南财智讯11月4日电，华泰股份公告，公司股票于2025年10月31日、11月3日、11月4日连续三个交易日 内收盘价格涨幅偏离值累计达到20%，根据《上海证券交易所交易规则》的有关规定，属于股票交易异 常波动的情形。经公司自查及向控股股东、实际控制人核实，截至本公告披露日，公司不存在应披露而 未披露的重大事项。公司主营业务为制浆、造纸及化工产品生产销售，目前生产经营稳定，现金流充 裕，资产负债率处于行业较低水平，内外部经营环境未发生重大变化。经核查，公司及控股股东不存在 涉及公司的重大资产重组、股份发行、重大交易类事项、业务重组、股份回购、股权激励、破产重整、 重大业务合作、引进战略投资者等应披露而未披露的信息。公司未发现需要澄清或回应的媒体报道或市 场传闻，亦未发现其他可能对公司股价造成较大影响的重大事件。股票异常波动期间，未发现公司控股 股东及董事、高级管理人员买卖公司股票的行为。公司提醒投资者关注市场交易风险、生产经营风险及 行业风险，理性决策，审慎投资。 ...

Core Insights - The A-share market has seen a strong performance in aromatic amine concept stocks, with Huatai Co., Ltd. (600308) hitting the daily limit for the second consecutive day and Baihehua (603823) achieving a three-day consecutive rise [1] Group 1: Research Breakthrough - A research team led by Zhang Xiaoheng from the University of Science and Technology of China has made significant advancements in aromatic amine research, which has garnered global attention from peers and the industry [1] - The team developed a "direct deamination" strategy over three years, utilizing a "molecular editing technique" that allows for the one-click modification of aromatic amine structures, mitigating explosion risks and addressing the challenge of copper-containing wastewater [1] Group 2: Economic Impact - The new method enables kilogram-level synthesis using low-cost, common reagents, potentially reducing the cost of certain pharmaceutical intermediates by 40% to 50% and promoting large-scale green production [1]

Market Performance - The paper sector increased by 1.64% on November 3, with Huatai Co. leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Individual Stock Performance - Huatai Co. (600308) closed at 4.09, up 9.95% with a trading volume of 671,300 shares and a turnover of 264 million yuan [1] - Qingshan Paper (600103) closed at 3.79, up 5.87% with a trading volume of 3,378,700 shares and a turnover of 1.279 billion yuan [1] - Other notable performers include Banwang Technology (605377) up 3.29%, Zhixing Paper (002067) up 3.19%, and Bohui Paper (600966) up 3.01% [1] Capital Flow Analysis - The paper sector saw a net inflow of 146 million yuan from institutional investors, while retail investors experienced a net outflow of 130 million yuan [2] - The main capital inflow was observed in Qingshan Paper with 81.69 million yuan, while Huatai Co. had a net outflow of 28.39 million yuan from retail investors [3] Summary of Trading Data - The trading data for various stocks in the paper sector indicates a mix of performance, with some stocks experiencing significant gains while others faced declines [2][3] - The overall trading volume and turnover reflect active participation in the paper sector, highlighting investor interest [1][2]

Group 1 - Huatai Co. experienced a sharp increase, hitting the daily limit up [1] - Qingshan Paper Industry rose over 6% [1] - Other companies such as Jingxing Paper, Yibin Paper, Wuzhou Special Paper, Huawang Technology, and Kain Co. also saw gains [1]

Core Points - The Shanghai Composite Index closed at 3956.72 points, slightly below the five-day moving average, with a change of 0.05% [1] - The total trading volume of A-shares reached 1,398.50 billion yuan [1] - A total of 737 A-shares have prices that surpassed the five-day moving average, indicating market activity [1] Summary of Stocks with Significant Deviation from the Five-Day Moving Average - Baose shares (300402) had the highest deviation at 14.65%, with a price increase of 19.99% and a turnover rate of 3.61% [2] - Guorui Technology (300600) followed with a deviation of 8.16%, a price increase of 12.10%, and a turnover rate of 12.34% [2] - Guoji General (600444) recorded a deviation of 7.91%, with a price increase of 10.02% and a turnover rate of 7.80% [2] - Other notable stocks include Intercontinental Oil & Gas (600759) with a 7.85% deviation and Donghua Technology (002140) with a 7.27% deviation [2] - The table lists various stocks with their respective price changes, turnover rates, five-day moving averages, latest prices, and deviation percentages [2]

