Core Viewpoint - Dongmu New Materials Group Co., Ltd. has shown a significant stock price increase of 5.1% on September 16, reaching a price of 30.90 CNY per share, with a total market capitalization of 19.51 billion CNY [1] Company Overview - Dongmu New Materials Group Co., Ltd. is located in Ningbo, Zhejiang Province, and was established on July 11, 1994, with its listing date on May 11, 2004 [1] - The company specializes in powder metallurgy structural parts, primarily used in the automotive sector (including passenger cars), household refrigeration compressors (air conditioners and refrigerators), motorcycles, power tools, office machinery, and construction machinery [1] - The revenue composition of the main business includes: powder pressing forming 43.04%, metal injection molding 41.18%, soft magnetic composite materials 15.16%, and others 0.61% [1] Fund Holdings - According to data from the top ten holdings of funds, one fund under Huatai-PineBridge has a significant position in Dongmu shares [2] - The fund "Huatai-PineBridge Multi-Return 9-Month Holding Mixed A" (017298) reduced its holdings by 9,600 shares in the second quarter, maintaining 235,500 shares, which accounts for 1.98% of the fund's net value, ranking as the fourth-largest holding [2] - The fund has achieved a floating profit of approximately 353,300 CNY as of the latest report [2] Fund Manager Performance - The fund manager for "Huatai-PineBridge Multi-Return 9-Month Holding Mixed A" is Song Peng and Liu Tong [3] - Song Peng has a tenure of 4 years and 23 days, managing assets totaling 22.899 billion CNY, with the best fund return during his tenure being 14.54% and the worst being -2.12% [3] - Liu Tong has a tenure of 5 years and 179 days, managing assets of 3.124 billion CNY, with the best fund return of 29.43% and the worst return of 0.96% during his tenure [3]

Core Viewpoint - Dongmu Co., Ltd. (600114.SH) continues to achieve steady growth in operating performance, driven by market expansion and technological innovation [1][2]. Financial Performance - In the first half of 2025, Dongmu Co., Ltd. reported operating revenue of 2.93 billion yuan, a year-on-year increase of 24.51%, and a net profit attributable to shareholders of 261 million yuan, up 37.61% [1]. - The company’s quarterly performance showed consistency, with net profits of 112 million yuan and 149 million yuan in Q1 and Q2 respectively, both reflecting a growth of approximately 37.6% [1]. - From 2022 to 2024, the company’s operating revenue was 3.726 billion yuan, 3.861 billion yuan, and 5.143 billion yuan, with year-on-year growth rates of 3.76%, 3.62%, and 33.2% respectively [2]. Market and Industry Trends - The powder metallurgy industry is experiencing a trend towards high-end, green, and intelligent development, with Dongmu Co., Ltd. increasing its R&D investment to enhance its technology [3]. - The demand in the consumer electronics market is recovering, and the company benefits from the growth in automotive, new energy, photovoltaic, and energy storage sectors [2]. Shareholder Returns - Dongmu Co., Ltd. has consistently returned value to shareholders, having distributed cash dividends for 21 consecutive years, with a cumulative net profit of 2.895 billion yuan and cash dividends of 1.56 billion yuan since its listing [3]. - The average dividend payout ratio stands at 53.89% [3]. Research and Development - The company’s R&D investments have increased over the years, with expenditures of 271 million yuan, 278 million yuan, and 322 million yuan from 2022 to 2024, and 162 million yuan in the first half of 2025, accounting for 5.54% of operating revenue [3]. - As of June 30, the company holds 922 authorized patents, including 231 invention patents [4].