证券代码：601566 证券简称：九牧王 公告编号：临 2025-035 九牧王股份有限公司 关于股票交易严重异常波动暨风险提示公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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责任。 重要内容提示： 1 / 3 九牧王股份有限公司（以下简称"公司"）股票连续 10 个交易日内收盘 价格涨幅偏离累计超过 100%，根据上海证券交易所的有关规定，属于股 票交易严重异常波动情形。 股价短期内连续上涨，随时存在快速下跌风险。2025 年 11 月 12 日至 2025 年 11 月 20 日，公司股票连续 7 个交易日以涨停价收盘，累计涨幅 达 100.8%，公司所处纺织服装行业同期累计涨幅 1.8%，上证指数同期 累计涨幅-1.8%，公司股价短期上涨幅度显著高于所处行业及上证指数 涨幅，且显著偏离公司基本面。公司股票短期内连续上涨，存在市场情 绪过热、非理性炒作风险，随时存在快速下跌风险。 市盈率显著高于行业平均水平，当前股价存在明显泡沫化特征。截至 2025 年 11 月 19 日，公司扣非后的市盈率为 57.73 倍，所处行 ...

九牧王公告，公司股票连续10个交易日内收盘价格涨幅偏离累计超过100%，属于股票交易严重异常波 动情形。2025年11月12日至2025年11月20日，公司股票连续7个交易日以涨停价收盘，累计涨幅达 100.8%。公司2025年1-9月营业收入6.33亿元，较上年同期下降6.02%；归属于上市公司股东的扣除非经 营性损益的净利润-2433.96万元，较上年同期下降17.38%。 ...

Market Overview - The three major A-share indices experienced a pullback today, with the Shanghai Composite Index down 0.4%, the Shenzhen Component down 0.76%, and the ChiNext Index down 1.12% [1] Individual Stocks - China Fortune Land Development (合富中国) resumed trading after a three-day suspension and was heavily favored by investors, hitting the daily limit with a closing price of 26.18 CNY per share and a total market capitalization of 10.42 billion CNY. The stock has seen 13 limit-ups in the last 15 trading days, with a cumulative increase of 291.92% [2] - Jiumuwang (九牧王) exhibited a volatile trading pattern, achieving a "7 consecutive limit-up" performance, closing at 18.41 CNY per share with a total market capitalization of 10.58 billion CNY and a trading volume of 1.655 billion CNY [8] Sector Performance - The computing power sector showed active performance in the afternoon, with notable stocks like Zhongfu Electric (中富电路) hitting the daily limit and Tengjing Technology (腾景科技) rising over 10% to reach a new historical high. The Huawei Euler concept sector also saw a surge, with *ST Dongtong (东通) achieving two consecutive limit-ups and Qingyun Technology rising over 10% [3][7] Industry Insights - Nvidia reported record revenue of 57 billion USD for the third quarter ending October 26, 2025, a 62% year-over-year increase, exceeding analyst expectations. The net profit reached 31.9 billion USD, a 65% increase year-over-year [7] - Huawai announced an upcoming forum focused on AI container applications, aiming to enhance computing resource utilization efficiency [7] - Research from Zhongtai Securities indicates that AI computing power is becoming a major growth engine in the telecommunications industry, with a focus on the supply chain of optical modules and related components [7] - Changjiang Securities highlighted the rapid expansion of AI-driven computing infrastructure and the increasing capital expenditure directed towards intelligent computing centers, indicating a strong growth outlook for the industry [7]

Market Overview - A-shares opened high but closed lower, with the ChiNext Index and STAR 50 Index both dropping over 1% [2] - The Shanghai Composite Index fell by 0.4% to 3931.05 points, while the Shenzhen Component Index decreased by 0.76% to 12980.82 points [2] - Total trading volume in the Shanghai, Shenzhen, and Beijing markets was 17.227 billion yuan, a decrease of approximately 20 billion yuan from the previous day [2] Sector Performance - Over 3800 stocks declined, with resource stocks such as oil, coal, and chemicals falling [2] - Consumer sectors including tourism, catering, food and beverage, and retail experienced collective declines [2] - The banking sector saw a resurgence, with China Bank rising by 4%, reaching a historical high [4] Notable Stocks - China Bank's stock price has risen significantly over the past two days, attributed to overall banking sector trends and stable operational data from its Q3 report [4] - The stock of Jiumuwang exhibited significant volatility, hitting a limit up before quickly dropping and then rebounding, closing at a limit up [6] - Hefa China, which resumed trading, also hit a limit up, with a cumulative increase of approximately 292% over the past 15 trading days [8] Investment Insights - Guosen Securities suggests that the recent rise in the banking sector is driven by a shift in market investment style, with mid-term dividends acting as a catalyst [5] - The banking sector is expected to present good investment opportunities, as the fundamental bottom expectations are clear, supporting the continuation of the sector's performance [5] - Jiumuwang and Hefa China's recent stock price movements indicate potential risks due to market sentiment and operational performance discrepancies [7][8]

