Market Performance - The A-share market in Fujian continues to strengthen, with notable stocks including Zhongchuang Environmental Protection hitting a 20% limit up, and Deyi Cultural Creativity rising over 12% [1] - Significant stocks such as Shuhua Sports, Longzhou Co., Xinha Food, and others also experienced limit up movements, with Anji Food achieving a six-day consecutive rise [1] Policy Developments - On December 8, the Xiamen Municipal Committee released suggestions for the 15th Five-Year Plan, aiming to accelerate the establishment of a cross-strait common market [2] - The plan includes optimizing the business environment related to Taiwan, exploring free trade for goods, and enhancing the transportation system between Xiamen and Taiwan [1][2] Stock Highlights - Zhongchuang Environmental Protection (300056) saw a 20.05% increase with a market cap of 3.971 billion, but a year-to-date decline of 22.44% [3] - Deyi Cultural Creativity (300640) increased by 12.42%, with a market cap of 2.814 billion and a year-to-date rise of 60.87% [3] - Anji Food (603696) rose by 9.99%, with a market cap of 5.541 billion and a remarkable year-to-date increase of 189.47% [3]

| 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 300056 | 中创环保 | | 20.05 | 39.71亿 | -22.44 | | 300640 | 德艺文创 | | 12.42 | 28.14亿 | 60.87 | | 300096 | ST易联众 | 1 | 12.10 | 34.66 乙 | 154.26 | | 605299 | 舒华体育 | 1 | 10.04 | 64.17亿 | 103.49 | | 002682 | 龙洲股份 | 4-> | 10.03 | 53.65亿 | 125.53 | | 003016 | 欣贺股份 | | 10.03 | 48.91亿 | 34.45 | | 002229 | 鸿博股份 | | 10.01 | 91.10亿 | 53.13 | | 000905 | 厦门港务 | 1 | 10.00 | 108亿 | 105.07 | | 600693 | 东百集团 | 1 | 9.99 | 107亿 | 78.52 | | 603696 | 安记食品 | ...

Core Viewpoint - The A-share market in Fujian has seen significant gains, particularly in stocks such as Fujian Expressway, Anji Food, and others, following the announcement of new policies aimed at supporting cross-strait integration and development [1] Group 1: Market Performance - Fujian stocks experienced substantial increases, with notable stocks like Fujian Expressway, Anji Food, and Ruineng Technology hitting their upper limits [1] - Stocks such as Jiagong Technology and Zhaobiao Co. also reached a 20% limit up, while others like Haixin Food and Sun Cable saw a 10% increase [1][2] - The year-to-date performance of several stocks is impressive, with Haixia Innovation showing a 534.72% increase and Pingtan Development at 335.89% [2] Group 2: Policy Measures - The Fujian provincial government announced a series of measures to support Taiwanese enterprises, including land and sea use guarantees for Taiwanese businesses [1] - Tax services for Taiwanese individuals and enterprises will be optimized, including the establishment of a smart tax platform and a dedicated tax consultation hotline [1] - Initiatives to promote trade and cultural exchanges with Taiwan include support for Taiwanese cuisine establishments and cultural performances [1]

Core Points - Longzhu Technology (920445) closed at 11.46 yuan on November 26, 2025, down 2.96% from the previous trading day, with a total market capitalization of 1.696 billion yuan [1] - The company announced a cash dividend distribution plan for Q3 2025, approved by the shareholders' meeting, distributing 1.5 yuan per 10 shares, totaling approximately 21.87 million yuan [1] - The record date for the dividend is December 2, 2025, and the ex-dividend date is December 3, 2025 [1] Financial Performance - The stock opened at 11.79 yuan, reached a high of 11.90 yuan, and a low of 11.33 yuan on the same day, with a trading volume of 45.01 million yuan and a turnover rate of 3.7% [1] Dividend Details - The dividend distribution is based on a total of 145,828,119 shares, with differentiated individual income tax policies for personal shareholders and investment funds, while qualified foreign investors will be subject to a 10% withholding tax [1]

Group 1 - Longzhu Technology announced a cash dividend of 1.50 RMB per 10 shares (including tax), with the record date on December 2, 2025, and the ex-dividend date on December 3, 2025 [1] - Hongyuan Co. declared a cash dividend of 1.00 RMB per 10 shares (including tax), with the record date on December 2, 2025, and the ex-dividend date on December 3, 2025 [1] - AVIC Aircraft announced a cash dividend of 0.022 RMB per share (including tax), with the record date on December 3, 2025, and the ex-dividend date on December 4, 2025 [1] Group 2 - Zhongqi Co. declared a cash dividend of 0.38 RMB per 10 shares (including tax), with the record date on December 1, 2025, and the ex-dividend date on December 2, 2025 [2] Group 3 - The Low Volatility Dividend Index (H30269.CSI) selects 50 securities with good liquidity, continuous dividends, moderate payout ratios, positive growth in dividends per share, and low volatility to form its sample [3] - The Low Volatility Dividend ETF (159547) tracks this index with the lowest comprehensive fee [3] - The Dividend Quality Index (931468.CSI) selects 50 listed companies that continuously pay cash dividends, have high payout ratios, and exhibit strong profitability [3] - The Dividend Quality ETF (159758) is the only ETF tracking this index [3]

