Core Points - The company, Songyang Resources, announced that its stock experienced an abnormal fluctuation, with a cumulative closing price drop exceeding 20% over three consecutive trading days on October 16, 17, and 20, 2025 [1] - Following an internal review and inquiries with its controlling shareholder and actual controller, the company confirmed that there is no undisclosed significant information as of the date of the announcement [1]

证券代码：603863 证券简称：松炀资源 编号：2025-043 广东松炀再生资源股份有限公司 股票交易异常波动公告 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： 广东松炀再生资源股份有限公司（以下简称"公司"）股票于 2025 年 10 月 16 日、10 月 17 日、10 月 20 日连续三个交易日内收盘价格跌幅偏离值累 计超过 20%，根据《上海证券交易所交易规则》的有关规定，属于股票交易异常 波动的情况。 公司股票于 2025 年 10 月 16 日、2025 年 10 月 17 日、2025 年 10 月 20 日连 续三个交易日内收盘价格跌幅偏离值累计超过 20%。根据《上海证券交易所交易 规则》的有关规定，属于股票交易异常波动情形。公司提醒投资者注意投资风险， 公司股价短期波动幅度较大，敬请广大投资者注意二级市场交易风险，理性决策， 审慎投资。 四、董事会声明及相关方承诺 一、股票交易异常波动的具体情况 公司股票交易连续三个交易日内（2025 年 10 月 16 日、2025 年 10 ...

Group 1 - The stock of Songyang Resources (603863) experienced a limit down today, with a turnover rate of 8.88% and a transaction amount of 363 million yuan, showing a fluctuation of 8.70% [1][2] - The stock was listed on the Shanghai Stock Exchange due to a daily decline deviation of -8.07%, with a net buying amount of 2.3555 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction of 90.7897 million yuan, with a buying transaction amount of 46.5726 million yuan and a selling transaction amount of 44.2171 million yuan [2] Group 2 - The main buying brokerage was Guotai Junan Securities Co., Ltd. headquarters, with a buying amount of 18.2725 million yuan, while the largest selling brokerage was Guojin Securities Co., Ltd. Shenzhen Bay No. 1 Securities Brokerage, with a selling amount of 10.5805 million yuan [2] - The stock saw a net outflow of 59.0842 million yuan in main funds today, with a significant single net outflow of 38.5531 million yuan and a large single fund net outflow of 20.5311 million yuan [2] - Over the past five days, the main funds have seen a net outflow of 125 million yuan [2] Group 3 - The company reported a half-year revenue of 223 million yuan, a year-on-year decrease of 37.22%, and a net profit of -45.6953 million yuan [2]

Market Overview - The Shanghai Composite Index closed at 3839.76 points, with a decline of 1.95% [1] - The total trading volume of A-shares reached 1,954.408 billion yuan [1] Technical Analysis - A total of 207 A-shares experienced a "death cross" where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Dashengda: -1.36% - Guanghetong: -1.33% - Songyang Resources: -1.32% [1] Individual Stock Performance - Dashengda (603687) saw a decline of 6.44% with a trading turnover of 3.58% and a latest price of 8.42 yuan, which is 9.17% below the 10-day moving average [1] - Guanghetong (300638) decreased by 5.86%, with a turnover of 5.63% and a latest price of 28.25 yuan, 8.55% below the 10-day moving average [1] - Songyang Resources (603863) dropped 10.02%, with a turnover of 8.88% and a latest price of 19.31 yuan, 14.01% below the 10-day moving average [1] Additional Notable Stocks - Other stocks with significant declines include: - Chuan Dong (603767): -9.94%, latest price 24.36 yuan, 10.84% below the 10-day moving average [1] - Lianhong (003022): -4.45%, latest price 19.56 yuan, 7.05% below the 10-day moving average [1] - Qide New Materials (300995): -6.19%, latest price 44.11 yuan, 8.55% below the 10-day moving average [1]

Market Overview - The paper sector experienced a decline of 1.15% on October 17, with Songyang Resources leading the drop [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Individual Stock Performance - Notable performers included: - Sun Paper Industry (002078) closed at 14.23, up 0.57% with a trading volume of 160,600 shares and a turnover of 229 million yuan [1] - Yibin Paper (600793) closed at 23.84, up 0.51% with a trading volume of 44,800 shares and a turnover of 106 million yuan [1] - Conversely, Songyang Resources (603863) saw a significant drop of 10.02%, closing at 19.31 with a trading volume of 181,800 shares and a turnover of 363 million yuan [2] Capital Flow Analysis - The paper sector experienced a net outflow of 387 million yuan from main funds, while retail investors saw a net inflow of 416 million yuan [2] - The capital flow for individual stocks showed varied trends, with some stocks like Guanmeng High-tech (600433) experiencing a net inflow of 7.22 million yuan from main funds [3] Summary of Trading Data - The trading data for the paper sector indicates a mixed performance, with some stocks gaining while others faced declines, reflecting the overall bearish sentiment in the market [1][2][3]

