Anhui Zhongding Sealing Parts Co., Ltd.
Abstract of the Semi-Annual Report 2026
Stock Abbreviation: Zhongding Stock
Stock Code: 000887
August 2026
Ⅰ Important Statements
This is an abstract of the Semi-Annual Report 2026. To gain a comprehensive understanding of the Company's
operating results, financial status, and future development plans, investors should carefully read the full text of the
semi-annual report in the media designated by the China Securities Regulatory Commission. Should there be any
inconsistency between the Chinese version and the English version, the Chinese version shall prevail. All directors
attended this semi-annual report meeting of the board of directors.
Non-Standard Auditor’s Opinion
□ Applicable √ N/A
The profit distribution plan or the plan for increasing share capital by converting capital reserve for the
reporting period under review by the board of directors is:
□ Applicable √ N/A
The preliminary plan for dividend distribution for preferred shares in the reporting period was approved by the
Board.
□ Applicable √ N/A
Ⅱ Company Profile
Stock Abbreviation Zhongding Stock Stock Code 000887
Stock Exchange on Which the Shares of Shenzhen Stock Exchange
the Company are listed
Contact Us Board Secretary Securities Affairs Representative
Name Jiang Weijian Wang Songyuan
Zhongding Industrial Park, Economic Zhongding Industrial Park, Economic
Address and Technological Development Zone, and Technological Development Zone,
Ningguo City, Anhui Province Ningguo City, Anhui Province
Tel. 0563-4181887 0563-4181887
Email jiangwj@zhongdinggroup.com wangsy@zhongdinggroup.com
Whether the Company needs to retrospectively adjust or restate accounting data for previous years
? Yes No
The reporting period The same period YoY (%)
last year
Operating revenue (RMB Yuan) 10,090,693,873.12 9,846,412,091.60 2.48%
Net profit attributable to shareholders of the 680,468,720.86 817,272,916.44 -16.74%
listed Company (RMB Yuan)
Net Profit Attributable to Shareholders of the
Listed Company after Deducting Nonrecurring 806,234,541.52 780,315,247.06 3.32%
Gains and Losses ( RMB Yuan)
Net cash flow from operating activities ( RMB Yuan) 757,594,978.77 617,074,188.62 22.77%
Basic earnings per share ( RMB Yuan/share) 0.52 0.62 -16.13%
Diluted earnings per share ( RMB Yuan/share) 0.52 0.62 -16.13%
Weighted average ROE (%) 4.64% 6.17% -1.53%
As at the end of As at the end of last
YoY (%)
the reporting year
period
Total assets (RMB Yuan) 26,983,408,035.17 27,382,144,460.39 -1.46%
Net assets attributable to shareholders of the 14,769,653,281.01 14,402,629,015.66 2.55%
listed Company (RMB Yuan)
Unit: share
Total number of common Total number of preferred shareholders
share holders at the end of the 92,295
with resumed voting rights at the end of the 0
Reporting Period Reporting Period (if any)
Top 10 common shareholders
Number Pledged or frozen shares
Total shares of
Name of Nature of Shareholding
held at the restricted
shareholders shareholders percentage Status Number
period-end shares
held
Anhui
Domestic
Zhongding
non- state-
Holding 40.46% 532,701,321.00 0.00 pledged 162,500,000.00
owned
(Group) Co.,
corporation
LTD
Hong Kong
Securities
Clearing Co., Foreign 1.47% 19,327,624.00 0.00
corporation
Ltd.
(HKSCC)
Domestic
Zhu Jianwei natural 0.62% 8,123,900.00 0.00
person
Huatai Youyi
Hybrid
Pension
Product –
Industrial and Others 0.54% 7,148,822.00 0.00
Commercial
Bank of
China
Limited
Domestic
Miaosu natural 0.50% 6,582,900.00 0.00
person
Domestic
Zhao Xiyi natural 0.43% 5,720,666.00 0.00
person
Goldman
Sachs Foreign 0.42% 5,500,648.00 0.00
International corporation
– Own Funds
Domestic
Liu
natural 0.29% 3,796,000.00 0.00
Liangheng
person
Basic
Pension
Insurance Others 0.29% 3,791,470.00 0.00
Fund – 1901
Portfolio
Domestic
Liu Yanping natural 0.27% 3,546,000.00 0.00
person
The Company does not know whether there is an associated relationship
between the shareholders, and whether it is a person acting in concert
Related or acting-in-concert parties among
stipulated in the Administrative Measures for the Disclosure of
shareholders above
Information on Changes in Shareholdings of Shareholders of Listed
Companies.
