Group 1 - The average return of 11 theme funds on the Beijing Stock Exchange (BSE) reached 52.12% in 2025, indicating a strong performance and potential for diversified investor participation as the two-year fixed-open products become available for subscription and redemption [1][19][20] - The number of public fund institutions investing in BSE stocks increased to 29 by the end of 2024, a year-on-year growth of 31.82%, with the number of heavily invested companies rising from 34 to 41 in the first three quarters of 2025 [11][12] - The BSE's market performance shows a shift towards diversified investment styles, with a focus on emerging industries such as intelligent connected new energy vehicles, commercial aerospace, low-altitude economy, and robotics [1][31] Group 2 - The BSE 50 Index reported a value of 1,387.70 points, with a week-on-week increase of 0.75%, while the BSE specialized and new index reached 2,317.70 points, up 0.79% [2][43] - The TTM PE ratios for various sectors on the BSE include high-end equipment at 38.37X, information technology at 84.54X, and chemical new materials at 42.21X, indicating sector-specific valuation trends [2][33] - The top ten companies by market value held by funds on the BSE as of Q3 2025 include Jinbo Bio, Naconoer, and Better Energy, with significant changes in holdings reflecting market dynamics [22][23][24] Group 3 - The BSE's passive index fund scale has seen significant growth, with the BSE 50 Index fund size reaching 128.93 billion yuan by November 28, 2025, and the number of tracking products increasing to 68 [13][16] - The fund holdings on the BSE show that 59.17% of companies have a market value between 2-5 billion yuan, while 49.17% of companies reported a net profit of less than 50 million yuan in 2024 [27][29] - The industry allocation preferences of funds on the BSE are similar to those on the dual innovation board, with the top five sectors being machinery, hardware equipment, electrical equipment, automotive parts, and software services [31][32]

Summary of Key Points Core Viewpoint - The trading volume and value of stocks on the Beijing Stock Exchange (BSE) experienced a significant decrease, with a total trading volume of 603 million shares and a trading value of 13.525 billion yuan, down by 1.879 billion yuan compared to the previous trading day. Despite this, 58 stocks closed higher, indicating some positive performance among individual stocks [1]. Trading Performance - The total trading volume on the BSE was 603 million shares, with a trading value of 13.525 billion yuan, reflecting a decrease of 1.879 billion yuan from the previous day [1]. - Among the stocks traded, 58 stocks saw an increase in their closing prices, accounting for 20.42% of the total tradable stocks. Notable gainers included Nantong Technology, which surged by 183.03%, and other stocks like Zecheng Electronics and Haomiao Technology, which rose by 9.72% and 7.58%, respectively [1][2]. - Conversely, 220 stocks experienced a decline in their closing prices, with Zhu Laoliu, Dapeng Industrial, and Meideng Technology leading the losses at 7.45%, 6.22%, and 5.99%, respectively [1][2]. Stock Activity - Nantong Technology had a remarkable trading day, with a price increase of 183.03% and a turnover rate of 68.63%, resulting in a trading value of approximately 1.396 billion yuan [2]. - A total of 29 stocks had trading values exceeding 100 million yuan, with Nantong Technology, Dapeng Industrial, and Better Battery leading the pack with trading values of 1.396 billion yuan, 409.12 million yuan, and 277.78 million yuan, respectively [2]. - The trading activity showed that 12 stocks had a turnover rate exceeding 10%, with 2 stocks surpassing 20%. The majority of stocks had turnover rates between 1% and 5% [2]. Notable Stocks - The top-performing stocks included: - Nantong Technology: Closing price of 24.51 yuan, up 183.03%, turnover rate of 68.63%, trading value of 1.396 billion yuan [2]. - Dapeng Industrial: Closing price of 60.33 yuan, down 6.22%, turnover rate of 49.59%, trading value of 409.12 million yuan [2]. - Better Battery: Closing price of 31.30 yuan, up 0.13%, turnover rate of 0.79%, trading value of 277.78 million yuan [2]. Market Trends - The overall market sentiment appears mixed, with a significant number of stocks declining while a few notable stocks, particularly Nantong Technology, showed exceptional performance. This indicates potential volatility and selective investment opportunities within the BSE [1][2].