Market Overview - A-shares opened high but fell sharply towards the end of the trading session, with the ChiNext and Sci-Tech 50 indices dropping over 1% [1][2] - The Shanghai Composite Index closed down 0.4% at 3931.05 points, while the Shenzhen Component Index fell 0.76% to 12980.82 points [2] - Total trading volume in the Shanghai, Shenzhen, and Beijing markets was 172.27 billion yuan, a decrease of approximately 20 billion yuan from the previous day [2] Banking Sector Performance - The banking sector showed strong performance, with China Bank rising 4% to reach a historical high, and other banks like Construction Bank and Postal Savings Bank increasing over 3% [3][4] - The rise in China Bank's stock price is attributed to the overall upward trend in the banking sector and stable operational data from its Q3 report [4] - Guosen Securities noted that the recent rally in the banking sector is driven by a shift in market investment style, with mid-term dividends acting as a catalyst [5] Notable Stock Movements - Jiuzhou King experienced significant volatility, initially hitting the daily limit before a rapid decline, ultimately closing at a limit-up price of 18.41 yuan per share with a trading volume of 1.66 billion yuan [6][7] - The company warned of potential risks associated with market sentiment and high speculation, reporting a revenue decline of 6.02% year-on-year for the first nine months of 2025 [10] - Hefo China, which resumed trading, also hit the daily limit, closing at 26.18 yuan per share, with a cumulative increase of approximately 292% over the past 15 trading days [11][12]

Market Overview - The market opened high but closed lower, with the ChiNext index dropping over 1% by the end of the day. Bank stocks continued to perform strongly, with China Bank and Industrial and Commercial Bank reaching new highs. The Hainan sector was active, with Hainan Haiyao hitting the daily limit. Lithium mining stocks remained strong, with Dawi Co. also hitting the limit. In contrast, consumer stocks fell collectively, with Liren Liyang hitting the limit down and Guolian Aquatic dropping over 10%. A total of nearly 3,800 stocks declined across the Shanghai, Shenzhen, and Beijing markets, with a trading volume of 1.72 trillion yuan [1]. Hot Topics Free Trade Zone in Fujian - The Fujian Free Trade Zone was active again today, with HeFu China resuming trading and hitting the limit up, Jiuzhou Wang achieving a seven-day limit up streak, and Rongji Software and Yingli Auto also hitting the limit up [3]. Real Estate Sector - The real estate sector showed unusual activity, with Caixin Development and Haolaike hitting the limit up, New Town Holdings rising by 7%, and I Love My Home also hitting the limit up. Reports indicate that on November 19, the Housing and Urban-Rural Development Bureau of Foshan, Guangdong Province, along with seven other departments, issued a notice with 12 measures to promote the stable and healthy development of the real estate market, covering land supply, development construction, financial support, and home purchasing convenience [5]. Banking Sector - The banking sector continued to perform well, with China Bank rising by 4% to reach a historical high, and Industrial and Commercial Bank also reaching a historical high, while Construction Bank increased by 3% [7]. The current price-to-book ratio (PB) for A-share banks is 0.73, while the PB for Hong Kong's state-owned banks is around 0.55, indicating that valuations remain significantly low compared to international peers. The banking sector's performance since 2022 has been primarily driven by valuation re-evaluation and upward adjustment [8][9]. Stock Performance Notable Stocks - HeFu China (603122.SS) reached a price of 26.18 yuan with a 10% increase and a market cap of 10.421 billion yuan [4]. - Jiuzhou Wang (601566.SS) achieved a price of 18.41 yuan with a 9.98% increase and a market cap of 10.579 billion yuan [4]. - Caixin Development (000838.SZ) reached a price of 3.40 yuan with a 10.03% increase and a market cap of 3.583 billion yuan [6]. - Haolaike (603898.SS) reached a price of 13.97 yuan with a 10% increase and a market cap of 4.349 billion yuan [6].

Market Overview - The three major A-share indices experienced a pullback today, with the Shanghai Composite Index down 0.4%, the Shenzhen Component Index down 0.76%, and the ChiNext Index down 1.12% [2] Lithium and Banking Sectors - The lithium battery concept stocks saw a rise and then a retreat, while the banking sector showed gains [2] Individual Stock Performance - After a three-day suspension for verification, the stock of China Fortune Land Development was highly sought after upon resuming trading, reaching a closing price of 26.18 yuan per share, with a total market capitalization of 10.42 billion yuan. The stock has seen 13 limit-up days in the last 15 trading days, with a cumulative increase of 291.92% [3] - Jiumuwang exhibited a "limit-up and limit-down" trading pattern, achieving a "7 consecutive limit-up" streak, closing at 18.41 yuan per share with a total market capitalization of 10.58 billion yuan [8][10] Computing Power Sector - The computing power stocks showed active performance in the afternoon, with Zhongfu Circuit hitting the limit-up, and Tengjing Technology rising over 10% to set a new historical high. The Huawei Euler concept stocks also saw a surge, with *ST Dongtong achieving two consecutive limit-ups [5] - Nvidia reported record revenue of $57 billion for the third quarter ending October 26, 2025, a 62% year-over-year increase, exceeding analyst expectations. Net profit reached $31.9 billion, a 65% increase year-over-year [5] - Huawei announced an upcoming forum focused on AI container applications, aimed at enhancing computing resource efficiency [5][6] Industry Insights - According to research from Zhongtai Securities, AI computing power is becoming a major growth engine in the telecommunications industry, with a focus on the delivery capabilities of leading optical module manufacturers [6] - Jiangsu Securities noted that AI-driven computing power infrastructure is expanding rapidly, with increased capital expenditure directed towards intelligent computing centers, indicating a strong demand for data center interconnectivity [6]