Market Overview - The Shanghai Composite Index is at 3858.59 points, with a decline of 1.47% and a total trading volume of 1505.02 billion yuan [1] - A total of 173 A-shares have seen their 5-day moving averages cross below their 10-day moving averages [1] Stocks with Significant Moving Average Crosses - Notable stocks with the largest distance between their 5-day and 10-day moving averages include: - Songyang Resources: 5-day MA at 22.16 yuan, 10-day MA at 22.46 yuan, a difference of -1.32% [1] - Dashengda: 5-day MA at 9.16 yuan, 10-day MA at 9.28 yuan, a difference of -1.28% [1] - Guanghetong: 5-day MA at 30.57 yuan, 10-day MA at 30.94 yuan, a difference of -1.18% [1] Performance of Specific Stocks - Stocks experiencing notable declines include: - Songyang Resources: down 10.02% with a turnover rate of 8.69% [1] - Dashengda: down 5.67% with a turnover rate of 2.65% [1] - Guanghetong: down 4.33% with a turnover rate of 4.32% [1] - Other stocks with significant declines include: - Zhongma Transmission: down 8.91% [1] - Huaxiang: down 3.00% [1] - Lianhong Xinke: down 3.13% [1] Additional Stocks with Declines - Other stocks with notable performance include: - Qide New Materials: down 4.98% [1] - Hongyuan Electronics: down 7.53% [1] - Beijing Lier: down 3.03% [1] - Stocks with smaller declines include: - Weisi Medical: down 4.79% [1] - Suzhou Keda: down 2.37% [1] - Chongqing: unchanged at 0.00% [1]

Market Overview - The Shanghai Composite Index closed at 3877.20 points, with a decline of 1.00% [1] - The total trading volume of A-shares reached 1,188.96 billion yuan [1] Technical Analysis - A total of 157 A-shares experienced a "death cross," where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Songyang Resources: 5-day MA at 22.16 yuan, 10-day MA at 22.46 yuan, a difference of -1.32% [1] - Guanghe Tong: 5-day MA at 30.55 yuan, 10-day MA at 30.93 yuan, a difference of -1.21% [1] - Dashengda: 5-day MA at 9.19 yuan, 10-day MA at 9.29 yuan, a difference of -1.12% [1] Stock Performance - Significant declines in stock prices include: - Songyang Resources: down 10.02% with a turnover rate of 8.22% [1] - Guanghe Tong: down 4.63% with a turnover rate of 3.62% [1] - Dashengda: down 4.00% with a turnover rate of 1.86% [1] - Other notable declines include: - Huaxiang: down 2.58% [1] - Lianhong Xinke: down 2.54% [1] - Qide New Materials: down 4.36% [1]

Group 1 - The paper industry is experiencing a downturn, with several companies, including Songyang Resources, hitting their daily limit down [1] - Other companies in the sector, such as Dashengda, Jintaiyang, Qingshan Paper, Minshida, Jinghua Laser, and ST Chenming, are also seeing declines [1]

Core Points - The Shanghai Composite Index is at 3886.96 points with a decline of 0.75% and total A-share trading volume is 900.87 billion yuan [1] - A total of 124 A-shares have seen their 5-day moving average cross below the 10-day moving average, indicating potential bearish trends [1] Group 1: Stocks with Significant Moving Average Crosses - Songyang Resources (603863) has a 5-day moving average of 22.28 yuan, down 1.05% from the 10-day moving average, with a current price of 19.92 yuan, down 11.54% from the 10-day average [1] - Guanghe Tong (300638) shows a 5-day moving average of 30.66 yuan, down 1.03% from the 10-day average, with a current price of 29.17 yuan, down 5.85% from the 10-day average [1] - Dashengda (603687) has a 5-day moving average of 9.22 yuan, down 0.96% from the 10-day average, with a current price of 8.79 yuan, down 5.55% from the 10-day average [1] Group 2: Additional Stocks with Moving Average Crosses - Huaxiang Co. (603112) has a 5-day moving average of 16.67 yuan, down 0.95% from the 10-day average, with a current price of 16.44 yuan, down 2.29% from the 10-day average [1] - Lianhong Xinke (003022) shows a 5-day moving average of 20.91 yuan, down 0.94% from the 10-day average, with a current price of 20.18 yuan, down 4.38% from the 10-day average [1] - Zhongma Transmission (603767) has a 5-day moving average of 27.20 yuan, down 0.86% from the 10-day average, with a current price of 25.49 yuan, down 7.09% from the 10-day average [1]

Core Points - Songyang Resources (603863) experienced a trading halt today, with a daily turnover rate of 11.12% and a transaction volume of 514 million yuan, showing a price fluctuation of 14.96% [2] - The stock was listed on the Shanghai Stock Exchange due to a daily price deviation of -10.09%, with a net buying amount of 307,100 yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction volume of 141 million yuan, with a buying amount of 70.73 million yuan and a selling amount of 70.42 million yuan, resulting in a net buying of 307,100 yuan [2] Trading Data - The largest buying brokerage was CITIC Securities Co., Ltd. Shenzhen Binhai Avenue Securities Brokerage, with a buying amount of 30.67 million yuan, while the largest selling brokerage was Guotai Junan Securities Co., Ltd. headquarters, with a selling amount of 24.02 million yuan [2] - In terms of capital flow, the stock saw a net outflow of 70.21 million yuan today, with a significant single net outflow of 59.67 million yuan and a large single net outflow of 10.54 million yuan. Over the past five days, the net outflow of main funds reached 54.53 million yuan [2] Financial Performance - On August 30, the company released its semi-annual report, indicating that it achieved an operating income of 223 million yuan in the first half of the year, a year-on-year decrease of 37.22%, and a net profit of -45.70 million yuan [2]