苏州丰倍生物公告称，为应对外汇市场变化、防范风险，公司及子公司拟开展远期结售汇等外汇衍生品 交易。交易品种包括远期结售汇、外汇期权等，交易对手为有资格的金融机构。预计用不超5000万美元 （或等值货币）闲置自有资金开展业务，期限不超12个月，交易金额可循环使用，交易保证金和权利金 上限不超250万美元。公司制定相应风控措施，称业务开展有必要且可行。 ...

这只新股又给追进去的投资者上了一课，上市9天直接跌了7天，除了上市第一天拉了一波，剩下的基本上每天都在下跌，而且动不动就是低开低走，不管 是第一天追进去的，还是后边抄底的，全部被套，毫不客气！ "以为是肉签，没想到是杀猪盘！"这只新股自11月5日登陆沪市主板以来，在9个交易日内走出7根阴线，股价从巅峰一路俯冲至47元区间，让追高散户深 度套牢，直呼"这哪里是上市融资，分明是来卖公司套现的"。 那么这是哪只股票？公司主要是做什么的？公司业绩怎么样？保荐机构是哪家？我们一起来看看！ 这只股票就是603334丰倍生物！ 公司主业："地沟油炼金"，却遇海外壁垒 丰倍生物是一家聚焦废弃资源综合利用的高新技术企业，核心业务被市场称为"地沟油炼金"——以废弃油脂为原料，打造"废弃油脂—生物柴油—生物基 材料"的完整产业链，产品涵盖生物柴油、农药助剂、化肥助剂、DD油等，广泛应用于农化、工业等领域。作为国内生物柴油行业第一梯队企业，公司不 仅手握欧盟ISCC资质认证，还与丰乐种业、久易股份等农化龙头及壳牌、BP等国际企业建立合作，在农化细分应用领域市场占有率位居前列。 保荐机构赚得盆满，散户亏得惨烈 一边是散户的血泪亏损，一 ...

（文章来源：证券日报） 证券日报网讯 12月5日，丰倍生物在互动平台回答投资者提问时表示，公司目前生产经营活动正常，不 触及《上海证券交易所股票上市规则》规定的风险警示情形。二级市场股票价格受到宏观环境、市场环 境、投资者情绪等多个因素的综合影响，敬请投资者注意投资风险。 ...

- The report discusses the IPO performance in November 2025, highlighting that 11 new stocks were listed across the Shanghai, Shenzhen, and Beijing stock exchanges, raising a total of 101.88 billion yuan [2][8] - The average first-day increase for the six new stocks listed on the Shanghai and Shenzhen markets was 209%, with notable variations among individual stocks [2][11] - The report provides a detailed breakdown of the IPO performance by market segment, including the main board, STAR Market, and ChiNext, with specific examples such as Daming Electronics and Hengkun New Materials [11][14] - The report also includes a comprehensive analysis of the monthly IPO subscription returns, with A/B class accounts earning 73.17/71.87 million yuan respectively in November 2025 [14][16] - The report suggests that the "inclusion" strategy remains optimal, recommending active participation in low-priced, small-cap new stocks with high first-day increase potential, as well as large-cap stocks with significant offline allocation [15][17]

- The report introduces a quantitative model for calculating IPO returns based on the formula: **Single account IPO return = min(account size, subscription limit) * winning rate * return rate** **A/B class investors full subscription return = subscription limit * A/B class offline winning rate * return rate** The winning rate considers actual offline IPO results, and the return rate is calculated using the first-day average transaction price relative to the issue price for registered IPOs, or the average transaction price on the opening day for non-registered IPOs[42][43][48] - The model evaluates IPO returns across different market segments (Main Board, ChiNext, STAR Market) and investor classes (A/B). For November 2025, the calculated IPO return rates for a 5-billion-scale account are: **Main Board:** A class: 0.037%, B class: 0.035% **ChiNext:** A class: 0.058%, B class: 0.058% **STAR Market:** A class: 0.046%, B class: 0.045%[43][44][47] - The cumulative IPO return rates for 2025 are: **A class:** 1.716% **B class:** 1.399% These values are based on a 5-billion-scale account participating in all IPOs during the year[49][50][51] - Full subscription returns for November 2025 are calculated as follows: **Main Board:** A class: 19 million yuan, B class: 17.9 million yuan **ChiNext:** A class: 31.3 million yuan, B class: 31.2 million yuan **STAR Market:** A class: 22.8 million yuan, B class: 22.6 million yuan[52][53][55]

