Core Viewpoint - Jinghua New Materials (603683.SH) announced a reduction in shareholding by its controlling shareholders, resulting in a decrease in their combined ownership percentage from 34.99997% to 33.49% [1] Shareholding Changes - The controlling shareholders, Zhou Xiaodong and Zhou Jinnan, along with their concerted party Zhou Jinhang, issued a notice regarding the equity change that occurred between November 3, 2025, and November 11, 2025 [1] - The reduction in shareholding was executed through centralized bidding and block trading methods [1]

证券代码：603683 证券简称：晶华新材 公告编号：2025-089 上海晶华胶粘新材料股份有限公司 关于控股股东、实际控制人及其一致行动人权益变动触及 1%刻 度的提示性公告 控股股东、实际控制人周晓东、周晓南及其一致行动人周锦涵保证向本公司提供 的信息真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 | 权益变动方向 | 比例增加□ | | 比例减少√ | | --- | --- | --- | --- | | 权益变动前合计比例 | 35.00% | | | | 权益变动后合计比例 | 33.49% | | | | 本次变动是否违反已作出的承 | 是□ | 否√ | | | 诺、意向、计划 | | | | | 是否触发强制要约收购义务 | 是□ | 否√ | | 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 投资者及其一致行动人的身份 √控股股东/实际控制人及其一致行动人 □其他 5%以上大股东及其一致行动人 □合并口径第一大股东及其一致行动人（仅适用 于无控股股东、实际控制人） □其他______________（请注明） 二、 权益变动触及 1%刻度的基本情况 公司于 2025 ...

Core Viewpoint - Jinghua New Materials (603683.SH) is strategically planning its multimodal flexible tactile sensor production capacity, primarily located in Zhangjiagang, with a focus on meeting future market demands [1] Group 1: Production Capacity Planning - The company has planned a 2000 square meter automotive-grade workshop for its sensor business [1] - The related production capacity is expected to gradually come online and start shipping in November 2025 [1] - This capacity layout is deemed strategically forward-looking, providing ample reserves for a product matrix covering multiple body areas [1] Group 2: Market Strategy - Future capacity release will be phased based on market introduction pace and demand conditions [1]

Summary of Key Points Core Viewpoint - The recent block trading activity of Jinghua New Materials indicates significant institutional interest, with a notable discount on the trading price compared to the market closing price, suggesting potential investment opportunities [2][3]. Trading Activity - On November 11, Jinghua New Materials recorded 22 block trades, totaling 2.414 million shares and a transaction value of 60.3983 million yuan, with an average transaction price of 25.02 yuan, reflecting an 18.18% discount compared to the closing price [2]. - Over the past three months, the stock has seen a total of 31 block trades, amounting to 93.0408 million yuan [3]. Market Performance - The closing price of Jinghua New Materials on the same day was 30.58 yuan, marking a 10.00% increase, with a daily turnover rate of 5.05% and a total trading volume of 387 million yuan [3]. - The stock has experienced a cumulative increase of 6.89% over the past five days, despite a net outflow of 27.1347 million yuan in funds during the same period [3]. Institutional Participation - Institutional trading desks were involved in 10 of the block trades, with a total transaction value of 28.798 million yuan, indicating a net buying position of the same amount [2][3]. - Specific institutional participants included Goldman Sachs and various other securities firms, highlighting a diverse range of institutional interest [4][5].

Summary of Key Points Core Viewpoint - The stock of Jinghua New Materials experienced a significant increase of 10.00% on November 11, closing at 30.58 yuan, with a total of 22 block trades amounting to 6,039.83 million yuan in transaction value [1]. Trading Activity - The first transaction occurred at a price of 25.02 yuan for 80,000 shares, totaling 200.16 million yuan, with a discount rate of -18.18% [1]. - Subsequent transactions consistently occurred at the same price of 25.02 yuan, with varying volumes and total amounts, all reflecting a discount rate of -18.18% [2][3][4][5][6]. - The total transaction volume for the last three months reached 9,304.08 million yuan, indicating active trading in the stock [6]. Price Movement - Over the last five trading days, the stock has seen a cumulative increase of 6.89%, suggesting positive momentum in its price [6]. - Despite the recent price increase, there has been a net outflow of 3,933.7 million yuan in principal funds, indicating potential selling pressure [6].

