [1] - The company's main business involves the research, production, and sales of functional BOPA films, biodegradable BOPLA films, and polyamide 6 (PA6) materials [1] - The revenue composition includes: general BOPA films (73.17%), polyamide 6 (16.57%), new BOPA films (7.12%), others (1.65%), and biodegradable BOPLA films (1.50%) [1] Shareholder Information - As of October 31, the number of shareholders for Zhonglun New Materials increased by 2.70% to 17,400, while the average circulating shares per person decreased by 2.63% to 7,345 shares [2] - For the period from January to September 2025, the company reported a revenue of 1.537 billion yuan, a year-on-year decrease of 15.14%, and a net profit attributable to shareholders of 66.82 million yuan, down 42.02% year-on-year [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third largest with 1.4012 million shares, an increase of 1.0428 million shares compared to the previous period [2]

Core Viewpoint - Zhonglun New Materials, established in November 2018, is set to be listed on the Shenzhen Stock Exchange on June 20, 2024, focusing on innovative materials with a leading position in the BOPA film market globally and in China [1] Group 1: Company Overview - Zhonglun New Materials specializes in the research, production, and sales of functional BOPA films, biodegradable BOPLA films, and polyamide 6 (PA6) materials, holding a market share of 20% globally and 36% in China for BOPA films [1] - The company operates within the basic chemicals-plastics-film materials sector, involving synthetic biology and aluminum-plastic film concepts [1] Group 2: Financial Performance - For Q3 2025, Zhonglun New Materials reported a revenue of 1.537 billion yuan, ranking 7th among 19 companies in the industry, with the industry leader, Doushan New Materials, achieving 3.893 billion yuan [2] - The net profit for the same period was 66.82 million yuan, also ranking 7th, while the industry leader, Dongcai Technology, reported a net profit of 272 million yuan [2] Group 3: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 36.98%, higher than the previous year's 34.98% and above the industry average of 33.88% [3] - The gross profit margin for Q3 2025 was 13.99%, an increase from 13.12% year-on-year, but still below the industry average of 18.54% [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 0.77% to 17,500, with an average holding of 7,316.95 shares, a decrease of 0.76% [5] - Hong Kong Central Clearing Limited is the third-largest shareholder, holding 1.4012 million shares, an increase of 1.0428 million shares from the previous period [5] Group 5: Strategic Outlook - Tianfeng Securities highlights the company's strategy of "multi-matrix, high precision, and globalization," aiming to develop multiple champion products in the next five years and expand into high-end emerging markets [6] - The BOPA film market is growing rapidly, and the company is positioned well with leading technology and integrated supply chains, with projected net profits of 140 million, 396 million, and 600 million yuan for 2025 to 2027 [6]

Core Insights - Zhonglun New Materials experienced a stock decline of 1.25% on October 16, with a trading volume of 62.88 million yuan [1] - The company reported a financing net buy of -3.38 million yuan on the same day, indicating more financing repayments than purchases [1] - As of October 16, the total financing and securities lending balance for Zhonglun New Materials was 177 million yuan, representing 5.85% of its market capitalization [1] Financing Overview - On October 16, Zhonglun New Materials had a financing buy amount of 4.83 million yuan, while the current financing balance stands at 177 million yuan, which is above the 90th percentile of the past year [1] - The company repaid 1,400 shares of securities lending and sold 100 shares, with a selling amount of 2,366 yuan, indicating a low securities lending balance of 153,800 yuan, below the 40th percentile of the past year [1] Business Performance - For the first half of 2025, Zhonglun New Materials reported a revenue of 1.007 billion yuan, a year-on-year decrease of 15.09%, and a net profit attributable to shareholders of 41.63 million yuan, down 58.43% year-on-year [2] - The company's main business revenue composition includes: general BOPA film 73.17%, PA6 16.57%, new BOPA film 7.12%, others 1.65%, and biodegradable BOPLA film 1.50% [1] Shareholder Structure - As of October 10, the number of shareholders for Zhonglun New Materials was 17,300, a decrease of 1.04% from the previous period, with an average of 7,393 circulating shares per person, an increase of 1.05% [2] - Notable institutional holdings include Southern CSI 1000 ETF as the third-largest shareholder with 731,200 shares, and new entrants like Huaxia CSI 1000 ETF holding 433,200 shares [2]

Core Insights - Zhonglun New Materials experienced a decline of 1.10% in stock price on September 30, with a trading volume of 162 million yuan [1] - The company reported a net financing outflow of 17.46 million yuan on the same day, indicating a higher level of financing activity compared to the previous year [1] Financing Overview - On September 30, Zhonglun New Materials had a financing buy-in amount of 18.44 million yuan and a financing repayment of 35.90 million yuan, resulting in a net financing buy-in of -17.46 million yuan [1] - The total financing and securities balance reached 186 million yuan, accounting for 5.80% of the circulating market value, which is above the 90th percentile of the past year [1] - The company had a securities lending balance of 17.29 million yuan, with a lending volume of 6,900 shares, indicating a high level of activity in this area as well [1] Company Profile - Zhonglun New Materials, established on November 19, 2018, is located in Xiamen, Fujian Province, and is set to be listed on June 20, 2024 [1] - The company specializes in the research, production, and sales of functional BOPA films, biodegradable BOPLA films, and polyamide 6 (PA6) materials [1] - The revenue composition includes: 73.17% from general BOPA films, 16.57% from PA6, 7.12% from new BOPA films, 1.65% from other products, and 1.50% from biodegradable BOPLA films [1] Shareholder Information - As of September 19, the number of shareholders for Zhonglun New Materials was 17,400, a decrease of 16.32% from the previous period [2] - The average number of circulating shares per shareholder increased by 19.50% to 7,372 shares [2] - By June 30, 2025, major shareholders included Southern CSI 1000 ETF and Huaxia CSI 1000 ETF, with notable changes in their holdings [2]

Core Insights - Zhonglun New Materials experienced a stock price increase of 2.14% on September 29, with a trading volume of 140 million yuan [1] - The company reported a financing buy-in of 17.21 million yuan and a financing repayment of 19.46 million yuan on the same day, resulting in a net financing outflow of 2.25 million yuan [1] - As of September 29, the total financing and securities lending balance for Zhonglun New Materials was 204 million yuan, with a financing balance of 203 million yuan, representing 6.27% of its market capitalization [1] Financing and Securities Lending - On September 29, Zhonglun New Materials had a financing buy-in of 17.21 million yuan, with a financing balance exceeding the 90th percentile of the past year [1] - The company had no shares sold short or repaid on that day, with a securities lending balance of 17,230 yuan and a remaining short position of 6,800 shares, indicating a high level of securities lending activity [1] Company Overview - Zhonglun New Materials, established on November 19, 2018, is located in Xiamen, Fujian Province, and specializes in the research, production, and sales of functional BOPA films, biodegradable BOPLA films, and polyamide 6 (PA6) [1] - The company's revenue composition includes 73.17% from general BOPA films, 16.57% from PA6, 7.12% from new BOPA films, 1.65% from other products, and 1.50% from biodegradable BOPLA films [1] Shareholder Information - As of September 19, the number of shareholders for Zhonglun New Materials was 17,400, a decrease of 16.32% from the previous period, while the average number of circulating shares per shareholder increased by 19.50% to 7,372 shares [2] - By June 30, 2025, major shareholders included Southern CSI 1000 ETF, which increased its holdings by 30.56% to 731,200 shares, and new entrants like Huaxia CSI 1000 ETF and GF CSI 1000 ETF [2]