As of June 30, 2026, among the top 10 shareholders of the Company,
shareholder Zhu Jianwei held 7,765,800 shares of the Company through
the customer credit transaction secured Securities account of Shougang
Securities Co., Ltd., shareholder Miaosu held 6,532,900 shares of the
Notes on the existence of Company through the customer credit transaction Secured Securities
repurchase specialized accounts among the account of GF Securities Co., Ltd., shareholder Liu Liangheng held
top 10 shareholders (if any) 3,796,000 shares of the Company through the customer credit transaction
Secured Securities account of CITIC Securities Co., Ltd., shareholder
Liu Yanping held 3,460,000 shares of the Company through the
customer credit transaction Secured Securities account of Shenwan
Hongyuan Securities Co., Ltd.
The lending of shares by shareholders holding more than 5% of shares, the top 10 shareholders, and the top 10
shareholders with non-restricted shares in the securities financing business
? Applicable ? N/A
Changes in the top 10 shareholders and the top 10 shareholders without selling restrictions due to securities
lending/returning transactions of refinancing business compared to the previous period
? Applicable ? N/A
Change of the controlling shareholder in the reporting period
□ Applicable √ N/A
There was no change in the controlling shareholder of the Company in the reporting period
Change of the actual controller in the reporting period
□ Applicable √ N/A
There was no change in the actual controller of the Company in the reporting period
Shareholding Status of the Top 10 Preferred Shareholders
□ Applicable √ N/A
There is no shareholding of preferred shareholders during the reporting period.
□ Applicable √ N/A
Ⅲ Important Items
The Company continues to advance cost control and refined management practices at its overseas factories,
while further expanding its overseas raw material production and mold manufacturing operations; through a series
of measures—including reducing manufacturing costs for its overseas subsidiaries and optimizing expenditures—the
Company enhances the profitability and certainty of its international business activities; via continuous
management improvements, both domestic and international operations have maintained a steady upward growth
trajectory, and the Company's overall profitability has gradually increased. Building on years of collaborative
experience with its overseas partners, the Company is progressively strengthening its strategies for management and
cultural export, enhancing cost control at its overseas operations, advancing business integration and market
expansion, and leveraging the advantage of China's engineering talent pool to further accelerate technology
absorption and innovation.
In the automotive sector, the Company will continue to align its efforts with its Intelligent Chassis System
strategic objective, driving its business forward toward greater intelligence, while maintaining steady growth in its
traditional business segments and accelerating the development of its emerging business segments. Simultaneously,
the Company is actively expanding its presence across new frontier sectors—including data centers, humanoid
robotics, the low-altitude economy, and the application of AI technologies. As the Company advances into the AI
domain, it is committed to building a "Tech Zhongding" presence; it is establishing a dedicated Token Factory team
and is constructing a full-stack intelligent computing operations and maintenance system, striving to fully realize
the industrial deployment of its AI computing power business. The Company has also achieved breakthroughs in
high-end data center thermal management technologies, enabling the integration of its entire product portfolio and
securing designated manufacturing contracts. Currently, in the humanoid robotics sector, the Company has
implemented a three-pronged approach—comprising core component manufacturing, OEM-based intelligent
manufacturing of robot bodies, and the promotion of sales and application scenarios—to solidify its position as a
leading player across the industry chain and establish a comprehensive robotics ecosystem.
(1) Industry Overview
With the rapid advancement of artificial intelligence technologies and the accelerated deployment of large-
scale models, global demand for computing power is experiencing explosive growth. At the national level,
significant emphasis is being placed on the development of computing power infrastructure, with the in-depth
implementation of the "East Data, West Computing" initiative to accelerate the establishment of a nationwide
integrated computing power network. Currently, China ranks second globally in total AI computing power capacity.
Meanwhile, the power consumption of AI chips continues to rise; the power consumption per chip has exceeded
thermal management requirements for high power density. Liquid cooling technology, owing to its outstanding
advantages—such as high thermal efficiency and the ability to reduce PUE below 1.15—has become an inevitable
choice for the construction of intelligent computing centers. The adoption rate of liquid cooling in China's data
centers is rising rapidly, and the industry is entering a phase of rapid growth characterized by large-scale
commercial deployment.
(2) Company Product and Business Development Status
The Company has identified the development of AI computing centers and data center thermal
management solutions as one of its core strategic priorities, focusing particularly on establishing AI computing
centers and planning the deployment of GPU clusters with a capacity of 10,000 cards. To support integrated
large-scale models training and inference services, the Company has formed a dedicated Token Factory team.
