Market Performance - The non-metal materials sector increased by 2.31% compared to the previous trading day, with Longgao Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Stock Performance - Longgao Co., Ltd. (code: 605086) closed at 33.99, with a rise of 10.00% and a trading volume of 100,300 shares, resulting in a transaction value of 336 million yuan [1] - Kuncai Technology (code: 603826) closed at 17.84, up 3.66%, with a trading volume of 58,700 shares and a transaction value of 10.4 million yuan [1] - Lichong Diamond (code: 301071) closed at 37.68, up 2.25%, with a trading volume of 77,600 shares and a transaction value of 291 million yuan [1] Capital Flow - The non-metal materials sector saw a net inflow of 91.07 million yuan from institutional investors, while retail investors experienced a net outflow of 33.12 million yuan [2][3] - Longgao Co., Ltd. had a net inflow of 75.38 million yuan from institutional investors, accounting for 22.45% of its total trading volume [3] - Kuncai Technology experienced a net inflow of 7.20 million yuan from institutional investors, representing 6.94% of its total trading volume [3]

Group 1 - The company emphasizes that it has never abandoned and will not abandon active market value management, which is not merely about boosting stock prices but enhancing intrinsic value through solid operations [1] - The company's focus is on fundamentally improving its business fundamentals and profitability [1] - The company expresses confidence in the future of the Chinese capital market and its main business sector [1]

Core Viewpoint - The company emphasizes that its market value is a significant concern for both the company and its shareholders, highlighting a shared interest in enhancing value through effective management and performance improvement [1] Group 1 - The current market value of the company is influenced by multiple factors, including macroeconomic conditions, industry policies, and market sentiment [1] - The company believes that solid internal value is essential for enhancing shareholder returns, which will eventually be reflected in the market value [1] - The focus on production management, governance optimization, and operational performance is seen as the core prerequisite for increasing the company's value [1]

Core Viewpoint - The company reassures investors about its current market position and operational stability, emphasizing that it does not meet any delisting criteria and maintains strong communication with financial institutions [1]. Group 1: Market Position - The company understands investor concerns regarding its stock performance and clarifies that its market capitalization is well above the delisting threshold of 500 million RMB, as per the Shanghai Stock Exchange rules [1]. - The company has not encountered any signs that would indicate a potential breach of the delisting criteria [1]. Group 2: Financial Stability - All existing pledge agreements are being fulfilled normally, and there are no immediate requirements for additional collateral [1]. - The company's main business operations are functioning normally, and it has stable relationships with major banks, with no notifications received regarding credit rating downgrades or tightened credit [1]. Group 3: Management Commitment - The management expresses a strong commitment to restoring and enhancing investor confidence and company value, indicating a proactive approach to improving market perception [1].

Group 1 - The core point of the article is that Kuncai Technology announced the completion of additional pledge procedures for 10,460,000 shares by its controlling shareholder, Mr. Xie Liang, who is acting in concert with Mr. Xie Bingkun [1] Group 2 - The announcement was made on the evening of November 25 [1] - The shares were previously pledged to China International Capital Corporation Wealth Securities Co., Ltd. [1]

Group 1 - The controlling shareholder of Kuncai Technology, Mr. Xie Bingkun, and his concerted party, Mr. Xie Liang, hold approximately 24.68 million shares, accounting for 3.77% of the total share capital, with a cumulative pledge of 10.46 million shares, representing 42.37% of their holdings and 1.6% of the total share capital [1] - After the additional pledge, Mr. Xie Liang's total pledged shares amount to 12.46 million, which is 50.48% of his holdings and 1.9% of the total share capital [1] - As of the announcement date, the controlling shareholder and concerted parties collectively hold about 395 million shares, representing 60.26% of the total share capital, with a cumulative pledge of approximately 77.85 million shares, accounting for 19.72% of their holdings and 11.88% of the total share capital [1] Group 2 - For the fiscal year 2024, Kuncai Technology's revenue composition is as follows: pearlescent materials sales account for 90.5%, titanium dioxide for 7.86%, other products for 0.84%, iron oxide for 0.71%, and other businesses for 0.1% [1] - The market capitalization of Kuncai Technology is currently 11.6 billion yuan [2] - Kuncai Technology's core product has been significantly impacted, with its largest customer reducing purchases due to self-supply, leading to a loss exceeding 100 million yuan shortly after its IPO [2]

