Core Viewpoint - The A-share market in China is experiencing a strong performance from Fujian concept stocks, with several companies hitting their daily price limits and showing significant gains [1] Group 1: Stock Performance - Hongxiang Co. and Zhongfutong both reached the daily limit of 20% increase [1] - Haixia Innovation rose over 13% [1] - Guoan Da increased by over 11% [1] - Other companies such as XG Group, Longzhou Group, Pingtan Development, Jiayi Wang, Jianfa Heceng, Lezhi Group, Tengjing Technology, Aerospace Development, Rishang Group, and China Wuyi all reached a 10% increase [1] - Haixia Environmental saw an increase of over 6% [1]

每经AI快讯，11月17日，福建本地股反复活跃，九牧王4连板，平潭发展、龙洲股份3连板，中富通、 航天发展、日上集团、中国武夷等多股涨停。 （文章来源：每日经济新闻） ...

Group 1 - The core point of the article is that Jiuwu Wang has experienced a significant stock price increase, achieving a limit-up and marking its fourth consecutive trading day of gains [2] - Over the past four days, Jiuwu Wang's stock has accumulated a total increase of 46.46% [2]

Core Viewpoint - The stock of Jiumuwang Co., Ltd. has experienced significant price fluctuations, with a cumulative increase of over 20% over three consecutive trading days, leading to a warning about market trading risks [2][3]. Market Trading Risk - The stock price of the company increased significantly, with a closing price of 12.58 yuan per share on November 14, 2025, following a series of price increases [3]. - The company's current price-to-earnings (P/E) ratio is 39.45 times, which is significantly higher than the industry median P/E ratio of 15.56 times [3]. Company Operating Conditions - The company has confirmed that its daily operations are normal, with no significant changes in the market environment, industry policies, production costs, or sales [4]. Major Events - The company has disclosed that there are no undisclosed matters that should be reported according to stock listing rules, and there are no significant corporate actions such as asset restructuring or major business cooperation [5]. Media Reports and Market Rumors - There have been no media reports or market rumors that could significantly impact the company's stock price [6].

二、公司经营情况 经公司自查，公司目前日常经营活动一切正常，市场环境、行业政策没有发 生重大调整、生产成本和销售等情况没有出现大幅波动、内部生产经营秩序正常， 1 / 2 证券代码：601566 证券简称：九牧王 公告编号：临 2025-031 九牧王股份有限公司 关于股票交易风险提示性公告 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： 一、市场交易风险提示 公司股票于 2025 年 11 月 11 日、2025 年 11 月 12 日、2025 年 11 月 13 日连 续三个交易内收盘价格涨幅偏离值累计超过 20%。在发布股票交易异常波动公告 后，11 月 14 日公司股票再次涨停，当日股票收盘价为 12.58 元/股，公司股票 短期涨幅显著高于同行业指数水平。 截至 2025 年 11 月 14 日收盘，根据 WIND 服装、服饰与奢侈品市盈率数据显 示，公司所处行业市盈率中位数为 15.56 倍，公司当前市盈率为 39.45 倍，显著 高于同行业水平。敬请广大投资者注意市场交易风险，理性决策，审 ...

Group 1 - The core point of the article is that Jiuwu Wang announced a significant abnormal fluctuation in its stock price, with a cumulative increase of over 20% in closing prices over three consecutive trading days [2] - On November 14, 2025, the company's stock continued to hit the daily limit up [2] - The company noted that its price-to-earnings ratio is significantly higher than that of its industry peers, prompting a warning to investors about market trading risks and the need for rational decision-making [2]

Market Overview - The market experienced a collective decline today, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index falling by 0.97%, 1.93%, and 2.82% respectively, while over 3,300 stocks declined and more than 1,900 stocks rose [4] Storage Sector - The previously strong storage sector faced a significant drop, influenced by declines in the US market, with SanDisk falling nearly 14% and major companies like Micron, Western Digital, and Seagate also experiencing losses [8] - A-share companies such as Tongyou Technology, Baiwei Storage, Jiangbolong, and others saw declines exceeding 10%, with a collective downturn in stocks like Jucheng Technology and Yachuang Electronics [9] Banking Sector - Major banks, led by the "Big Four," showed resilience in the morning, with slight declines in the afternoon, ultimately closing up by 0.11%. Agricultural Bank and Industrial and Commercial Bank reached historical highs during the day [11] - Despite the gains in major banks, other banks like Zheshang Bank and Minsheng Bank have seen significant declines in recent months, raising concerns among shareholders [11] Regional Stocks - Fujian local stocks showed strong performance, with companies like HeFu China achieving 14 consecutive trading days of gains, while others like Sanmu Group and Dongbai Group also performed well [15] - The overall performance of the Haixi concept stocks rose nearly 5%, with Hainan local stocks also gaining traction, including companies like Xinlong Holdings and Hainan Haiyao [16][17] Outdoor Sector - The outdoor concept stocks experienced a strong divergence, with leading stock Sanfu Outdoor achieving two consecutive gains, while others like Tanshizhe faced significant declines [19]

Core Viewpoint - The company has issued a risk warning announcement, stating that its daily operations are normal and there have been no significant changes in the market environment or industry policies [1] Summary by Relevant Categories Company Operations - The company confirms that its daily business activities are operating normally [1] - There have been no significant fluctuations in production costs and sales [1] - The internal production and operational order of the company remains normal [1] Market Environment - The market environment has not undergone any major adjustments [1] - There are no significant changes in the external business environment [1]

Core Viewpoint - Jomoo King issued a risk warning announcement, stating that the company's daily operations are currently normal, with no significant changes in the market environment or industry policies [1] Group 1: Company Operations - The company has conducted a self-inspection and confirmed that all daily operational activities are functioning normally [1] - There have been no major fluctuations in production costs or sales [1] - The internal production and operational order of the company remains normal [1] Group 2: Market Environment - The external business environment has not undergone significant changes [1]

Core Insights - The apparel and home textile sector experienced a slight increase of 0.03% on November 14, with Sanfu Outdoor leading the gains [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Stock Performance - Sanfu Outdoor (002780) saw a closing price of 19.20, with a significant increase of 10.03% and a trading volume of 547,600 shares, amounting to a transaction value of 1.028 billion [1] - Other notable performers included Zhenyaomeijia (003041) with a 10.00% increase, closing at 41.02, and Jiuwang (601566) with a 9.97% increase, closing at 12.58 [1] - The overall performance of the apparel and home textile sector showed mixed results, with several stocks experiencing gains while others faced declines [2] Capital Flow - The apparel and home textile sector experienced a net outflow of 270 million from institutional investors, while retail investors saw a net inflow of 364 million [2][3] - The capital flow data indicates that while institutional investors withdrew funds, retail investors were actively buying into the sector [2][3] Individual Stock Capital Flow - Meibang Apparel (002269) had a net inflow of 97.50 million from institutional investors, but faced a net outflow of 71.73 million from speculative funds [3] - Jiuwang (601566) also saw a significant net inflow of 84.38 million from institutional investors, with a net outflow of 37.59 million from speculative funds [3] - The data reflects a trend where institutional investors are more engaged in certain stocks, while speculative funds are withdrawing [3]