Summary of Key Points Core Viewpoint - The trading volume on the Beijing Stock Exchange (BSE) reached 633 million shares with a total transaction value of 14.009 billion yuan, reflecting a decrease of 168 million yuan compared to the previous trading day. A total of 61 stocks closed higher, while 218 stocks closed lower [1]. Trading Performance - The stocks with the highest closing price increases included Zhu Laoliu (up 13.18%), Hongxi Technology (up 10.80%), and Kaide Quartz (up 5.27%) [1]. - The stocks with the largest declines were Deer Chemical (down 7.30%), Rongyi Precision (down 6.52%), and Boxun Biology (down 5.98%) [1]. Transaction Details - A total of 39 stocks had transaction values exceeding 100 million yuan, with the highest being Dapeng Industrial (588.12 million yuan), Tietuo Machinery (368.57 million yuan), and Better Ray (290.79 million yuan) [1]. - The trading activity showed that 14 stocks had a turnover rate exceeding 10%, with 4 stocks exceeding 20%. The highest turnover rates were for Dapeng Industrial (69.22%), Tietuo Machinery (29.98%), and Zhu Laoliu (21.64%) [1]. Stock Performance Table - A detailed table lists various stocks, their closing prices, percentage changes, turnover rates, and transaction values, highlighting the performance of individual stocks on the BSE [2][3][4][5][6][7][8][9][10].

Core Insights - The total trading volume on the Beijing Stock Exchange reached 867 million shares with a transaction value of 18.247 billion yuan, marking an increase of 3.048 billion yuan compared to the previous trading day [1] - A total of 22 stocks closed higher, with notable gains from Dapeng Industrial, Chengdian Optical, and Baixinglong, which rose by 1211.11%, 7.69%, and 4.54% respectively [1][2] - Conversely, 260 stocks experienced declines, with Rongyi Precision, Litong Technology, and Bawi Co., Ltd. seeing the largest drops of 14.34%, 13.94%, and 9.45% respectively [1][2] Trading Activity - Dapeng Industrial saw a remarkable increase of 1211.11% in its stock price, with a turnover rate of 98.28% and a transaction value of 587.478 million yuan [2] - A total of 47 stocks had transaction values exceeding 100 million yuan, with Dapeng Industrial, Better Ray, and Qiule Seed Industry leading at 587.478 million yuan, 501.831 million yuan, and 347.499 million yuan respectively [2] - Among the stocks traded, 22 had turnover rates exceeding 10%, with three stocks surpassing 20% [2] Stock Performance Summary - The following table summarizes the performance of key stocks on the Beijing Stock Exchange: | Stock Code | Stock Name | Closing Price (Yuan) | Change (%) | Turnover Rate (%) | Transaction Value (Million Yuan) | |------------|----------------|-----------------------|------------|--------------------|-----------------------------------| | 920091 | Dapeng Industrial | 118.00 | 1211.11 | 98.28 | 587.478 | | 920185 | Better Ray | 31.09 | -7.53 | 1.41 | 500.783 | | 920087 | Qiule Seed Industry | 16.39 | 4.33 | 12.70 | 347.500 | | 920405 | Haixi Communications | 27.63 | 0.99 | 10.74 | 332.384 | | 920809 | Anda Technology | 7.10 | -5.84 | 9.14 | 304.398 | | 920640 | Fujida | 31.48 | -6.84 | 4.61 | 267.248 | | 920160 | Beikang Testing | 26.10 | 1.36 | 39.50 | 264.028 | | 920223 | Rongyi Precision | 22.16 | -14.34 | 13.36 | 249.598 | | 920982 | Jinbo Biology | 220.01 | -4.88 | 2.01 | 248.353 | | 920225 | Litong Technology | 35.20 | -13.94 | 7.93 | 239.040 | | 920522 | Nacornor | 60.00 | -6.34 | 2.91 | 230.296 | | 920252 | Tianhong Lithium | 29.68 | -7.94 | 11.17 | 229.061 | | 920509 | Tonghui Electronics | 37.29 | -1.87 | 7.09 | 228.346 | | 920015 | Jinhua New Materials | 50.68 | -1.30 | 14.28 | 225.031 | | 920493 | Parallel Technology | 134.39 | -5.63 | 3.67 | 208.567 | | 920227 | Meideng Technology | 65.20 | 2.48 | 17.51 | 199.682 | | 920008 | Chengdian Optical | 33.19 | 7.69 | 17.07 | 186.889 | | 920284 | Lingge Technology | 42.50 | -7.59 | 6.29 | 186.716 | | 920299 | Caneng Power | 20.14 | 1.82 | 20.46 | 185.730 | | 920305 | *ST Yunchuang | 12.64 | 3.44 | 17.42 | 182.903 | [2][3]