证券代码：603826 证券简称：坤彩科技 公告编号：2025-049 福建坤彩材料科技股份有限公司 关于控股股东一致行动人部分股份质押的进展公告 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法律责任。 谢良先生仅是对前期已质押的股份办理补充质押手续，上述业务的办理不会 对公司的控制权造成影响，也不会影响公司的正常经营。公司控股股东谢秉昆先 生及其一致行动人资信情况良好，具备资金偿还能力和足够的履约能力，能有效 控制质押风险。公司将持续关注该事项的后续进展情况，将按规定履行信息披露 义务。敬请广大投资者注意投资风险。 特此公告。 股东 名称 是否为控 股股东 本次质押股数 （股） 是否为 限售股 是否补 充质押 质押起始日 质押到期日 质权人 占其所持 股份比例 占公司 总股本 比例 质押融 资资金 用途 谢良 否 2,000,000 否 是 2025-11-24 2026-9-17 中国中金 财富证券 有限公司 8.10% 0.31% 补充 质押 1、本次补充质押基本情况 福建坤彩材料科技股份有限公司（以下简称"公司"）控股股东谢秉 ...

Core Insights - The non-metal materials sector experienced a rise of 0.96% on November 24, with Changjiang Materials leading the gains [1] - The Shanghai Composite Index closed at 3836.77, up 0.05%, while the Shenzhen Component Index closed at 12585.08, up 0.37% [1] Sector Performance - Changjiang Materials (001296) saw a significant increase of 10.00%, closing at 28.06 with a trading volume of 229,500 shares and a transaction value of 609 million yuan [1] - Other notable performers included Longgao Co. (605086) with a 3.37% increase, and Lianrui New Materials (688300) with a 2.67% increase [1] Capital Flow - The non-metal materials sector had a net inflow of 23.06 million yuan from institutional investors, while retail investors saw a net outflow of 27.36 million yuan [2][3] - The main capital inflow was observed in stocks like Changjiang Materials and Lianrui New Materials, while stocks like Suotong Development (603612) experienced significant outflows [3]

Core Viewpoint - The company, Kuncai Technology, stated that its production and operations are currently normal and efficiently managed, despite stock price fluctuations influenced by macro policies, economic conditions, and market sentiment [1] Group 1 - The company is focusing on its core business to enhance operational quality [1] - Kuncai Technology aims to deliver good performance, maintain sound corporate governance, and provide positive shareholder returns [1] - The company emphasizes its commitment to contributing to the stable operation of the capital market [1]

证券代码：603826 证券简称：坤彩科技 公告编号：2025-048 福建坤彩材料科技股份有限公司 关于控股股东部分股份质押的公告 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法律责任。 重要内容提示： 2、本次质押股份不涉及被用作重大资产重组业绩补偿等事项担保或其他保 股东名 称 是否为 控股股 东 本次质押股数 （股） 是否 为限 售股 是否 补充 质押 质押起始日 质押到期日 质权人 占其所持 股份比例 占公司 总股本 比例 质押融 资资金 用途 谢秉昆 是 20,237,500 否 否 2025-11-18 2026-11-6 泉州城 建商业 保理有 限责任 公司 6.31% 3.09% 为上市 公司融 资提供 担保 1、本次股份质押基本情况 福建坤彩材料科技股份有限公司（以下简称"公司"）控股股东谢秉昆 先生持有公司股份 320,716,673 股，占公司总股本的 48.95%。本次股份 质押 20,237,500 股后，谢秉昆先生累计质押数量为 65,393,500 股，占 其持股数量的 20.39%，占公司总股本的 9 ...