Core Viewpoint - Tianzhen Co., Ltd. is a significant player in the global new PVC composite flooring industry, focusing on the research, production, and sales of innovative PVC composite flooring products, with advanced production technology and a full industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Tianzhen achieved a revenue of 1.2 billion yuan, ranking 7th among 13 companies in the industry [2] - The company's net profit for the same period was 85.24 million yuan, placing it 6th in the industry [2] - The revenue breakdown includes SPC flooring at 457 million yuan (57.42%), WPC flooring at 160 million yuan (20.05%), RPET flooring at 129 million yuan (16.26%), LVT flooring at 36.11 million yuan (4.54%), and other products at 13.76 million yuan (1.73%) [2] Group 2: Financial Ratios - As of Q3 2025, Tianzhen's debt-to-asset ratio was 8.04%, significantly lower than the industry average of 39.52%, indicating strong solvency [3] - The gross profit margin for the same period was 17.85%, which is below the industry average of 23.08% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 3.02% to 14,900 [5] - The average number of circulating A-shares held per shareholder increased by 3.11% to 3,690.91 [5] - Major shareholders include Huaxia Xingyang One-Year Holding Mixed Fund, which reduced its holdings by 547,400 shares [5]

Group 1 - The stock of Tianzhen Co., Ltd. dropped by 5.36% on October 30, closing at 24.20 CNY per share, with a trading volume of 106 million CNY and a turnover rate of 7.65%, resulting in a total market capitalization of 5.227 billion CNY [1] - Tianzhen Co., Ltd. specializes in the research, production, and sales of new PVC composite flooring materials, with its main business revenue composition being: SPC flooring 57.42%, WPC flooring 20.05%, RPET flooring 16.26%, LVT flooring 4.54%, and other products 1.73% [1] Group 2 - According to data, one fund under Baoying Fund holds a significant position in Tianzhen Co., Ltd., specifically Baoying New锐 Mixed A (001543), which held 73,000 shares in the third quarter, accounting for 1.16% of the fund's net value, making it the second-largest holding [2] - Baoying New锐 Mixed A (001543) has achieved a year-to-date return of 36.25%, ranking 2591 out of 8152 in its category, and a one-year return of 45.11%, ranking 1467 out of 8038 [2] - The fund manager, Cai Dan, has been in position for 8 years and 89 days, with the fund's total asset size currently at 2.35 billion CNY, achieving a best return of 102.33% and a worst return of 0.99% during his tenure [2]

10月28日，天振股份涨5.36%，截至发稿，报25.77元/股，成交9190.82万元，换手率6.72%，总市值 55.66亿元。 责任编辑：小浪快报 银华价值优选混合（519001）成立日期2005年9月27日，最新规模18.23亿。今年以来收益11.72%，同类 排名5714/8155；近一年收益11.65%，同类排名5443/8029；成立以来收益621.28%。 银华价值优选混合（519001）基金经理为苏静然。 截至发稿，苏静然累计任职时间8年81天，现任基金资产总规模28.87亿元，任职期间最佳基金回报 92.74%， 任职期间最差基金回报-19.14%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 资料显示，浙江天振科技股份有限公司位于浙江省安吉经济开发区健康产业园(安吉县递铺街道阳光大 道398号)，成立日期2003年1月16日，上市日期2022年11月14日，公司主营业务涉及新型PVC复合材料 地板的研发、生产和销售。主营业务收入构成为：SPC地板 ...

Core Viewpoint - Tianzhen Co., Ltd. has seen a stock price increase of 5.04%, reaching 24.19 CNY per share, with a total market capitalization of 5.225 billion CNY as of October 21 [1] Company Overview - Zhejiang Tianzhen Technology Co., Ltd. was established on January 16, 2003, and went public on November 14, 2022 [1] - The company specializes in the research, production, and sales of new PVC composite flooring materials [1] - Revenue composition includes: SPC flooring 57.42%, WPC flooring 20.05%, RPET flooring 16.26%, LVT flooring 4.54%, and other products 1.73% [1] Shareholder Information - Silver Hua Fund's Silver Value Preferred Mixed Fund (519001) is among the top ten circulating shareholders of Tianzhen Co., Ltd. [2] - In the second quarter, the fund reduced its holdings by 392,800 shares, maintaining 1,431,300 shares, which accounts for 2.61% of circulating shares [2] - The fund has achieved a floating profit of approximately 1.6603 million CNY as of today [2] Fund Manager Profile - The fund manager of Silver Value Preferred Mixed Fund is Su Jingran, who has been in the position for 8 years and 74 days [3] - The total asset size of the fund is 2.754 billion CNY, with the best return during the tenure being 91.11% and the worst return being -20.6% [3]