Leveraging its extensive expertise in system integration, sealing materials, and high-efficiency heat exchange
– accumulated over many years in the automotive thermal management sector – the Company has expanded
into the liquid cooling market, achieved breakthroughs in cutting-edge technologies, secured support for its
entire product portfolio, and been designated as a certified manufacturer.
The Company is actively expanding its supercomputing center thermal management business, having
established a comprehensive product portfolio that includes secondary-side liquid cooling solutions—such as
liquid-cooled rack systems, CDUs (Cold Fluid Distribution Units), microchannel cooling plates, quick-connect
couplings, and piping systems — as well as a range of serialized test load products. It offers customized
"system + software + product" integrated solutions alongside flexible supply chain services. The Company has
secured multiple orders for cooling plate-based and immersion-based liquid cooling products; as of now, the
total value of these orders amounts to approximately RMB 43 million. Meanwhile, the Company is
accelerating its capacity expansion to ensure timely delivery of all orders.
The Company actively responds to the national "New Quality Productivity" development strategy and
aligns itself closely with the burgeoning AI industry landscape by strategically launching its AI Computing
Power Center business. It is committed to building an intelligent computing infrastructure platform that
integrates computing power supply, large-scale model services, and AI application enablement. Currently, the
Company has signed strategic cooperation agreements with China Unicom Green Computing and Tencent
Cloud. The Company's Intelligent Computing Center will leverage high-standard data centers equipped with
industry-leading computing infrastructure and high-speed network architectures to provide commercial
services—including high-performance computing power leasing, private deployment of large-scale models,
and AI inference services—to government and enterprise clients. The Company is currently establishing a
dedicated "Token Factory" team and building a full-stack intelligent computing operations and maintenance
(O&M) system to fully advance the industrial deployment of its AI computing power business.
(1) Industry Overview
As artificial intelligence technologies continue to advance and be widely adopted, embodied intelligent robots
are gradually becoming a reality, injecting fresh momentum into the digital transformation across various industries.
The Chinese government places great emphasis on developing cutting-edge industries; in 2025, embodied
intelligence was included in the Government Work Report for the first time, marking its official elevation as a key
future industry prioritized for national development—a sector with vast growth potential. Leveraging their
capabilities in autonomous perception, dynamic execution, and scenario adaptation, intelligent robots are
extensively deployed across numerous fields—including smart manufacturing, healthcare and elderly care, and
public services—effectively addressing labor shortages, simplifying complex tasks, and enhancing the quality and
efficiency of both social and industrial activities. Today, with the continuous iterative breakthroughs in artificial
intelligence and the labor demand gap arising from the global aging population, the robotics industry is entering a
golden era of rapid growth, driven by the convergence of multiple favorable factors.
(2) Company Product and Business Development Status
Leveraging its deep technical expertise in core components, its large-scale smart manufacturing
capabilities in OEM production, and its ability to implement solutions tailored to specific sales and application
scenarios, the Company has established a three-pronged synergistic driving mechanism, creating a precise
closed-loop system spanning "R&D – Manufacturing – Commercial Transformation." This enables the
Company to solidify its position as a leading player in the industrial chain and achieve autonomous control
and collaborative empowerment across the entire robotics ecosystem.
The Company has achieved end-to-end independent development spanning precision actuation, force
sensing, and end-effectors, complemented by its self-developed motors, rotary actuators, and lightweight
skeletal systems, thereby establishing a comprehensive core component matrix covering the entire robotic
"muscle–nerve–skeleton" ecosystem.
proprietary technologies for these products. It serves as a leading supplier of critical safety and performance
components for robotic joint systems and high-end equipment drive systems, boasting world-class R&D
capabilities and large-scale manufacturing capacity within an industry characterized by high technical barriers.
The Company's harmonic drive reducers offer outstanding advantages, including an extended service life and
high transmission accuracy; they represent core modules for enhancing robotic positioning accuracy, response
speed, and operational stability. These products command high technical added value and substantial unit
price, granting the Company an irreplaceable strategic position within the robotics industry chain. Currently,
the Company's harmonic drive reducers have secured dedicated manufacturing contracts from Zhongqing,
Fourier, and a leading domestic robotics manufacturer, reflecting strong business growth momentum. The
annual production capacity stands at 150,000 units, and as of now, the Company has received orders totaling
approximately 300,000 units.