Core Viewpoint - The report highlights the growth and export potential of China's paper and paper products industry, with a focus on recent statistics and future projections [1] Industry Summary - As of September 2025, the export value of China's paper and paper products industry reached 7 billion yuan, reflecting a year-on-year increase of 0.1% [1] - Cumulatively, from January to September 2025, the total export value amounted to 59.49 billion yuan, showing a year-on-year growth of 2.2% [1] - The report provides a comprehensive analysis of the development patterns and market operation potential of the paper industry from 2026 to 2032 [1] Company Summary - The report mentions several listed companies in the paper industry, including Chenming Paper (000488), Kane Co. (002012), Jingxing Paper (002067), and others, indicating a broad spectrum of players in the market [1] - The analysis is supported by data from the National Bureau of Statistics and insights from Zhiyan Consulting, a leading industry consulting firm in China [1]

Core Points - The Shanghai Composite Index is currently at 3945.20 points, below the five-day moving average, with a decline of 0.24% [1] - The total trading volume of A-shares today is 1056.05 billion yuan, with 632 A-shares breaking through the five-day moving average [1] Summary by Category Stock Performance - The top three stocks with the highest deviation rates from the five-day moving average are: - Baose Co., Ltd. (300402) with a deviation rate of 14.65% and a daily increase of 19.99% [2] - Guorui Technology (300600) with a deviation rate of 8.79% and a daily increase of 12.93% [2] - Guoji General (600444) with a deviation rate of 7.91% and a daily increase of 10.02% [2] Trading Activity - The trading turnover rates for the top three stocks are: - Baose Co., Ltd. (300402) at 3.43% [2] - Guorui Technology (300600) at 11.24% [2] - Guoji General (600444) at 7.70% [2] Additional Notable Stocks - Other notable stocks with significant performance include: - Intercontinental Oil & Gas (600759) with a daily increase of 10.13% and a deviation rate of 7.85% [2] - Hopson Holdings (301024) with a daily increase of 8.87% and a deviation rate of 7.29% [2] - Huatai Co., Ltd. (600308) with a daily increase of 9.95% and a deviation rate of 7.07% [2]

Group 1 - The paper industry experienced a significant rally on November 3, with Huatai Co. hitting the daily limit up, indicating strong investor interest [1] - Qingshan Paper surged over 6%, reflecting positive market sentiment towards the sector [1] - Other companies in the paper industry, including Jingxing Paper, Yibin Paper, Wuzhou Special Paper, and Huawang Technology, also saw their stock prices increase, suggesting a broader trend in the market [1]

Core Viewpoint - Huatai Co., Ltd. (600308.SH) reported its Q3 2025 results, indicating a significant institutional ownership structure and slight changes in holdings compared to the previous quarter [1] Group 1: Institutional Ownership - As of October 30, 2025, three institutional investors disclosed holdings in Huatai Co., Ltd., totaling 620 million shares, which represents 40.88% of the company's total share capital [1] - The institutional investors include Huatai Group Co., Ltd., Hong Kong Central Clearing Limited, and Baring Capital Limited - Baring Emerging Markets Small Companies Fund (USA) [1] - Compared to the previous quarter, the total institutional ownership percentage decreased by 0.04 percentage points [1] Group 2: Public Fund Holdings - In this reporting period, 17 public funds were not disclosed compared to the previous quarter, including notable funds such as Invesco Great Wall CSI 300 Index Enhanced A, China Merchants Quality Life Mixed A, and Huatai-PineBridge SSE Composite Index A [1]

Core Viewpoint - The company, Shandong Huatai Paper Co., Ltd., has announced its third-quarter report for 2025, highlighting its financial performance and strategic investments in the chemical new materials sector through a joint venture with Huayou Holdings Group Co., Ltd. [8][12] Financial Data Summary - The third-quarter report for 2025 has been approved by the board of directors, confirming the authenticity and completeness of the financial information [2][9] - The financial statements for the period from January to September 2025 are unaudited, with no significant changes reported in major accounting data and financial indicators [3][6] Investment Overview - The company plans to establish a joint venture named Guangxi Huatai Huayou Chemical New Materials Co., Ltd., with a registered capital of RMB 669 million, where Huatai Chemical will contribute RMB 341.19 million (51%) and Huayou Holdings will contribute RMB 327.81 million (49%) [12][14] - The joint venture aims to leverage Huatai Chemical's technical and operational advantages in the chlor-alkali and fine chemical sectors, alongside Huayou's resource advantages, to expand into high-performance chemical new materials [14][37] Approval and Governance - The investment has been approved by the company's board and does not require shareholder meeting approval [12][14] - The joint venture will operate independently, with a governance structure that includes a board of directors composed of members nominated by both parties [30][32] Market Impact - The investment is expected to enhance the company's competitiveness and profitability by tapping into the growing demand for chlor-alkali products in the Guangxi region, which is strategically located near Southeast Asian markets [37] - The joint venture is anticipated to have no immediate adverse impact on the company's cash flow, with potential long-term benefits if it achieves stable profitability [37]