资金流向方面，主力资金净流入104.57万元，大单买入488.05万元，占比9.57%，卖出383.48万元，占比 7.52%。 智动力今年以来股价涨72.74%，近5个交易日涨12.62%，近20日涨23.71%，近60日涨50.05%。 9月30日，智动力（维权）盘中下跌2.01%，截至09:52，报15.08元/股，成交5100.50万元，换手率 1.73%，总市值39.30亿元。 今年以来智动力已经3次登上龙虎榜，最近一次登上龙虎榜为8月26日，当日龙虎榜净买入452.40万元； 买入总计6833.46万元 ，占总成交额比8.13%；卖出总计6381.06万元 ，占总成交额比7.59%。 资料显示，深圳市智动力精密技术股份有限公司位于广东省东莞市凤岗镇官井头村小布二路10号，成立 日期2004年7月26日，上市日期2017年8月4日，公司主营业务涉及手机等消费电子功能性器件的研发、 生产和销售。主营业务收入构成为：结构性电子器件39.37%，功能性电子器件39.30%，光学件 20.43%，其他(补充)0.91%。 智动力所属申万行业为：电子-消费电子-消费电子零部件及组装。所属概念板块包括：智能穿戴 ...

Company Overview - Zhihua Technology has seen a stock price increase of 54.52% year-to-date, with a recent 4.74% rise over the last five trading days and a 42.45% increase over the past 60 days [2] - The company specializes in the research, production, and sales of functional components for consumer electronics, with revenue composition as follows: structural electronic devices 39.37%, functional electronic devices 39.30%, optical components 20.43%, and others 0.91% [2] - Zhihua Technology is classified under the electronic industry, specifically in consumer electronics and components assembly, and is associated with concepts such as foldable screens, smart wearables, and smartphones [2] Financial Performance - For the first half of 2025, Zhihua Technology reported revenue of 767 million yuan, reflecting a year-on-year growth of 7.62%, while the net profit attributable to shareholders was -40.98 million yuan, showing a 31.55% increase [2] - The company has distributed a total of 48.64 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3] Shareholder Information - As of September 10, 2025, the number of shareholders for Zhihua Technology was 29,500, a decrease of 7.15% from the previous period, with an average of 6,565 circulating shares per shareholder, an increase of 7.70% [2] - The top ten circulating shareholders include major institutional investors, with the eighth largest being the Dazheng Zhongzheng 360 Internet + Index A, holding 1.58 million shares, an increase of 3,200 shares from the previous period [3] Market Activity - On September 17, Zhihua Technology's stock rose by 2.04%, reaching 13.49 yuan per share, with a trading volume of 74.59 million yuan and a turnover rate of 2.89%, resulting in a total market capitalization of 3.516 billion yuan [1] - The net inflow of main funds was 109,700 yuan, with significant buying and selling activities recorded, including large orders amounting to 18.52 million yuan in purchases and 15.55 million yuan in sales [1]

Financial Overview - The company's total revenue for 2024 is 1.542 billion yuan, an increase of 11.21% year-on-year. However, the net profit attributable to shareholders remains negative at -155 million yuan, although it has improved by 39.02% year-on-year. The non-recurring net profit is also negative at -145 million yuan, with a year-on-year increase of 44.62%, indicating some improvement in profitability [1][2]. Profitability Analysis - The gross margin is 8.28%, reflecting a significant year-on-year increase of 150.17%, indicating effective cost control. However, the net margin is -9.98%, despite a year-on-year improvement of 45.79, suggesting that overall profitability still needs enhancement [2]. Main Business Revenue Composition - Functional electronic devices are the largest revenue source, contributing 696 million yuan, accounting for 45.16% of total revenue, with a gross margin of 19.64%. Structural electronic devices and optical components have gross margins of -0.83% and -1.58%, respectively, indicating significant pressure on profitability in these segments [3]. Cash Flow and Financial Position - The operating cash flow per share is 0.55 yuan, a substantial year-on-year increase of 413.98%, showing significant improvement in cash flow from operations. The net cash flow from operating activities has increased by 408.07%, primarily due to increased cash received from sales and reduced cash payments for goods and services [4]. Asset and Liability Situation - The company's cash and cash equivalents amount to 484 million yuan, a year-on-year increase of 82.90%, mainly due to the redemption of structured deposits. Interest-bearing liabilities are 322 million yuan, a decrease of 29.13% year-on-year, indicating progress in debt management. However, the ratio of cash to current liabilities is only 98.37%, and the average operating cash flow over the past three years to current liabilities is only 15.05%, indicating some short-term solvency risks [5]. Cost and Expense Control - The ratio of the company's three expenses (selling, administrative, and financial expenses) to revenue is 9.64%, a year-on-year decrease of 23.97%, indicating effective cost control. Specifically, selling expenses, administrative expenses, and financial expenses decreased by 4.73%, 14.07%, and 84.5%, respectively, due to reductions in salaries, office expenses, and interest payments, along with increased foreign exchange gains [6]. R&D Investment - R&D expenses have decreased by 16.37% year-on-year, primarily due to reductions in salaries, material consumption, and depreciation. Despite the decrease in R&D investment, the company needs to maintain focus on R&D to respond to the rapidly changing consumer electronics industry [7]. Industry Outlook and Company Strategy - The consumer electronics industry is showing signs of recovery in 2024, particularly in the smartphone and smart wearable device sectors. The company plans to enhance its core competitiveness through technological innovation, global capacity layout, and high-quality customer resources. Future focus will be on developing thermal management devices and innovative smart wearable products, as well as conducting technological research in composite materials to meet the demands of emerging application scenarios [8].