Zhiou Technology (301376): Full acceleration in June; Xiaomi Auto launches SKYNOMAD sub-brand, opening new growth potential
Investment rationale: Pop Mart announced on July 8 its plan to grant a total of 101,900 share awards to align the interests of its core team with the Group's long-term objectives; BRICKLIVE participated in the Thailand Toy Expo to enhance overseas brand visibility and continues to enrich its portfolio.
Zhiou Technology (301376) Company Note: Turning Point in Performance Approaches, Embarking on the Journey Toward CNY 100 Billion
Recent developments have catalyzed the company’s venture capital model transition into an acceleration phase. On the revenue side, the U.S. and Canadian markets are entering a low-base recovery stage following tariff-related disruptions, while the European core business continues to demonstrate solid growth. Meanwhile, the company is persistently expanding its product categories, broadening distribution channels, and enhancing supply chain efficiency.
Zhiou Technology (301376.SZ): Repurchased 317,900 Shares for the First Time
Gelonghui, June 30 — ZOEU Technology (301376.SZ) announced that on June 29, 2026, the company carried out its first share repurchase through a dedicated securities account for share repurchases via centralized bidding transactions. The number of shares repurchased was 317,900, representing 0.0790% of the company’s current total share capital. The highest transaction price was RMB 17.80 per share, and the lowest was RMB 17.46 per share, with a total transaction value of RMB 5.63 million (excluding transaction fees). This repurchase complies with the company’s share repurchase plan and relevant laws and regulations.
Zhiou Technology (301376): A leading cross-border home furnishings company with solid capabilities in products, branding, channels, and supply chain
Company Overview: Global operations with steady revenue growth. Evolving from single-site trading to global operations, the company benefits from a stable core team and is poised for earnings recovery. It operates under the parent brand SONGMICS HOME, which oversees three sub-brands covering furniture.
Zhiou Technology (301376.SZ) plans to repurchase shares worth between RMB 50 million and RMB 100 million.
Zhiou Technology (301376.SZ) announced that the company plans to repurchase shares worth between RMB 50 million and RMB 100 million, at a price not exceeding RMB 26.59 per share. The repurchased shares will be used for an employee stock ownership plan or equity incentive plan. The funds for this share repurchase will come from the company's own capital and a special bank loan designated for share buybacks, with the bank loan accounting for no more than 90% of the total amount.
Major OSAT provider sees stake reduced by China Integrated Circuit Industry Investment Fund, ownership falls to 5%! | Selected Post-Market Announcements
A leading semiconductor packaging and testing company saw its stake reduced by China's National Integrated Circuit Industry Investment Fund, causing the fund’s ownership to drop below 5%! A stock that surged 200% in 30 days stated its MLCC products are not currently used in AI servers; meanwhile, a major private refining and petrochemical conglomerate forecasts net profits of nearly RMB 6 billion for the first half of the year...
Zhitoong A-Share Lock-Up Expiry Calendar | June 22
Zhitong Finance APP has learned that on June 22, a total of 15 listed companies had restricted shares unlocked, with a combined market value of approximately RMB 11.589 billion. Details of today's restricted share unlocks are as follows: Stock Name Stock Code Type of Restricted Shares Number of Shares Unlocked (in ten thousand) Taigang Stainless 000825 Restricted shares from equity incentives 757.21 Accelink Technologies 002281 Restricted shares from equity incentives 668.76 Tianan New Materials 603725 Placement A-shares originally allocated to existing shareholders 1,300 Opple Lighting 603515 Restricted shares from equity incentives 261.52 LIG Photonics 300557 Restricted shares from equity incentives 44.6
Zhiou Technology (301376.SZ): Controlling shareholder voluntarily extends lock-up period for certain restricted shares
Gelonghui, June 18 — ZOEUROPE Technology Co., Ltd. (301376.SZ) announced that it recently received a "Letter of Commitment on Voluntarily Extending the Lock-up Period for Certain Restricted Shares" from Mr. Song Chuan, the company's controlling shareholder. Based on his confidence in the company's future growth prospects and strong recognition of its intrinsic value, and with the aim of further promoting the company's sustained, stable, and healthy development and safeguarding the interests of public investors, Mr. Song Chuan has voluntarily extended the lock-up period for certain pre-IPO restricted shares he holds.
Zhiou Technology (301376) Company Tracking Report: Actively Advancing VC Model, Profit Upside Potential Expected to Materialize
Report Summary: The company is currently actively promoting VC-model sales for large-ticket items, and the VC share is expected to reach 30–35% by 2026. Against the low base of last year—impacted by tariffs—the company is projected to return to positive growth in 2026, with potential earnings elasticity poised for realization.
