证券研究报告 | 2025年11月21日 **Acknowledgement** **The authors thank the anonymous referee for the help and comments on the manuscript.** 乘势而起：市场新高趋势追踪：截至 2025 年 11 月 21 日，上证指数、深 证成指、沪深 300、中证 500、中证 1000、中证 2000、创业板指、科创 50 指数 250 日新高距离分别为 4.83%、8.65%、6.20%、9.69%、7.59%、 7.40%、12.16%、16.45%。中信一级行业指数中石油石化、纺织服装、 基础化工、家电、钢铁行业指数距离 250 日新高较近，食品饮料、综合 金融、商贸零售、非银行金融、建筑行业指数距离 250 日新高较远。概 念指数中，石油天然气、锂矿、林木、锂电池、HJT 电池、万得微盘股 日频等权、操作系统等概念指数距离 250 日新高较近。 见微知著：利用创新高个股进行市场监测：截至 2025 年 11 月 21 日，共 1127 只股票在过去 20 个交易日间创出 250 日新高。其中创新高 ...

证券研究报告 | 2025年11月21日 **Acknowledgement** **The authors thank the anonymous referee for the help and comments on the manuscript.** 乘势而起：市场新高趋势追踪：截至 2025 年 11 月 21 日，上证指数、深 证成指、沪深 300、中证 500、中证 1000、中证 2000、创业板指、科创 50 指数 250 日新高距离分别为 4.83%、8.65%、6.20%、9.69%、7.59%、 7.40%、12.16%、16.45%。中信一级行业指数中石油石化、纺织服装、 基础化工、家电、钢铁行业指数距离 250 日新高较近，食品饮料、综合 金融、商贸零售、非银行金融、建筑行业指数距离 250 日新高较远。概 念指数中，石油天然气、锂矿、林木、锂电池、HJT 电池、万得微盘股 日频等权、操作系统等概念指数距离 250 日新高较近。 见微知著：利用创新高个股进行市场监测：截至 2025 年 11 月 21 日，共 1127 只股票在过去 20 个交易日间创出 250 日新高。其中创新高 ...

报 告 摘 要 乘势而起：市场新高趋势追踪 触及新高的个股、行业和板块可被视为市场的风向标。越来越多的研究表明动量、趋势跟踪策略的有效性。本报告旨在定期跟踪市场中创新高的个股及其 分布，以追踪市场趋势、把握市场热点。 截至2025年11月21日，上证指数、深证成指、沪深300、中证500、中证1000、中证2000、创业板指、科创50指数250日新高距离分别为4.83%、 8.65%、6.20%、9.69%、7.59%、7.40%、12.16%、16.45%。中信一级行业指数中石油石化、纺织服装、基础化工、家电、钢铁行业指数距离250日 新高较近，食品饮料、综合金融、商贸零售、非银行金融、建筑行业指数距离250日新高较远。概念指数中，石油天然气、锂矿、林木、锂电池、HJT电 池、万得微盘股日频等权、操作系统等概念指数距离250日新高较近。 见微知著：利用创新高个股进行市场监测 截至2025年11月21日，共1127只股票在过去20个交易日间创出250日新高。其中创新高个股数量最多的是基础化工、机械、电力设备及新能源行业，创 新高个股数量占比最高的是纺织服装、煤炭、有色金属行业。按照板块分布来看，本周周期、制造 ...

斯瑞新材涨8.66%，报22.22元/股，股价再创新高，总市值突破171.88亿元，成交额达3.66亿元。（AI生 成） ...

Market Overview - The metal new materials sector experienced a slight decline of 0.06% on November 20, with Alloy Investment leading the drop [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Individual Stock Performance - Alloy Investment (000633) closed at 7.98, down 6.67% with a trading volume of 701,500 shares and a transaction value of 561 million [1] - Other notable declines included: - Zhongke Magnetic (301141) down 3.44% to 55.07 with a transaction value of 220 million [1] - Bowei Taijin (601137) down 2.58% to 21.18 with a transaction value of 258 million [1] - Jinli Yongci (300748) down 2.32% to 34.50 with a transaction value of 1.22 billion [1] Capital Flow Analysis - The metal new materials sector saw a net outflow of 151 million from main funds, while retail investors contributed a net inflow of 75.99 million [1] - Specific stock capital flows included: - Shenzhen New Star (603978) with a main fund net inflow of 1.05 billion, but a net outflow from retail investors of 46.47 million [2] - Tunan Co. (300855) with a main fund net inflow of 41.86 million, but a significant retail outflow of 3.44 million [2] - Bowei Alloy (601137) recorded a main fund net inflow of 3.88 million, while retail investors saw a net outflow of 2.06 million [2]