Group 1 - The core viewpoint of the news is that Tianzhen Co., Ltd. experienced a stock price increase of 5.03%, reaching 23.82 CNY per share, with a total market capitalization of 5.145 billion CNY [1] - Tianzhen Co., Ltd. specializes in the research, production, and sales of new PVC composite flooring materials, with its main business revenue composition being 57.42% from SPC flooring, 20.05% from WPC flooring, 16.26% from RPET flooring, 4.54% from LVT flooring, and 1.73% from other products [1] Group 2 - Among the top ten circulating shareholders of Tianzhen Co., Ltd., a fund under Yinhua Fund holds a significant position, having reduced its holdings by 392,800 shares, now owning 1.4313 million shares, which accounts for 2.61% of the circulating shares [2] - The Yinhua Value Selected Mixed Fund (519001) has achieved a year-to-date return of 10.55%, ranking 5622 out of 8161 in its category, and a one-year return of 10.46%, ranking 5372 out of 8015 [2] Group 3 - The fund manager of Yinhua Value Selected Mixed Fund (519001) is Su Jingran, who has been in the position for 8 years and 68 days, with the fund's total asset size being 2.754 billion CNY [3] - During Su Jingran's tenure, the best fund return was 95.81%, while the worst return was -19.11% [3]

Core Insights - Tianzhen Co., Ltd. experienced a stock price increase of 4.85% on October 10, with a trading volume of 143 million yuan [1] - The company reported a significant year-on-year revenue growth of 153.97% for the first half of 2025, reaching 796 million yuan, and a net profit increase of 250.49%, amounting to 49.49 million yuan [2] Financing and Trading Activity - On October 10, Tianzhen Co., Ltd. had a financing buy-in amount of 14.19 million yuan and a financing repayment of 16.83 million yuan, resulting in a net financing outflow of 2.64 million yuan [1] - The total financing and securities lending balance as of October 10 was 96.69 million yuan, accounting for 7.22% of the circulating market value, indicating a high level of financing activity [1] Shareholder and Institutional Holdings - As of June 30, 2025, the number of shareholders increased by 7.12% to 15,300, while the average circulating shares per person decreased by 6.65% to 3,579 shares [2] - The top ten circulating shareholders include major funds such as Yinhua Value Preferred Mixed Fund and Huaxia Xingyang One-Year Holding Mixed Fund, with notable reductions in their holdings [3]

Group 1 - The core point of the news is that Tianzhen Co., Ltd. experienced a stock price increase of 5.17%, reaching 26.26 CNY per share, with a trading volume of 1.25 billion CNY and a turnover rate of 9.10%, resulting in a total market capitalization of 5.672 billion CNY [1] - Tianzhen Co., Ltd. is located in Anji Economic Development Zone, Zhejiang Province, and was established on January 16, 2003, with its listing date on November 14, 2022. The company specializes in the research, production, and sales of new PVC composite flooring materials [1] - The main business revenue composition of Tianzhen Co., Ltd. includes SPC flooring at 57.42%, WPC flooring at 20.05%, RPET flooring at 16.26%, LVT flooring at 4.54%, and other products at 1.73% [1] Group 2 - Among the top ten circulating shareholders of Tianzhen Co., Ltd., a fund under Yinhua Fund holds a significant position. The Yinhua Value Select Mixed Fund (519001) reduced its holdings by 392,800 shares in the second quarter, now holding 1.4313 million shares, which accounts for 2.61% of the circulating shares [2] - The Yinhua Value Select Mixed Fund (519001) was established on September 27, 2005, with a latest scale of 1.762 billion CNY. Year-to-date returns are at 14.97%, ranking 5243 out of 8171 in its category, while the one-year return is 28.61%, ranking 4932 out of 8004 [2]

