2025.09.16 本文字数：1130，阅读时长大约2分钟 截至2025年7月，盈信公司对金石成长股权投资（杭州）合伙企业（有限合伙）认缴出资3亿元，实缴出资1.8亿元。截至8月25日，盈信公司持有基金的认 缴份额比例约为6.51%，该基金持有宇树科技4.7683%股权。 作者 |第一财经孙梦凡 一家业绩亏损的上市房企，成为资本市场的热门股票。 按此计算，首开旗下子公司间接持有宇树科技的股权比例约为0.3%。"盈信公司对基金的投资仅为财务性投资，对基金决策运作无控制力和影响力。" 9月16日，首开股份（600376.SH）发布公告称，自9月3日至9月12日，公司股票收盘价格涨幅偏离值累计达100%，触及股票交易严重异常波动情形。根据 《上海证券交易所交易规则》有关规定，属于股票交易异常波动情形。 从盘面具体数据看，首开股份近10个交易日连收9个涨停板，累计涨幅达152.65%。截至9月16日收盘，公司股价报6.67元/股，总市值172.06亿元。 从公司基本面看，首开股份主营业务未发生重大变化，目前仍处于亏损状态，2025年上半年营业收入180.39亿元，归属于上市公司股东的净利润-18.39亿 元。 首开 ...

Core Viewpoint - The stock of Shoukai Co., Ltd. (600376.SH), a loss-making real estate company, has become a hot topic in the capital market, with its stock price experiencing significant fluctuations despite its poor financial performance [3][5]. Summary by Sections Stock Performance - From September 3 to September 12, Shoukai's stock price increased by 100%, leading to its inclusion in the abnormal trading list by the Shanghai Stock Exchange [3]. - Over the last 10 trading days, Shoukai's stock has hit the daily limit up 9 times, with a cumulative increase of 152.65%. As of September 16, the stock closed at 6.67 yuan per share, with a total market capitalization of 17.206 billion yuan [3]. Financial Status - Shoukai's main business has not undergone significant changes, and it remains in a loss-making state, reporting a revenue of 18.039 billion yuan and a net profit attributable to shareholders of -1.839 billion yuan for the first half of 2025 [3][4]. Potential Influencing Factors - The only potential factor affecting Shoukai's stock price is its indirect stake in a robotics company, Yushu Technology, through its subsidiary, which holds a 62.74% stake in a fund that owns approximately 0.3% of Yushu Technology [5]. - The stock price surge is attributed to three main factors: the scarcity of A-share companies directly invested in Yushu Technology, Shoukai's long-term undervaluation relative to its net assets, and the overall activity in the robotics sector, especially with Yushu Technology's upcoming IPO [5]. Market Activity - Recent trading activity has shown a significant increase in trading volume, turnover rate, and the number of shareholders, with some institutional shareholders reducing their holdings. This rapid price increase may lead to a potential decline in the stock price [6].

Group 1 - The A-share market experienced a positive trend on Tuesday, with the ChiNext index initially dropping over 1% but later recovering, indicating a mixed performance among indices [2] - The total trading volume reached 2.34 trillion yuan, an increase of 640 billion yuan compared to the previous trading day, with a net outflow of 44.9 billion yuan from domestic capital [2] - Over 3,600 stocks in the market rose, reflecting a significant improvement in market sentiment, with the robotics sector leading the gains [2] Group 2 - The market's movements were primarily driven by low-priced stocks, which triggered corresponding sectoral impulses rather than rapid rotation among sectors [3] - Notable stocks such as Shouke Co. and others in the robotics sector saw substantial gains, with over 20 stocks hitting the daily limit [2][3] - The technology sector, particularly in AI hardware, semiconductor, and computing power, is also showing a strong upward trend, indicating a dual focus of market capital [3]

9月16日晚间，首开股份（600376）公告称，公司股票自9月3日至9月12日期间，收盘价格涨幅偏离值累 计达到100%，触及股票交易严重异常波动情形，公司已于2025年9月13日发布《关于股票交易异常波动 暨严重异常波动的公告》。9月15日和9月16日，公司股票连续两个交易日内日收盘价格涨幅偏离值累计 达20%，根据《上海证券交易所交易规则》有关规定，属于股票交易异常波动情形。根据《上海证券交 易所股票上市规则》，上市公司若出现股票交易重大异常情形，可对公司股票及其衍生品种实施停牌， 并要求公司进行核查，待公司披露相关公告后复牌。首开股份表示，近期公司股票交易呈现出交易量明 显增长、换手率大幅提升、股东人数显著增长、个别机构股东出现减持清仓等情况，股价存在短期上涨 过快可能出现的下跌风险。经公司自查并向控股股东及实际控制人发函查证，截至本公告披露日，确认 不存在应披露而未披露的重大事项或重要信息。 ...