Group 1: Market Overview - The A-share market opened high but closed lower, with the Shanghai Composite Index continuing to fluctuate around the 4000-point mark, while the Shenzhen Component, ChiNext, and other indices fell over 1% [1][3] - The market turnover slightly decreased to 2.01 trillion yuan, indicating a reduction in trading activity [1] Group 2: Sector Performance - The cultivated diamond, new energy, forestry, and plastics sectors saw significant gains, while consumer electronics, communication equipment, aerospace, and diversified finance sectors experienced notable declines [3] - The cultivated diamond sector index surged nearly 6%, reaching a historical high, with a cumulative increase of over 215% since the "9.24" market rally last year, outperforming other popular sectors like chips and AI [6] Group 3: Capital Flow - Major capital inflows were observed in basic chemicals (over 7.1 billion yuan), pharmaceuticals (over 3 billion yuan), and several other sectors, while electronics and computing saw significant outflows (over 8.9 billion yuan and over 5 billion yuan, respectively) [5] - The market is expected to maintain high-level fluctuations, with a shift from extreme differentiation to a more balanced style, favoring large-cap stocks [5] Group 4: New Energy Sector - The new energy industry chain showed strong performance, particularly in photovoltaic sectors, with the perovskite battery concept being notably active, marking its fifth consecutive day of gains and reaching a two-and-a-half-year high [10][12] - The National Development and Reform Commission and the National Energy Administration released guidelines to enhance the adaptability of new power systems by 2030, aiming to meet the annual demand for the reasonable consumption of over 200 million kilowatts of new energy [12] Group 5: Diamond Cooling Market - The diamond cooling market is projected to grow dramatically from $0.37 million in 2025 to $15.2 billion by 2030, indicating explosive growth potential [9] - Diamond's thermal conductivity is significantly higher than that of copper and silver, making it a promising material for high-performance cooling solutions in advanced technology applications [9]

Market Overview - The chemical products sector rose by 0.19% on November 11, with Changhua Chemical leading the gains [1] - The Shanghai Composite Index closed at 4002.76, down 0.39%, while the Shenzhen Component Index closed at 13289.0, down 1.03% [1] Top Performers - Changdai Chemical (301518) closed at 43.81, up 19.99% with a trading volume of 113,900 shares and a turnover of 433 million yuan [1] - Liansheng Chemical (301212) closed at 34.84, up 13.49% with a trading volume of 86,900 shares and a turnover of 278 million yuan [1] - United Chemical (301209) closed at 101.66, up 10.74% with a trading volume of 40,100 shares and a turnover of 392 million yuan [1] - Yongtai Technology (002326) closed at 25.04, up 10.02% with a trading volume of 1,255,400 shares and a turnover of 2.998 billion yuan [1] - Jinghua New Materials (603683) closed at 30.58, up 10.00% with a trading volume of 130,600 shares and a turnover of 387 million yuan [1] Underperformers - Jinhua New Materials (920015) closed at 58.40, down 8.55% with a trading volume of 74,700 shares and a turnover of 448 million yuan [2] - Runmo Materials (300727) closed at 39.75, down 5.13% with a trading volume of 86,200 shares and a turnover of 344 million yuan [2] - Sanmei Co., Ltd. (603379) closed at 54.28, down 4.77% with a trading volume of 142,400 shares and a turnover of 778 million yuan [2] Capital Flow - The chemical products sector experienced a net outflow of 585 million yuan from institutional investors and 480 million yuan from retail investors, while individual investors saw a net inflow of 1.065 billion yuan [2] - Notable net inflows from individual investors were observed in Yongtai Technology (2.28 billion yuan) and other companies [3]

Group 1 - The A-share market has seen a strong performance in battery stocks, with several companies experiencing significant price increases [1] - Fangyuan Co., Ltd. reached a 20% daily limit increase, while Haike Xinyuan rose over 16% [1] - Other notable performers include Haibosi Chuang with over 13% increase, and Huasheng Lithium Battery with over 10% increase [1] Group 2 - Xiongtao Co., Ltd. and Sanxiang New Materials both hit the 10% daily limit increase [1] - Yishitong and Penghui Energy saw increases of over 9%, while Fengyuan Co., Ltd. increased by over 8% [1] - New Zoubang and Kun Gong Technology rose over 7%, and Defang Nano and Lingge Technology increased by over 6% [1]

Market Overview - As of 10:29 AM today, the Shanghai Composite Index is at 4006.65 points, slightly below the five-day moving average with a change of -0.30% [1] - The total trading volume of A-shares today is 915.99 billion [1] Stock Performance - A total of 527 A-shares have surpassed the five-day moving average, with notable stocks showing significant deviation rates including: - Delong Holdings (德龙汇能) at 8.11% - Victory Shares (胜利股份) at 7.83% - Agricultural Products (农产品) at 7.65% [1] - Other stocks with smaller deviation rates that have just crossed the five-day moving average include: - Koyuan Wisdom (科远智慧) - Hongyuan Electronics (鸿远电子) - Hitec High-tech (海特高新) [1] Notable Stocks with Deviation Rates - The following stocks have the highest deviation rates from their five-day moving averages: - Delong Holdings (德龙汇能): 8.11% deviation, latest price 10.96 yuan, five-day moving average 10.14 yuan [1] - Victory Shares (胜利股份): 7.83% deviation, latest price 4.16 yuan, five-day moving average 3.86 yuan [1] - Agricultural Products (农产品): 7.65% deviation, latest price 9.23 yuan, five-day moving average 8.57 yuan [1] - Additional stocks with notable performance include: - Guodian Network (广电网络): 7.42% deviation - Wanlima (万里马): 6.96% deviation [1]

Core Insights - On November 10, Jinghua New Materials executed a block trade of 80,000 shares, amounting to a transaction value of 2.0312 million yuan, which represented 0.93% of the total trading volume for the day [1] - The transaction price was 25.39 yuan per share, reflecting a discount of 8.67% compared to the market closing price of 27.8 yuan [1]