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Mingxin New Material
605068.SH
Mingxin New Material Co.,Ltd. engages in the research, development, production and sales of automotive interior materials in China. It offers Verona microfiber, Menocra microfiber, Mingxin leather, and Hurongo PU materials used in seats, steering wheels, dashboards, headrests, armrests, ceilings, etc. The company was formerly known as Mingxin Automotive Leather Co., Ltd.
290.18 B
605068.SHMarket value -Rank by Market Cap -/-

Financial Score

08/11/2025 Update
C
TextilesIndustry
Industry Ranking27/52
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreD
    • ROE-12.78%D
    • Profit Margin-15.48%D
    • Gross Margin17.25%D
  • Growth ScoreB
    • Revenue YoY36.73%A
    • Net Profit YoY-897.52%E
    • Total Assets YoY3.56%C
    • Net Assets YoY-11.11%D
  • Cash ScoreC
    • Cash Flow Margin-646.05%E
    • OCF YoY36.73%A
  • Operating ScoreC
    • Turnover0.39C
  • Debt ScoreD
    • Gearing Ratio56.49%D

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Institutional View & Shareholder

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    News
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    Mingxin New Material and others established an embodied intelligence technology company in Shanghai with a registered capital of 12 million

    According to Tianyancha's business information, recently, XuQing Lingdong Intelligent Technology Co., Ltd. was established, with Luo Zheng as the legal representative and a registered capital of 12 million RMB. The business scope includes research and development of intelligent robots, development of network and information security software, development of artificial intelligence application software, computer system services, software outsourcing services, sales of intelligent robots, sales of industrial robots, software sales, and more. Shareholder information shows that the company is jointly held by Mingxin New Material and Shanghai Qingbao Engine Robot Co., Ltd

    Zhitong·
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    605068
    -1.49%
    Zhitong·
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    Mingxin New Material and Qingbao Robotics establish an embodied intelligence technology company

    According to the Qichacha APP, recently, Xuqing Lingdong Intelligent Technology Co., Ltd. was established with a registered capital of 12 million yuan. Its business scope includes: research and development of intelligent robots; development of network and information security software; development of artificial intelligence application software, etc. Qichacha's equity penetration shows that the company is jointly held by Mingxin New Material and Shanghai Qingbao Engine Robotics Co., Ltd. Public information indicates that the company will engage in the manufacturing of dexterous hands and other businesses

    Zhitong·
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    605068
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    Mingxin New Material has received project designation from a leading new energy vehicle customer

    According to the Zhitong Finance APP, Mingxin New Material announced that the company recently received a designated notification from a leading new energy vehicle customer (name cannot be disclosed due to confidentiality agreement, hereinafter referred to as "customer"). The company will serve as the parts supplier for the customer, developing interior materials for its new energy vehicle models. According to the customer's plan, the total sales amount for this designated project over its lifecycle is approximately RMB 650 million

    Zhitong·
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    Zhitong·
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    Mingxin New Material's shareholders holding over 5% of the shares have pledged part of their holdings

    Zhong Yan, a shareholder holding more than 5% of Mingxin New Material Co., Ltd., pledged 4.8 million shares on September 29, accounting for 17.14% of his holdings and 2.96% of the company's total share capital. The pledged financing is used to supplement working capital, with a maturity date of September 29, 2026. As of the announcement date, Zhong Yan has cumulatively pledged 13.96 million shares, accounting for 49.86% of his holdings in the company and 8.61% of the company's total share capital. The company stated that there is no risk of forced liquidation of the pledged shares and that it has no adverse impact on operations

    Zhitong·
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    Mingxin New Material and others established a new company, including robotics business

    According to the Qichacha APP, recently, Mingxin Zhida Technology Co., Ltd. was established with a registered capital of 10 million yuan. Its business scope includes: research and development of intelligent robots; manufacturing of automotive parts and components; manufacturing of bearings, gears, and transmission components, etc. Qichacha's equity penetration shows that the company is jointly held by Mingxin New Material and others

    Zhitong·
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    605068
    -1.49%
    Zhitong·
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    605068
    -1.49%