Core Insights - The biodiesel sector experienced a decline of 4.59% on November 14, with Hai Xin Energy leading the drop [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 - International Industrial (000159) closed at 6.85, up 2.24% with a trading volume of 237,400 shares and a transaction value of 163 million [1] - Zhongliang Technology (000930) closed at 6.12, down 0.65% with a trading volume of 153,900 shares and a transaction value of 94.66 million [1] - Pengpeng Environmental (300664) closed at 6.12, down 1.92% with a trading volume of 331,800 shares and a transaction value of 205 million [1] - Excellent New Energy (688196) closed at 61.71, down 4.01% with a trading volume of 25,600 shares and a transaction value of 158 million [1] - Fengbei Biological (603334) closed at 48.30, down 4.03% with a trading volume of 79,100 shares and a transaction value of 38.8 million [1] - Jiaao Environmental (603822) closed at 109.69, down 4.42% with a trading volume of 26,700 shares and a transaction value of 296 million [1] - Shangaohuan Energy (000803) closed at 7.94, down 6.59% with a trading volume of 865,200 shares and a transaction value of 687 million [1] - Hai Xin Energy (300072) closed at 5.56, down 10.03% with a trading volume of 2,447,900 shares and a transaction value of 1.407 billion [1] Capital Flow - The biodiesel sector saw a net outflow of 390 million from main funds, while retail investors contributed a net inflow of 288 million [1] - The detailed capital flow for individual stocks shows varying trends, with International Industrial seeing a net inflow of 3.08 million from main funds, while Hai Xin Energy experienced a net outflow of 150 million [2]

Core Points - Fengbei Bio (603334) experienced a 2.57% increase in stock price with a turnover rate of 36.37% and a trading volume of 589 million yuan, indicating significant market activity [2] - The stock was listed on the Shanghai Stock Exchange due to its high turnover rate, with a net buying amount of 45.77 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction of 127 million yuan, with a net buying amount of 45.77 million yuan after deducting sales [2] Trading Activity - The largest buying brokerage was Guotai Junan Securities Headquarters, with a purchase amount of 27.46 million yuan, while the largest selling brokerage was Jinyuan Securities Jiangsu Branch, with a selling amount of 10.28 million yuan [2] - The stock saw a net inflow of 71.99 million yuan from main funds, including a net inflow of 34.44 million yuan from large orders [2] - Over the past five days, the net inflow of main funds totaled 71.12 million yuan [2] Financial Performance - For the first three quarters, Fengbei Bio reported a revenue of 2.251 billion yuan, representing a year-on-year growth of 62.32%, and a net profit of 117 million yuan, reflecting a year-on-year increase of 35.32% [2]

Core Insights - The biodiesel sector experienced a 3.5% increase on November 12, with Shanggou Huanneng leading the gains [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Sector Performance - Shanggou Huanneng (000803) closed at 8.72, up 9.96% with a trading volume of 482,400 shares and a transaction value of 416 million [1] - Jiaao Environmental Protection (603822) closed at 114.00, up 8.79% with a trading volume of 41,500 shares and a transaction value of 463 million [1] - Zhuoyue New Energy (688196) closed at 64.20, up 5.59% with a trading volume of 50,900 shares and a transaction value of 326 million [1] - Pengyao Environmental Protection (300664) closed at 6.28, up 3.80% with a trading volume of 736,200 shares and a transaction value of 464 million [1] - Fengbei Biological (603334) closed at 52.22, up 2.57% with a trading volume of 112,900 shares and a transaction value of 589 million [1] - Hainxinnengke (300072) closed at 5.88, up 0.86% with a trading volume of 3,180,700 shares and a transaction value of 1.872 billion [1] - International Industry (000159) closed at 6.70, up 0.45% with a trading volume of 272,900 shares and a transaction value of 182 million [1] - COFCO Technology (000930) closed at 6.11, up 0.33% with a trading volume of 197,000 shares and a transaction value of 120 million [1] Capital Flow - The biodiesel sector saw a net inflow of 321 million from main funds, while retail funds experienced a net outflow of 227 million [1] - Main funds for Shanggou Huanneng had a net inflow of 138 million, representing 33.05% of the total [2] - Fengbei Biological had a net inflow of 78.42 million from main funds, accounting for 13.32% [2] - Pengyao Environmental Protection had a net inflow of 72.13 million from main funds, representing 15.54% [2] - Zhuoyue New Energy had a net inflow of 31.32 million from main funds, accounting for 9.60% [2] - Jiaao Environmental Protection had a net inflow of 9.39 million from main funds, representing 2.03% [2] - Hainxinnengke had a minimal net inflow of 234,700 from main funds [2] - COFCO Technology experienced a net outflow of 18.51 million from main funds, representing -15.39% [2]