Market Overview - The A-share market experienced a pullback today, with the three major indices declining: the Shanghai Composite Index fell by 0.4%, the Shenzhen Component Index decreased by 0.76%, and the ChiNext Index dropped by 1.12% [2][3]. Stock Performance - Individual stocks showed varied performances, with Acorn China resuming trading after a three-day suspension and being heavily favored by investors, closing at 26.18 CNY per share, with a total market capitalization of 10.42 billion CNY. The stock has seen 13 limit-up days in the last 15 trading days, resulting in a cumulative increase of 291.92% [3][9]. - Jiumuwang exhibited a "heaven and earth" trading pattern, achieving a "7 consecutive limit-up" streak, closing at 18.41 CNY per share, with a total market capitalization of 10.58 billion CNY [7][9]. Sector Highlights - The computing power sector showed active performance in the afternoon, with stocks like Zhongfu Circuit hitting the limit-up, and Tengjing Technology reaching a historical high with an increase of over 10% [4]. - The Huawei Euler concept sector also saw significant movements, with *ST Dongtong achieving a "two consecutive limit-up" and Qingyun Technology rising over 10% [4][5]. Industry Insights - Nvidia reported record revenue of 57 billion USD for the third quarter ending October 26, 2025, marking a 62% year-on-year increase, surpassing analyst expectations [6]. - The AI computing power sector is identified as a major growth engine in the telecommunications industry, with a focus on the delivery capabilities of leading optical module manufacturers [6]. - The apparel retail sector is showing steady growth, with increasing consumer demand for autumn clothing and expectations for continued growth during the winter season and year-end holidays [9].

Market Overview - On November 20, A-shares experienced significant fluctuations, with the Shanghai Composite Index closing down by 0.4%, the Shenzhen Component Index down by 0.76%, and the ChiNext Index down by 1.12% [1][2] - The total market turnover exceeded 1.7 trillion yuan, with over 3,800 stocks declining [2] Stock Performance - The banking sector showed resilience, with China Bank and Industrial and Commercial Bank reaching new highs [2] - The Hainan Free Trade Zone sector surged, with Hainan Haiyao hitting the daily limit [2] - The lithium extraction sector also saw gains, with companies like Beijiete and Zhengguang shares hitting the daily limit of 20% [2] - Conversely, sectors such as coal, prepared dishes, dairy, and organic silicon experienced declines [2] Company Specifics - Heff China resumed trading and hit the daily limit, closing at 26.18 yuan per share after a significant rise of 291.92% over 15 trading days prior to November 17 [3][5] - Heff China's main business includes AI-assisted clinical diagnosis systems, remote medical services, and management of medical resources [5] - The stock of Heff China was suspended for trading due to abnormal fluctuations, but no additional favorable information was disclosed upon resumption [5] Notable Stock Movements - The stock of Renmin Tongtai faced a consecutive drop, hitting the limit down after a previous six-day surge of 88.71% [6][8] - ST Lvkang also experienced a "heaven and earth board" phenomenon, with significant volatility following a nine-day rise [8] - Jiumuwang exhibited extreme volatility, opening at the limit up, then hitting the limit down, before recovering to the limit up again, with a cumulative increase of 99.46% in November [10][12]

转自：智通财经 【11月20日连板股分析：连板股晋级率达四成 合富中国走出15天13板】今日共41股涨停，连板股总数 12只，其中三连板及以上个股6只，上一交易日共15只连板股，连板股晋级率40%（不含ST股、退市 股）。个股方面，继昨日全市场超4100只个股下跌后，今日市场又有超3800只个股下跌，个股炸板率超 50%，市场情绪低迷。部分高位股获资金抱团，合富中国复牌后不跌反涨走出15天13板，九牧王上 演"天地天板"晋级7连板。板块方面，虽然英伟达业绩再次超预期，但算力硬件端普遍呈兑现走势，中 际旭创、新易盛、工业富联等均留下高开低走阴线；锂电板块大幅分化，部分低位的盐湖提锂概念股表 现活跃，争光股份20CM涨停，贤丰控股（维权）涨停，三达膜涨超10%。但前期领涨的电解液概念股 再受重挫，多氟多、天际股份几乎跌停，永太科技跌超6%。 ...