including ultra-thin 6D force sensors, axial force and torque sensors, Mini 1D tensile pressure sensors, and 6D
joint calibration testers—for numerous leading customers. These products boast outstanding advantages such
as high accuracy, strong overload resistance, and a broad measurement range, representing a highly
demanding technical barrier within the industry. Currently, the Company's force sensors have secured
dedicated procurement agreements with clients, including Fu Liye, and it is collaborating with several leading
humanoid robot system integrators to initiate product sampling and delivery processes. While continuously
enhancing its product competitiveness, the Company is also actively strengthening its sensor mass-production
capabilities, with an annual production capacity of 200,000 units.
sector and has long been dedicated to the research and development of high-precision, low-noise, and long-life
motors; high-efficiency, energy-saving, and compact motor technologies; the development of integrated motor
drive control modules; the research, development, and upgrading of high-efficiency, energy-saving motors;
the R&D of core technologies for high-power motors; and the development of specialized motor compatibility
solutions. Currently, the Company's micro-motor products have secured a designated contract with a leading
domestic robotics enterprise, with an annual production capacity of 540,000 units and a total order backlog of
approximately 180,000 units.
development initiatives, while simultaneously advancing its supporting component supply business for
humanoid robots—including lightweight skeletons, rubber components, and electronic skin. Among these, its
lightweight skeleton and rubber component business has secured multiple designated contract agreements.
The establishment of the Dingli Kexing subsidiary's manufacturing facility and the successful completion
of the production line for humanoid robot systems mark the official deployment of the Company's OEM
manufacturing capabilities for robot bodies. Currently, the Company has entered into a partnership with Zhuji
Power to undertake OEM manufacturing services for robot bodies and is actively engaging with multiple robot
body manufacturers. The first-phase production line has been put into operation; subsequent phases will
involve continuous optimization and iteration to build a smart, modern manufacturing base with enhanced
production capacity, providing intelligent manufacturing support for OEM robot body production across the
robotics industry. In the first half of this year, Dingli Kexing undertook the contract manufacturing of 60
humanoid robots.
Leveraging its comprehensive precision manufacturing capabilities and full industrial chain deployment,
the Company firmly holds its position as the core enterprise within Hefei's robotics industry chain. It has
established deep strategic partnerships with leading domestic robotics brands such as Zhuji Power, Mojia
Robotics, Zhongqing Robotics, and Shanghai Fourier; customers from the automotive OEM sector entering
the robotics market are also now undergoing comprehensive integration and development processes. On the
smart manufacturing front, the Company has forged supply chain collaborations with firms including Zhuji
Power and Shuixing Ketian, while also initiating R&D partnerships with academic teams at institutions such
as the University of Science and Technology of China. Its subsidiary, Kekebao, is actively promoting the sales
and application scenarios of humanoid robots and has established its first 6S retail store and secondary
development company in Hefei. This initiative has initially shaped an industrial ecosystem centered around
Zhongding—encompassing the manufacturing of core robotics components, OEM-based intelligent
manufacturing of robot bodies, and the promotion of sales and application scenarios—thereby further
strengthening this synergistic effect.
(1) Industry Overview
The automotive industry is currently undergoing a profound transition toward electrification and intelligent
transformation; market competition is intensifying, while consumer demand continues to evolve. Domestic
automakers are steadily strengthening their overall competitiveness. As global expansion efforts continue and the
industrial chain is being rapidly optimized and consolidated, the industry is shifting from pure price competition to
a comprehensive rivalry centered on technology, quality, and service. As a result, the entire sector is steadily
advancing toward greener, higher-end, and more diversified development.
(2) Company Product and Business Development Status
While focusing on its own business development, the Company has leveraged overseas mergers and
acquisitions to introduce, digest, and absorb advanced technologies and manufacturing processes from Europe
and North America, actively positioning itself as a leading enterprise across multiple specialized segments.
Currently, the Company has established a comprehensive business portfolio comprising both traditional non-
tire rubber products—such as seals and chassis shock absorbers—and incremental products tailored to the
evolving trends of electric and intelligent vehicles, including air suspension systems, lightweight chassis
systems, and thermal management systems. These products are supplied to leading domestic and international
automakers as well as emerging automotive players, including Mercedes-Benz, BMW, Audi, Volvo, BYD,
Geely, XPeng, Li Auto, and NIO. Additionally, the Company is actively expanding into the energy storage
and thermal management sector, having already launched mass-produced, serialized liquid-cooled energy
storage systems. The Company will continue to enhance its domestic and international supply chain networks
to further solidify its global industrial presence. It remains ranked among the "Top 100 Global Automotive
Components Manufacturers" (81st place) and the "Top 50 Global Non-Tire Rubber Products Manufacturers"
(8th place globally, 1st place in China).
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