Zhejiang Century Huatong net profit boosted by Moore Threads IPO

Zhejiang Century Huatong Group Co., Ltd. announced that its wholly-owned subsidiary, Shanghai Shengqu Shumen Enterprise Management Co., Ltd., holds a 7.3121% stake in Guosheng Capital. Guosheng Capital, in turn, owns 19,588,689 shares of Moore Threads Intelligent Technology (Beijing) Co., Ltd. (Moore Threads), which listed on the Shanghai Stock Exchange's STAR Market on December 5, 2025, with an issue price of 114.28 yuan per share.

Guosheng Capital’s holding represents 4.8968% of Moore Threads' total share capital before the IPO and 4.1676% after the IPO. The shares held by Guosheng Capital are subject to a 12-month lock-up period post-listing.

Based on Moore Threads' closing price on December 10, 2025, Zhejiang Century Huatong estimates a preliminary impact of 640 million yuan on its Q4 2025 net profit, representing approximately 53% of its audited net profit attributable to parent company in 2024. The fair value of these indirect holdings will fluctuate with market prices, impacting future earnings.