Zhiou Technology (301376): A Leading Home Goods Seller with Solid Fundamentals, Steady Expansion, and Promising Profitability
A leading cross-border home furnishings company pursuing steady expansion. ZOEU focuses primarily on furniture and home products, with operations centered in Europe and supplemented by North America; sales are driven by Amazon while also expanding onto local and emerging platforms. The company's revenue has been steadily growing, with 2024/2025 YoY
Research Spotlight | Zheshang Securities: Upgrades ZOEURO to "Buy" rating, citing efficiency gains driving category expansion and entry into a new growth phase
Gelonghui, May 25 | A research report by Zheshang Securities noted that ZOEU Tech is a leading home furnishings cross-border e-commerce company. The firm’s strategic adjustments and cost-efficiency improvements support accelerated product launches and drive revenue above expectations, while its evolving sales model is expected to propel profits beyond forecasts. The market perceives cross-border home furnishings as lacking growth potential and views large-item cross-border e-commerce as having low barriers to entry. However, the brokerage believes that despite weak discretionary spending in Europe and the U.S. in 2026, cross-border e-commerce in home furnishings is still expected to sustain relatively high growth rates, with continued penetration gains. The European market presents high operational barriers, where the company holds a clear leadership position, and offers substantial room for category expansion. Moreover, the transition in its cooperation model with Amazon is likely to drive margin performance
Zhiou Technology (301376): The switch to VC yields visible results
The company released its Q1 2026 report and FY2025 annual report. In Q1 2026, the company reported revenue of RMB 2.3 billion, up 11% year-over-year; net profit attributable to shareholders was RMB 0.8 billion, down 32% year-over-year; and net profit attributable to shareholders excluding non-recurring gains and losses was RMB 0.6 billion, down 52% year-over-year. Foreign exchange losses amounted to approximately
Zhiou Technology (301376): Efficiency Gains Drive Category Expansion, Entering a New Growth Phase
Investment Highlights — One-Sentence Investment Thesis: Zhiou Technology is a leading home furnishings cross-border e-commerce company; strategic adjustments and cost-efficiency improvements support accelerated product launches and drive revenue above expectations, while the shift in sales model is expected to propel profits beyond forecasts. Upside drivers include: 1) operations
Zhiou Technology (301376) 2025 & 2026 Q1 Review: Accelerated Growth and Reinforced Confidence with New Incentives
Event Description: In 2025, the company achieved operating revenue/parent company net profit/net profit excluding non-recurring items of RMB 8.70 billion/RMB 340 million/RMB 320 million, representing year-on-year growth of 7.1%/0.7%/3.4%. In Q1 2026, the company achieved operating revenue.
Industrial Securities: The light manufacturing sector lacks beta-driven momentum; seek high-alpha quality stocks from the bottom up.
In the second half of 2026, the bank believes that the core logic of the light industry sector lies in seeking high-quality supply, with weaker demand-side reasoning.
Orient Securities: Strong export performance in the commerce and retail sector in April, with continued momentum in cross-border e-commerce.
The bank believes that, based on a synthesis of Amazon data and U.S. retail figures, the demand side in the U.S. still demonstrates a certain degree of resilience, thereby benefiting cross-border e-commerce growth in the American market.
Zhiou Technology (301376) 2025 Annual Report and 2026 Q1 Earnings Commentary: Steady Growth in Europe, Short-term Currency Fluctuation Impact, Supply Chain Implementation Driving Operational Recovery
The company released its annual report for the year 2025. In 2025, the company achieved operating revenue of 8.701 billion yuan, representing a year-on-year increase of 7.1%, and net profit attributable to shareholders of 336 million yuan, up 0.67% year-on-year. Excluding non-recurring items, net profit attributable to shareholders was 310 million yuan.
Zhiou Technology (301376): Short-term profit pressure with sufficient momentum for subsequent recovery; Employee stock ownership and incentive plans demonstrate confidence.
The company released its 2025 annual report and Q1 2026 earnings report. The company's revenue for 2025 was RMB 8.701 billion, representing a year-on-year increase of 7.10%; net profit attributable to shareholders was RMB 336 million, up 0.67% year-on-year. Breaking it down by quarter,
Zhiou Technology (301376): Supply chain restructuring implemented in 2025, performance improvement expected in 2026.
In the past 25 years, the company's revenue and net profit attributable to shareholders increased by 7.1% and 0.67% year-on-year, respectively. Among these, revenue from the European market grew robustly by 16%, while the American market faced short-term pressure due to supply chain shifts. The slowdown in profit growth was mainly due to exchange rate fluctuations and adjustments in the supply chain.
Zhiou Technology (301376): Business Model Transition Yields Results, Q1 Operating Profit Improves
The company announced its 2025A and 2026Q1 performance. In 2025, the company achieved a revenue of 8.701 billion yuan, representing a year-on-year increase of 7.1%, and a net profit attributable to shareholders of 336 million yuan, marking a year-on-year growth of 0.67%. In Q4, the company generated revenue.