Market Overview - The A-share market experienced an overall pullback in the third week of November 2025, with the average daily trading amount on the Beijing Stock Exchange (BSE) falling to 214 billion yuan, a decrease of 5.86% from the previous week[1] - The BSE 50 Index declined by 0.56%, which is less than the declines seen in other major indices, indicating relative stability[1] Trading Activity - The average daily trading volume on the BSE was 213.92 billion yuan, with a turnover rate of 22.52%[1][8] - The BSE's trading volume accounted for 1.05% of the total market, reflecting a further decrease in trading activity compared to the previous week[11] Sector Performance - Among the 24 sectors on the BSE, 13 sectors had a positive median return, with the utilities sector leading at a median increase of 4.54%[18] - The automotive sector had the largest median decline at -2.22%[18] Valuation Insights - The computer sector had the highest trailing twelve months (TTM) price-to-earnings (P/E) ratio at 141.58 times, followed by the communication sector at 129.85 times, while the construction and decoration sector had a relatively low P/E ratio of 28.08 times[18] New Listings and IPOs - During the week, there was one IPO on the BSE, with no new stocks listed[36] Risks - There is a noted risk of further pullback in BSE stock performance, particularly following the historical high of the BSE 50 Index on September 8, 2025[38]

证券代码：920185 证券简称：贝特瑞 公告编号：2025-093 贝特瑞新材料集团股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 投资者关系活动类别 □特定对象调研 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 11 月 19 日 活动地点：通过中证网"中证路演中心"（https://www.cs.com.cn/roadshow/） 采用网络远程的方式召开业绩说明会。 参会单位及人员：通过网络方式参加本次说明会的投资者。 上市公司接待人员： 董事长：贺雪琴先生 常务副董事长、总经理：黄友元先生 财务总监：刘志文先生 董事会秘书：张晓峰先生 三、 投资者关系活动主要内容 （一）公司 2025 年第三季度经营实现情况 3、请介绍一下公司固态电池电解质的进展情况。 回复：贝特瑞从十年前就开始布局固态电池的核心材料方向，包括半固态和 全固态均有完善的技术布局，其中公司布局的固态 ...

贝特瑞新材料集团股份有限公司章程 贝特瑞新材料集团股份有限公司 章 程 二〇二五年十一月 - 1 - | 第一章 | 总则 | - 4 - | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | - 5 - | | 第三章 | 股份 | - 5 - | | 第一节 | 股份发行 | - 5 - | | 第二节 | 股份增减和回购 | - 6 - | | 第三节 | 股份转让 | - 7 - | | 第四章 | 股东和股东会 | - 8 - | | 第一节 | 股东 | - 8 - | | 第二节 | 关于控股股东及实际控制人 - | 11 - | | 第三节 | 股东会的一般规定 - | 12 - | | 第四节 | 股东会的召集 - | 17 - | | 第五节 | 股东会的提案与通知 - | 19 - | | 第六节 | 股东会的召开 - | 20 - | | 第七节 | 股东会的表决和决议 - | 23 - | | 第五章 | 董事会 - | 27 - | | 第一节 | 董事 - | 27 - | | 第二节 | 董事会 - | 31 - | | 第三节 | 独立董事 - | ...