Core Viewpoint - Fengbei Bio's stock price has experienced a significant decline of 25.28% this year, with a notable drop of 2.02% on November 12, 2023, leading to a market capitalization of 7.158 billion yuan [1][2]. Group 1: Stock Performance - As of November 12, 2023, Fengbei Bio's stock price was reported at 49.88 yuan per share, with a trading volume of 48.5745 million yuan and a turnover rate of 3.10% [1]. - The company has seen a net outflow of main funds amounting to 1.8158 million yuan, with large orders buying 5.5954 million yuan and selling 5.0300 million yuan [1]. - The stock has appeared on the "Dragon and Tiger List" once this year, with the latest appearance on November 5, 2023, showing a net purchase of 17.8625 million yuan [1]. Group 2: Financial Performance - For the period from January to September 2025, Fengbei Bio reported a revenue of 2.251 billion yuan, reflecting a year-on-year growth of 62.32%, and a net profit attributable to shareholders of 117 million yuan, which is a 35.32% increase year-on-year [2]. - The company's main business revenue composition indicates that 91.18% comes from waste resource utilization, with bio-based materials contributing 79.60% [1][2]. Group 3: Company Overview - Fengbei Bio, established on July 25, 2014, is located in Jintan District, Changzhou, Jiangsu Province, and primarily focuses on the comprehensive utilization of waste oil resources [1]. - The company operates in the basic chemical industry, specifically in the category of other chemical products, and is classified under several concept sectors including new stocks and biomass energy [2].

IPO Pipeline Status - As of November 9, there are 276 companies in the IPO pipeline, including 21 on the Shanghai Main Board, 35 on the Sci-Tech Innovation Board, 21 on the Shenzhen Main Board, 26 on the ChiNext, and 173 on the Beijing Stock Exchange [1] Newly Listed Companies - From November 3 to November 9, five companies were newly listed: - Dana (Tianjin) Biotechnology Co., Ltd. on the Beijing Stock Exchange with a closing price of 102.10 CNY per share, a rise of 497.08%, and a trading volume of 6.65 billion CNY [3] - Suzhou Fengbei Biotechnology Co., Ltd. on the Shanghai Main Board with a closing price of 66.76 CNY per share, a rise of 172.60%, and a trading volume of 16.50 billion CNY [3] - Daming Electronics Co., Ltd. on the Shanghai Main Board with a closing price of 64.45 CNY per share, a rise of 413.55%, and a trading volume of 16.94 billion CNY [4] - Delijia Transmission Technology (Jiangsu) Co., Ltd. on the Shanghai Main Board with a closing price of 70.52 CNY per share, a rise of 51.07%, and a trading volume of 18.50 billion CNY [5] - Zhongcheng Zhixin Engineering Consulting Group Co., Ltd. on the Beijing Stock Exchange with a closing price of 38.54 CNY per share, a rise of 170.08%, and a trading volume of 4.62 billion CNY [6] New Counseling Record Companies - During the same period, 10 companies were added to the counseling record, including: - Hangzhong Tianqi (Chongqing) Microelectronics Co., Ltd., focusing on communication and intelligent terminal chips [7] - Anwen Technology Group Co., Ltd., specializing in automotive cabin safety and comfort components [9] - Duality Biotherapeutics, Inc., a clinical-stage innovative biopharmaceutical company [9] - Wuhan Jiachen Electronics Technology Co., Ltd., engaged in high-voltage safety systems for new energy vehicles [9] - Guangdong Jingyi Furniture Co., Ltd., focusing on office seating solutions [9] - Inner Mongolia Dongyuan Environmental Protection Technology Co., Ltd., involved in wastewater treatment [9] - Ningbo Jinlai Chemical Co., Ltd., a chemical product manufacturer [9] - Shenzhen Zhongji Automation Co., Ltd., specializing in lithium battery automation production equipment [10] - Huanuo Star Technology Co., Ltd., engaged in radar and intelligent robotics research [10] - Anhui Xinyuan Technology Co., Ltd., focusing on fine chemicals [10] Companies Approved for Review - Five companies successfully passed the review process from November 3 to November 9: - Shandong Qilong Marine Oil Steel Pipe Co., Ltd., involved in marine drilling riser development [12] - Chongqing Zhixin Industrial Co., Ltd., specializing in automotive welding parts [12] - Shaanxi Tourism Culture Industry Co., Ltd., offering tourism-related services [12] - Zhejiang Haiseng Medical Devices Co., Ltd., providing anesthesia and monitoring medical devices [12] - Hebei Guoliang New Materials Co., Ltd., focusing on high-temperature industrial refractory materials [12] Companies Registered Successfully - Two companies received registration approval during the period: - Ningbo Jianxin Superconducting Technology Co., Ltd., involved in MRI equipment core components [15] - Inner Mongolia Shuangxin Environmental Protection Materials Co., Ltd., focusing on PVA and specialty fibers [15] Companies Terminated IPO Review - Two companies withdrew their IPO applications: - Fujian Haichuang Optoelectronic Technology Co., Ltd., specializing in laser technology [16] - Shandong Canon Technology Co., Ltd., focusing on energy-saving and environmental protection technologies [17]