Market Performance - On September 16, the market showed a strong upward trend with small and medium-sized stocks performing well [1] - The sectors that led the gains included robotics, internet e-commerce, and logistics, while sectors such as pork, non-ferrous metals, and film and television showed declines [1] - Over 3,500 stocks rose in the market, with a total trading volume of 2.34 trillion yuan, an increase of 64 billion yuan compared to the previous trading day [1] Fund Performance Daily Gain Leaders - The top-performing fund was 德邦局端表备A with a daily net value growth rate of 8.71%, a weekly return of 11.83%, and a year-to-date return of 26.64% [2] - 方正富邦远见成长A followed closely with a daily growth of 8.66% and a year-to-date return of 60.4% [2] - 中航趋势领航A achieved a remarkable year-to-date return of 94.76% with a daily growth of 8.52% [2] Daily Loss Leaders - The fund 中航混改精选A experienced the largest decline with a daily net value decrease of 2.41% and a year-to-date return of only 0.25% [3] - 银华农业产业A also saw a significant drop of 2.32% in daily net value, with a year-to-date return of 13.47% [3] - 长城大健康A reported a daily decline of 1.77% but maintained a strong year-to-date return of 70.51% [3] Bond Fund Performance Daily Gain Leaders - The bond fund 金鹰年年邮益 - 年持有A led with a daily net value growth of 1.16% and a year-to-date return of 11.67% [4] - 华商双算A followed with a daily increase of 1.03% and a year-to-date return of 44.41% [4] - 金鹰民丰回报 achieved a daily growth of 1.01% with a year-to-date return of 21.72% [4] Daily Loss Leaders - The bond fund 博时浦惠一年持有A reported a daily decline of 0.71% with a year-to-date return of 23.11% [4] - 博时信用债券A experienced a decrease of 0.56% in daily net value, with a year-to-date return of 14.3% [4] - 前海开源可转债A saw a daily drop of 0.5% but maintained a year-to-date return of 15.29% [4] Company Specific News - 首开股份 announced that its stock price had deviated significantly, with a cumulative increase of 100% from September 3 to September 12, triggering a review process according to stock exchange regulations [5] - The company’s stock experienced a further cumulative increase of 20% over two consecutive trading days, leading to potential trading suspension and required disclosures [5]

Core Viewpoint - The stock of Beijing Shouke Co., Ltd. (首开股份) has experienced significant volatility, with a cumulative increase of 152.65% over ten trading days, prompting multiple risk warnings from the company and other stocks with similar trading patterns [3][4][6]. Summary by Sections Company Specifics - Beijing Shouke Co., Ltd. issued a risk warning on September 16, following a period where its stock price increased significantly, with a cumulative rise of 100% from September 3 to September 12 [3]. - The company reported a net loss of 1.839 billion yuan in the first half of 2025 [4]. - The stock's recent performance may be linked to market speculation regarding its minor stake in Yushu Technology, which is only about 0.3% [5]. Market Context - The stock market has seen a trend of multiple stocks, including Shouke, experiencing abnormal trading fluctuations, with several companies issuing similar risk warnings on September 16 [2][6]. - For instance, Huajian Group's stock rose by 48.70% over five trading days, significantly outpacing its industry peers, leading to concerns about market overheating and irrational speculation [6]. - Luokai Co., Ltd. also reported a rolling P/E ratio of 29.20, exceeding the industry average of 23.74, indicating potential overvaluation and speculative trading [8]. Trading Activity - Shouke's stock has hit the daily limit up for ten consecutive trading days, marking it as the best-performing stock in the A-share market during this period [4]. - Other companies, such as Huajian Group and Luokai Co., have also experienced consecutive trading days of limit-up, indicating a broader trend of speculative trading in the market [6][8].

Core Viewpoint - The stock of Shoukai Co., Ltd. (首开股份) has experienced significant volatility, prompting the company to issue a risk warning due to abnormal trading fluctuations and a substantial increase in stock price over a short period [2][3][4]. Summary by Sections Company Performance - Shoukai Co., Ltd. has seen its stock price increase by 152.65% over a 10-day period from September 3 to September 12, 2025, making it the best-performing stock in the A-share market during that time [4]. - The company reported a net loss of 1.839 billion yuan for the first half of 2025 [4]. Trading Activity - The stock's closing price has deviated by a cumulative 100% from its previous levels, triggering a warning about severe trading anomalies [3]. - The trading volume and turnover rate have significantly increased, with a notable rise in the number of shareholders and some institutional shareholders reducing their holdings [3][4]. Risk Warnings - Shoukai Co., Ltd. has issued a notice to investors regarding the potential risks associated with the rapid increase in stock price, advising caution in trading decisions [4]. - Other companies, such as Huajian Group and Luokai Co., have also issued similar warnings about abnormal trading fluctuations, indicating a broader trend of volatility in the market [6][9]. Market Context - The strong performance of Shoukai Co., Ltd. may be linked to market speculation regarding its stake in Yushu Technology, although the actual ownership is minimal at approximately 0.3% [5]. - The overall market sentiment appears to be characterized by irrational speculation, as evidenced by the significant price increases in multiple stocks without corresponding changes in their fundamentals [7][9].