证券代码：920185 证券简称：贝特瑞 公告编号：2025-091 贝特瑞新材料集团股份有限公司 2025 年第一次临时股东会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 5.会议主持人：董事长贺雪琴 （一）会议召开情况 1.会议召开时间：2025 年 11 月 17 日 4.会议召集人：董事会 2.会议召开地点：广东省深圳市光明区凤凰街道光源四路贝特瑞新能源科技 大厦会议室 3.会议召开方式：现场投票和网络投票相结合 6.召开情况合法合规的说明： 本次股东会的召集、召开、议案审议程序等方面符合有关法律、行政法规、 部门规章、规范性文件和《公司章程》的规定。 （二）会议出席情况 出席和授权出席本次股东会的股东共 19 人，持有表决权的股份总数 840,944,197 股，占公司有表决权股份总数的 75.2146%。 同意股数 840,943,747 股，占本次股东会有表决权股份总数的 99.9999%；反 对股数 450 股，占本次股东会有表决权股份总数的 0.00 ...

http://www.fangdalaw.com FANGDA PARTNERS 中国深圳市福田区中心四路 1 号 电子邮件 E-mail: email@fangdalaw.com 嘉里建设广场 T1 座 9 楼 电 话 Tel.: 86-755-8159-3999 邮政编码：518048 传 真 Fax: 86-755-8159-3900 9/F, Tower One, Kerry Plaza 1 Zhong Xin Si Road Futian District Shenzhen 518048, China 上海市方达（深圳）律师事务所 关于贝特瑞新材料集团股份有限公司 2025 第一次临时股东会的 法律意见书 致：贝特瑞新材料集团股份有限公司 上海市方达（深圳）律师事务所（以下简称"本所"）是具有中华人民共和国 境内法律执业资格的律师事务所。根据相关法律顾问协议，本所指派律师出席贝 特瑞新材料集团股份有限公司（以下简称"公司"）2025 年第一次临时股东会（以 下简称"本次股东会"），并就本次股东会的召集和召开程序、参与表决和召集会 议人员的资格、表决程序和表决结果等有关事宜出具本法律意见书。 本法律意 ...

Core Viewpoint - The trading volume and turnover of stocks on the Beijing Stock Exchange (BSE) showed a decrease, with a total trading volume of 893 million shares and a turnover of 20.11 billion yuan, down by 245 million yuan from the previous trading day. Despite this, 32 stocks closed higher, indicating some positive movement in the market [1]. Trading Performance - On November 18, the BSE saw a total trading volume of 893 million shares and a turnover of 20.11 billion yuan, which is a decrease of 245 million yuan compared to the previous trading day [1]. - Among the stocks traded, 32 stocks closed higher, accounting for 11.35% of the total tradable stocks. The top gainers included Beikang Detection, Meideng Technology, and Bawei Co., with increases of 295.52%, 22.82%, and 7.98% respectively [1][2]. - Conversely, 248 stocks closed lower, with the largest declines seen in Lingge Technology, Luqiao Information, and Jinhua New Materials, which fell by 9.79%, 9.51%, and 9.04% respectively [1]. Stock Activity - Beikang Detection, which was newly listed, experienced a significant increase of 295.52% with a turnover rate of 88.46%, and a total transaction amount of 660.38 million yuan [2]. - A total of 51 stocks had a turnover exceeding 100 million yuan, with the highest turnover stocks being Better Energy, Beikang Detection, and Andako Technology, with respective turnovers of 776 million yuan, 660 million yuan, and 594 million yuan [2]. - The trading activity was characterized by 23 stocks having a turnover rate exceeding 10%, with 4 stocks exceeding 20%. The stocks with the highest turnover rates included Beikang Detection, Meideng Technology, and Danna Biology, with rates of 88.46%, 35.98%, and 26.88% respectively [2].