Core Viewpoint - On September 23, Mannester's stock fell by 3.59% with a trading volume of 418 million yuan, indicating a significant market reaction and investor sentiment [1] Financing Summary - On September 23, Mannester had a financing buy-in amount of 35.32 million yuan and a financing repayment of 53.01 million yuan, resulting in a net financing outflow of 17.70 million yuan [1] - As of September 23, the total financing and securities lending balance for Mannester was 277 million yuan, with the financing balance of 276 million yuan accounting for 7.27% of the circulating market value, which is above the 60th percentile of the past year [1] - The securities lending aspect showed that 5,200 shares were repaid on September 23, with no shares sold, and the securities lending balance was 1.21 million yuan, exceeding the 70th percentile of the past year [1] Company Performance - As of June 30, Mannester reported a total of 24,600 shareholders, an increase of 13.39% from the previous period, while the average circulating shares per person decreased by 11.81% to 2,350 shares [2] - For the first half of 2025, Mannester achieved a revenue of 560 million yuan, representing a year-on-year growth of 59.93%, but reported a net profit attributable to shareholders of -23.51 million yuan, a decrease of 132.66% year-on-year [2] Dividend and Shareholding Structure - Since its A-share listing, Mannester has distributed a total of 89.81 million yuan in dividends [3] - As of June 30, 2025, among the top ten circulating shareholders, the Southern CSI 1000 ETF held 641,500 shares, an increase of 107,100 shares from the previous period, while the Hong Kong Central Clearing Limited reduced its holdings by 1,227,400 shares [3] - New shareholders include the Huaxia CSI 1000 ETF with 389,300 shares and the GF CSI 1000 ETF with 315,600 shares [3]

Company Overview - Shenzhen Mannesmann Technology Co., Ltd. is located in Longtian Street, Pingshan District, Shenzhen, Guangdong Province, and was established on December 1, 2014. The company went public on May 12, 2023. Its main business involves the research, design, production, and sales of high-precision slot coating nozzles, coating equipment, and coating accessories [1][2]. Financial Performance - For the first half of 2025, Mannesmann achieved operating revenue of 560 million yuan, representing a year-on-year growth of 59.93%. However, the net profit attributable to shareholders was -23.51 million yuan, a decrease of 132.66% compared to the previous period [2]. - As of June 30, 2025, the company had a total of 24,600 shareholders, an increase of 13.39% from the previous period. The average circulating shares per person decreased by 11.81% to 2,350 shares [2]. Stock Market Performance - On September 16, Mannesmann's stock price fell by 2.05%, trading at 66.33 yuan per share, with a total transaction volume of 231 million yuan and a turnover rate of 5.94%. The company's total market capitalization is 9.544 billion yuan [1]. - Year-to-date, Mannesmann's stock price has increased by 22.40%, with a decline of 3.41% over the last five trading days, a rise of 3.64% over the last 20 days, and a rise of 3.45% over the last 60 days [1]. Shareholder Structure - As of June 30, 2025, the top ten circulating shareholders included Southern CSI 1000 ETF, which held 641,500 shares, an increase of 107,100 shares from the previous period. Hong Kong Central Clearing Limited was the seventh-largest shareholder, holding 395,400 shares, a decrease of 1,227,400 shares. Huaxia CSI 1000 ETF entered as a new shareholder with 389,300 shares, while GF CSI 1000 ETF also entered as a new shareholder with 315,600 shares [3]. Business Segmentation - Mannesmann's main business revenue composition is as follows: energy systems account for 77.92%, coating applications for 20.94%, and other segments for 1.14% [1]. - The company is classified under the Shenwan industry category of electric power equipment, specifically in battery and lithium battery specialized equipment. It is associated with concepts such as solid-state batteries, hydrogen energy, CATL concepts, lithium batteries, and energy storage [1]. Dividend Distribution - Since its A-share listing, Mannesmann has distributed a total of 89.81 million yuan in dividends [3].