Market Overview - The home goods sector experienced a decline of 0.4% on November 18, with Longzhu Technology leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Stock Performance - Notable gainers in the home goods sector included: - Huaci Co., Ltd. (Code: 001216) with a closing price of 20.61, up 9.98% and a trading volume of 289,700 shares, totaling 586 million yuan [1] - Yayi Technology (Code: 301113) closed at 26.67, up 3.09% with a trading volume of 27,900 shares, totaling 73.35 million yuan [1] - Hango Group (Code: 001221) closed at 59.44, up 2.48% with a trading volume of 26,900 shares [1] - Major decliners included: - Longzhu Technology (Code: 920445) closed at 12.35, down 7.84% with a trading volume of 112,700 shares, totaling 142 million yuan [2] - Deyi Culture (Code: 300640) closed at 7.58, down 5.49% with a trading volume of 347,800 shares, totaling 266 million yuan [2] - ST Huapeng (Code: 603021) closed at 5.62, down 5.07% with a trading volume of 122,800 shares [2] Capital Flow - The home goods sector saw a net outflow of 407 million yuan from institutional investors, while retail investors contributed a net inflow of 465 million yuan [2] - Detailed capital flow for selected stocks showed: - Hango Group had a net outflow of 15.19 million yuan from institutional investors [3] - Filinger (Code: 603226) experienced a net inflow of 15.04 million yuan from institutional investors [3] - Meike Home (Code: 600337) had a net inflow of 7.90 million yuan from institutional investors [3]

Core Insights - Longzhu Technology (920445) executed a block trade on November 7, with a volume of 156,000 shares and a transaction value of 1.3416 million yuan, at a price of 8.60 yuan, representing a discount of 30.14% compared to the closing price of the day [2] - The buyer was from Industrial Securities Co., Ltd., and the seller was from Bank of China International Securities Co., Ltd. [2] - In the past month, Longzhu Technology has recorded a total of 4 block trades, amounting to 4.3703 million yuan [2] Trading Performance - The closing price of Longzhu Technology on the day of the block trade was 12.31 yuan, reflecting an increase of 0.98%, with a turnover rate of 6.99% and a total transaction amount of 89.915 million yuan [2] - Over the last five days, the stock has experienced a cumulative decline of 11.95% [2] Company Background - Longzhu Technology Group Co., Ltd. was established on April 8, 2010, with a registered capital of 1,469.30025 million yuan [2]

Core Insights - Longzhu Technology, listed on the Beijing Stock Exchange, executed a block trade on November 7, 2025, with a closing price of 12.31 yuan per share [1] - The block trade involved a transaction price of 8.6 yuan per share, with a total volume of 156,000 shares, amounting to 1.3416 million yuan, reflecting a discount of 30.14% [1] Company Summary - The buyer in the transaction was the Shaowu Wuyi Road Securities Branch of Industrial Securities Co., Ltd. [1] - The seller was the Xiamen Hubin North Road Branch of Bank of China International Securities Co., Ltd. [1]

Summary of Key Points Core Viewpoint - The A-share market experienced significant block trading activity on November 6, with a total transaction volume of 2.431 billion yuan, highlighting notable trading in companies such as Zhongwei Company, CATL, and Bull Group [1]. Group 1: Trading Activity - A total of 65 stocks underwent block trading, with transaction amounts reaching 2.431 billion yuan [1]. - The top three companies by transaction volume were Zhongwei Company (321 million yuan), CATL (288 million yuan), and Bull Group (254 million yuan) [1]. - Among the stocks, 7 were traded at par value, 3 at a premium, and 55 at a discount [1]. Group 2: Premium and Discount Rates - The stocks with the highest premium rates were Yuchen Intelligent (18.21%), Beijing Bank (10.37%), and AVIC Chengfei (8.69%) [1]. - The stocks with the highest discount rates included Longzhu Technology (26.25%), Electric Alloy (24.03%), and Youfang Technology (21.97%) [1]. Group 3: Institutional Trading - The top institutional buy amounts were led by Zhongwei Company (299 million yuan), CATL (288 million yuan), and Zhongji Xuchuang (183 million yuan) [2]. - The leading institutional sell amounts were dominated by CATL (288 million yuan), Zijin Mining (217 million yuan), and Zhongji Xuchuang (183 million yuan) [2].

Core Viewpoint - Longzhu Technology (920445) experienced a significant block trade on November 6, with a transaction volume of 100,000 shares and a transaction value of 899,000 yuan, reflecting a discount of 26.25% compared to the closing price of the day [2] Group 1: Block Trade Details - The block trade involved a transaction price of 8.99 yuan per share [2] - The buyer was Huafu Securities Co., Ltd. Nanjing Branch, while the seller was Bank of China International Securities Co., Ltd. Xiamen Hubin North Road Branch [2] - In the past month, Longzhu Technology has recorded a total of three block trades, amounting to 3.0287 million yuan [2] Group 2: Stock Performance - Longzhu Technology's closing price on the day of the block trade was 12.19 yuan, marking a decline of 5.06% [2] - The stock's turnover rate for the day was 11.45%, with a total transaction value of 148 million yuan [2] - Over the past five days, the stock has seen a cumulative decline of 7.65% [2] Group 3: Company Background - Longzhu Technology Group Co., Ltd. was established on April 8, 2010, with a registered capital of 1,469.30025 million yuan [2]