Zhen'ai Home Textile (003041) Limit-Up Analysis: Dual Drivers of Control Change and Performance Growth

As a leading enterprise in China’s blanket industry [0], Zhen’ai Home Textile (003041) has recently experienced consecutive limit-ups driven by multiple positive factors [2]. Key drivers include:

1. Control Change
   : The controlling shareholder, Zhen’ai Group, plans to transfer 29.99% of its shares to Guangzhou Tanji Yuanqing Technology, along with a 15% tender offer. Upon completion, the new controlling shareholder will hold 44.99% of the shares, and the actual controller will change to Li Zhan [0][3]. The transferee is an AI-related enterprise, and the market expects business synergies [3].
2. Significant Performance Growth
   : For the first three quarters of 2025, revenue was 724 million yuan (+16.16% YoY), and net profit attributable to parent company shareholders was 230 million yuan (+310.28% YoY) [0], significantly exceeding market expectations.
3. Industry and Policy Advantages
   : The company’s designed annual production capacity is 65,000-70,000 tons, with export revenue accounting for about 87% [0]. Its main markets cover the Middle East, North Africa, and Belt and Road Initiative partner countries [0], benefiting from relevant policy support.

• Multi-factor Resonance
  : The superposition of three factors—control change (AI concept), performance explosion, and export policy dividends—has formed a strong market catalyst [0][3].
• Market Sentiment Amplification
  : As a small-cap stock, the limit-up effect attracts short-term capital attention, further strengthening stock price momentum [2][4].

• Integration risk after control change; the synergy between AI business and existing textile business is uncertain [3];
• The stock price has risen too much in the short term and may face correction pressure [1][2].

• The new controlling shareholder’s AI technology is expected to empower the company’s supply chain or product innovation [3];
• The continuous advancement of the Belt and Road Initiative is expected to maintain growth in export business [0].

The limit-up trend of Zhen’ai Home Textile (003041) is the result of the combined effects of control change, exceeding performance expectations, and policy dividends. Investors should pay attention to subsequent equity transfer progress, AI integration plans, and export business data to evaluate long-term value [0][3].