Core Viewpoint - Tianzhen Co., Ltd. has seen a stock price increase of 5.17% to 25.22 CNY per share, with a total market capitalization of 5.448 billion CNY as of September 25 [1] Company Overview - Zhejiang Tianzhen Technology Co., Ltd. was established on January 16, 2003, and went public on November 14, 2022 [1] - The company specializes in the research, production, and sales of new PVC composite flooring materials [1] Revenue Composition - The main revenue sources for Tianzhen Co., Ltd. are as follows: - SPC flooring: 57.42% - WPC flooring: 20.05% - RPET flooring: 16.26% - LVT flooring: 4.54% - Other products: 1.73% [1] Shareholder Information - Silver Hua Fund's Silver Value Preferred Mixed Fund (519001) is among the top ten circulating shareholders of Tianzhen Co., Ltd. [2] - In the second quarter, this fund reduced its holdings by 392,800 shares, retaining 1,431,300 shares, which accounts for 2.61% of the circulating shares [2] - The fund has achieved a floating profit of approximately 1.7748 million CNY as of the latest data [2] Fund Performance - The Silver Value Preferred Mixed Fund (519001) was established on September 27, 2005, with a current scale of 1.762 billion CNY [2] - Year-to-date return is 14.04%, ranking 5343 out of 8173 in its category; the one-year return is 27.91%, ranking 5054 out of 8003; and since inception, the return is 636.26% [2]

Group 1 - The core point of the news is that Tianzhen Co., Ltd. experienced a 5.07% drop in stock price, closing at 21.36 yuan per share, with a trading volume of 155 million yuan and a turnover rate of 13.09%, resulting in a total market capitalization of 4.614 billion yuan [1] - Tianzhen Co., Ltd. is located in Anji Economic Development Zone, Zhejiang Province, and was established on January 16, 2003. The company went public on November 14, 2022, and its main business involves the research, production, and sales of new PVC composite flooring materials [1] - The revenue composition of Tianzhen Co., Ltd. includes SPC flooring at 57.42%, WPC flooring at 20.05%, RPET flooring at 16.26%, LVT flooring at 4.54%, and other products at 1.73% [1] Group 2 - From the perspective of the top ten circulating shareholders, a fund under Yinhua Fund is among the top shareholders of Tianzhen Co., Ltd. Yinhua Value Select Mixed Fund (519001) reduced its holdings by 392,800 shares in the second quarter, holding 1.4313 million shares, which accounts for 2.61% of the circulating shares [2] - The estimated floating loss for Yinhua Value Select Mixed Fund (519001) today is approximately 1.6317 million yuan [2] - Yinhua Value Select Mixed Fund (519001) was established on September 27, 2005, with a latest scale of 1.762 billion yuan. Year-to-date returns are 11.73%, ranking 5529 out of 8184 in its category, while the one-year return is 26.01%, ranking 5066 out of 7971 [2]

Group 1 - The core viewpoint of the article highlights that Haixiang New Materials reported a decline in revenue but a significant increase in net profit for the first half of 2025 [1] - The company's operating revenue for the first half of 2025 was 604 million yuan, a year-on-year decrease of 12.10%, while the net profit attributable to shareholders was 64.95 million yuan, a year-on-year increase of 1099.05% [1] - The basic earnings per share for the reporting period was 0.64 yuan, with a weighted average return on equity of 4.54% [1] Group 2 - The gross profit margin for the first half of 2025 was 24.94%, a decrease of 1.14 percentage points year-on-year, while the net profit margin was 10.76%, an increase of 9.97 percentage points compared to the same period last year [1] - In the second quarter of 2025, the gross profit margin was 27.21%, a year-on-year decrease of 1.05 percentage points but an increase of 5.05 percentage points quarter-on-quarter; the net profit margin was 12.10%, up 13.55% year-on-year and 3.00% quarter-on-quarter [1] - The company’s total expenses for the first half of 2025 were 86.73 million yuan, a decrease of 31.49 million yuan year-on-year, with an expense ratio of 14.36%, down 2.85 percentage points from the previous year [2] Group 3 - The company’s main business involves the research, production, and sales of PVC flooring, with revenue composition being 67.57% from SPC flooring, 16.60% from LVT flooring, 13.45% from WPC flooring, and 2.39% from other products [2] - As of the end of the first half of 2025, the total number of shareholders was 11,400, an increase of 2,098 households or 22.58% from the previous quarter [2] - The company is classified under the Shenwan industry as light industry manufacturing - household goods - tiles and flooring, and is associated with concepts such as micro-cap stocks, small-cap, pre-profit growth, share buybacks, and overseas expansion [2]