Core Viewpoint - Zhizhi New Materials Co., Ltd. (300986.SZ) experienced a significant stock price surge of 198.57% over six trading days, leading to its suspension for investigation on January 13, 2025, amid a booming commercial aerospace sector [2][15]. Company Overview - Zhizhi New Materials specializes in green new building formwork and is involved in modular construction and related new energy and materials businesses, integrating product design, production, rental, and technical services [3][15]. - The company is set to collaborate with a laboratory to develop high-temperature resistant materials by 2025 [2][13]. Stock Performance and Market Context - The stock price increase coincided with a broader rise in the commercial aerospace sector, which saw the A-share commercial aerospace index rise from 2307.24 points in mid-December 2024 to 2926.01 points by January 13, 2025 [3][15]. - Multiple regions, including Guangzhou, Shanghai, and Sichuan, have announced initiatives to develop commercial aerospace, which has contributed to the industry's rapid growth [4][16]. Product and Business Development - Zhizhi New Materials' main products include six types of building formwork, with aluminum formwork being a significant revenue contributor due to its lightweight and high precision [5][17]. - The company has previously been involved in projects related to aerospace, such as the Zhuhai Airport expansion, although it has not disclosed any recent contracts in the commercial aerospace sector [5][17]. New Material Innovations - The company is also focusing on the production of fireproof and heat-insulating materials, with a recent partnership with the University of Science and Technology of China to develop innovative materials [6][19]. - The new materials are expected to be applied in various fields, including construction insulation and battery safety, with ongoing testing in customer scenarios [19][20]. Financial Performance - Over the past five years, Zhizhi New Materials has shown consistent revenue growth, with annual revenues increasing from 1.12 billion yuan in 2020 to 2.53 billion yuan in 2024 [8][20]. - Despite a loss in 2023 due to increased costs and market fluctuations, the company returned to profitability in 2024, driven by international market expansion and the introduction of high-value products [9][21]. - In the first three quarters of 2025, the company reported revenues of 2.02 billion yuan, a year-on-year increase of 12.09%, and a net profit of 118 million yuan, up 98.65% [21].

Group 1 - The company, Zhite New Materials, specializes in green new-type building formwork, which is applicable to various public infrastructure projects such as utility corridors, tunnels, subways, bridges, water conservancy projects, and shafts [1] - The company aims to provide more comprehensive products and services to its customers in the public construction sector [1]