Group 1 - The core point of the news is that Yuanchen Technology's stock price dropped by 5.04% to 10.55 CNY per share, with a total market capitalization of 1.688 billion CNY as of the report date [1] - Yuanchen Technology, established on May 16, 2005, and listed on March 31, 2021, specializes in the research, production, sales, and service of filtration materials and flue gas purification environmental products [1] - The main revenue composition of Yuanchen Technology includes 67.95% from denitration catalysts, 30.82% from filter bags, and 1.23% from other sources [1] Group 2 - Among the top circulating shareholders of Yuanchen Technology, Huaxia Fund's Huaxia Pantai Mixed (LOF) A (160323) entered the top ten in the third quarter, holding 840,800 shares, which is 0.53% of the circulating shares [2] - The estimated floating loss for Huaxia Pantai Mixed (LOF) A today is approximately 470,800 CNY [2] - Huaxia Pantai Mixed (LOF) A has a total scale of 1.312 billion CNY, with a year-to-date return of 10.48% and a one-year return of 13.72% [2]

Core Viewpoint - Yuanchen Technology is a leading enterprise in the domestic environmental filtration materials and flue gas purification products sector, with strong R&D capabilities and a complete industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Yuanchen Technology achieved revenue of 514 million yuan, ranking 55th among 79 companies in the industry [2] - The revenue composition includes 239 million yuan from denitration catalysts (67.95%), 108 million yuan from filter bags (30.82%), and 4.34 million yuan from other products (1.23%) [2] - The net profit for the same period was 5.47 million yuan, placing the company 57th in the industry [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 58.80%, higher than the previous year's 57.72% and the industry average of 34.74%, indicating relatively high debt pressure [3] - The gross profit margin for Q3 2025 was 27.91%, slightly up from 27.39% year-on-year and above the industry average of 19.93%, reflecting a competitive advantage in profitability [3] Group 3: Executive Compensation - The chairman, Xu Hui, received a salary of 2.375 million yuan in 2024, an increase of 1.1105 million yuan from 2023 [4] - The general manager, Liang Yan, earned 2.205 million yuan in 2024, up by 1.0485 million yuan compared to the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 17.66% to 7,217 [5] - The average number of circulating A-shares held per shareholder decreased by 15.01% to 22,200 shares [5] - New major shareholders include Nuonuo Multi-Strategy Mixed A and Huaxia Pantai Mixed A, while Huaxia CSI 500 Index Enhanced A and Huashang SSE Sci-Tech Innovation Board Comprehensive Index Enhanced A exited the top ten circulating shareholders [5]

Company Overview - Yuanchen Technology Co., Ltd. is located in Hefei, Anhui Province, established on May 16, 2005, and listed on March 31, 2021. The company specializes in the research, production, sales, and service of filtration materials and flue gas purification environmental products [1]. Business Performance - The company's main business revenue composition is as follows: DeNOx catalysts account for 64.99%, filter bags 29.94%, other products 4.92%, and protective equipment such as masks and meltblown fabric 0.12% [1]. - As of August 27, the stock price of Yuanchen Technology fell by 5.08%, trading at 10.66 CNY per share, with a total market capitalization of 1.706 billion CNY [1]. Fund Holdings - Zhongjia Fund has a significant holding in Yuanchen Technology, with its "Zhongjia Specialized and New Quantitative Stock Selection Mixed Initiation A" fund (021990) holding 140,000 shares, representing 1.7% of the fund's net value, making it the sixth-largest holding [2]. - The fund has reported a year-to-date return of 57.52%, ranking 331 out of 8194 in its category, and a cumulative return of 56.91% since inception [2]. Fund Management - The fund manager of Zhongjia Specialized and New Quantitative Stock Selection Mixed Initiation A is Lin Muchen, who has been in the position for 2 years and 124 days. The total asset size of the fund is 273 million CNY, with the best return during his tenure being 56.91% and the worst being 7.13% [3].

Company Overview - Yuanchen Technology, established on May 16, 2005, and listed on March 31, 2021, is located in Hefei, Anhui Province. The company specializes in the research, production, sales, and service of filtration materials and flue gas purification environmental products [1]. Financial Performance - For the period from January to March 2025, Yuanchen Technology achieved operating revenue of 129 million yuan, representing a year-on-year growth of 3.35%. The net profit attributable to the parent company was 2.52 million yuan, showing a significant year-on-year increase of 55.89% [2]. - As of March 31, 2025, the company had a total of 5,781 shareholders, a decrease of 7.98% from the previous period. The average circulating shares per person increased by 8.67% to 27,676 shares [2]. Shareholder and Dividend Information - Since its A-share listing, Yuanchen Technology has distributed a total of 40.8 million yuan in dividends. However, there have been no dividend distributions in the past three years [3]. - As of March 31, 2025, among the top ten circulating shareholders, Huaxia CSI 500 Index Enhanced A (007994) ranked as the seventh largest shareholder, holding 2.0011 million shares, which is a decrease of 1.4928 million shares compared to the previous period [3]. Financing and Trading Activity - On August 26, Yuanchen Technology's stock price increased by 2.46%, with a trading volume of 123 million yuan. The financing buy-in for that day was 11.5013 million yuan, while the financing repayment was 17.3497 million yuan, resulting in a net financing outflow of 5.8484 million yuan. The total financing and securities lending balance reached 91.0122 million yuan, accounting for 5.07% of the circulating market value, which is above the 90th percentile level over the past year [1]. - In terms of securities lending, there were no shares sold or repaid on August 26, with the lending balance also at zero, indicating a high level of inactivity in this area [1].