公告显示，首开股份的控股子公司北京首开盈信投资管理有限公司（简称"盈信公司"），间接持有杭州 宇树科技股份有限公司（简称"宇树科技"）股权，盈信公司为首开持股比例为62.74%的控股子公司。 截至2025年7月，盈信公司对金石成长股权投资（杭州）合伙企业（有限合伙）认缴出资3亿元，实缴出 资1.8亿元。截至8月25日，盈信公司持有基金的认缴份额比例约为6.51%，该基金持有宇树科技4.7683% 股权。 一家业绩亏损的上市房企，成为资本市场的热门股票。 9月16日，首开股份（600376.SH）发布公告称，自9月3日至9月12日，公司股票收盘价格涨幅偏离值累 计达100%，触及股票交易严重异常波动情形。根据《上海证券交易所交易规则》有关规定，属于股票 交易异常波动情形。 根据上海证券交易所披露，首开股份还被纳入了异动股票名单，开始日期为2025年9月15日，结束日期 为2025年9月26日，类型为"严重异动"，指股票价格在短期内出现大幅波动，偏离其基本面或市场整体 走势。 从盘面具体数据看，首开股份近10个交易日连收9个涨停板，累计涨幅达152.65%。截至9月16日收盘， 公司股价报6.67元/股，总市值1 ...

Group 1 - The core point of the article is that Shoukai Co., Ltd. (首开股份) has issued a risk warning due to significant stock price fluctuations, with a cumulative increase of 152.65% over 10 trading days, making it the highest-gaining stock in the A-share market during that period [3][4]. - The company reported that from September 3 to September 12, 2025, its stock price had a cumulative deviation of 100%, triggering a warning for abnormal trading [3]. - Shoukai Co., Ltd. confirmed that there are no undisclosed significant matters or important information as of the announcement date [3]. Group 2 - Other companies, such as Huajian Group (华建集团) and Luokai Co., Ltd. (洛凯股份), also issued announcements regarding abnormal stock trading, indicating a trend of rising stock prices and potential risks [6][8]. - Huajian Group's stock price increased by 48.70% over five trading days, significantly higher than its industry peers, raising concerns about market sentiment and irrational speculation [6]. - Luokai Co., Ltd. reported a rolling price-to-earnings ratio of 29.20, which exceeds the industry average of 23.74, suggesting potential irrational trading behavior [8].

Core Viewpoint - The article highlights the recent stock price volatility of Shoukai Co., which has experienced significant price increases and has issued multiple risk warnings due to abnormal trading conditions [3][4][6]. Group 1: Shoukai Co. Stock Performance - Shoukai Co. has seen its stock price increase by 152.65% over a span of 10 trading days, making it the best-performing stock in the A-share market during that period [6]. - The stock has hit the daily price limit for 10 consecutive trading days, with a cumulative price deviation of 100% from September 3 to September 12 [4][6]. - On September 15 and 16, the stock's closing price deviation reached an additional 20%, triggering a warning under the Shanghai Stock Exchange rules [4]. Group 2: Risk Warnings and Market Conditions - Shoukai Co. has issued a risk warning due to the rapid increase in trading volume, turnover rate, and the number of shareholders, indicating potential for a price correction [4][6]. - The company confirmed that there are no undisclosed significant matters or important information as of the announcement date [5]. - The stock's recent performance may be linked to market speculation regarding its indirect stake in Yushu Technology, although the holding is minimal at approximately 0.3% [7]. Group 3: Other Stocks with Abnormal Trading - Several other stocks, including Huajian Group and Luokai Co., have also issued risk warnings due to abnormal trading patterns, with Huajian Group's stock rising by 48.70% over five trading days [9][10]. - Huajian Group's current rolling P/E ratio is 53.74, significantly higher than the industry average of 30.25, indicating potential overvaluation [10]. - Luokai Co. has also reported a high rolling P/E ratio of 29.20, above the industry average of 23.74, suggesting similar risks of irrational trading [11].