Group 1 - The CPO concept stocks in the A-share market experienced significant gains, with Zhongfu Circuit hitting the daily limit up of 20% [1] - Ruiskanda saw a rise of 10%, while Dekeli increased by over 9% [1] - Srey New Materials and Founder Technology both rose by over 7%, and Tianfu Communication increased by over 4% [1]

Core Viewpoint - The commercial aerospace sector experienced notable fluctuations, with Shanghai Port Bay reaching its daily limit increase, following a similar surge in Aerospace Power. Other companies such as Shanghai Huguang, Chaojie Co., Srei New Materials, Aerospace Intelligent Equipment, and Qianzhao Optoelectronics also saw significant gains [1] Group 1 - Shanghai Port Bay hit the daily limit increase, indicating strong investor interest in the commercial aerospace sector [1] - Aerospace Power also reached its daily limit increase, suggesting a positive trend in the industry [1] - Other companies in the sector, including Shanghai Huguang, Chaojie Co., Srei New Materials, Aerospace Intelligent Equipment, and Qianzhao Optoelectronics, experienced follow-up gains, reflecting a broader market enthusiasm [1]

Market Overview - The metal new materials sector experienced a decline of 0.37% on November 17, with Alloy Investment leading the drop [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Stock Performance - Notable gainers in the metal new materials sector included: - Zhongke Magnetic Industry (301141) with a closing price of 56.28, up 2.16% [1] - Jinli Permanent Magnet (300748) at 35.05, up 1.59% [1] - Dadi Energy (688077) at 32.27, up 1.41% [1] - Conversely, Alloy Investment (000633) saw a significant decline of 8.38%, closing at 7.54 [2] - Other notable decliners included Jiangnan New Materials (603124) down 4.01% and Aluminum New Materials (300811) down 2.97% [2] Trading Volume and Capital Flow - The metal new materials sector saw a net outflow of 368 million yuan from main funds, while retail investors contributed a net inflow of 258 million yuan [2] - The trading volume for key stocks included: - Zhongke Magnetic Industry with a transaction volume of 19,700 lots [1] - Jinli Permanent Magnet with 257,200 lots [1] Capital Inflow Analysis - Key stocks with significant capital inflow included: - Sry New Materials (688102) with a main fund net inflow of 46.91 million yuan [3] - Yuenan New Materials (688786) with a net inflow of 6.58 million yuan [3] - Stocks experiencing net outflows included: - Zhongke Magnetic Industry with a net outflow of 6.49 million yuan from retail investors [3] - Jinli Permanent Magnet with a net outflow of 4.42 million yuan from retail investors [3]

Group 1 - The board of directors and all directors guarantee that the announcement content does not contain any false records, misleading statements, or major omissions, and they bear legal responsibility for the authenticity, accuracy, and completeness of its content [1] - The shareholders' meeting was held on November 14, 2025, at the conference room on the 4th floor of Shaanxi Sry New Materials Co., Ltd. [2] - The meeting was convened by the board of directors and chaired by Chairman Wang Wenbin, using a combination of on-site and online voting methods, in compliance with the Company Law and the company's articles of association [2] Group 2 - Three non-cumulative voting proposals were reviewed and passed: 1. Proposal to reappoint the auditing firm for the 2025 fiscal year 2. Proposal to change the registered capital and amend the articles of association 3. Proposal to revise the fundraising management system [3][4] - Proposal 2, which involved a special resolution, was approved by more than two-thirds of the valid voting rights held by shareholders present at the meeting, while Proposals 1 and 3 were approved by more than half [4] Group 3 - The meeting was witnessed by Guohao Law Firm (Xi'an), with lawyers Liang Deming and Zhang Wenbin providing legal opinions confirming that the meeting's procedures complied with relevant laws and regulations [5]

陕西斯瑞新材料股份有限公司 证券代码：688102 证券简称：斯瑞新材 公告编号：2025-061 2025年第二次临时股东会决议公告 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： ● 本次会议是否有被否决议案：无 一、会议召开和出席情况 （三）出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及其持有表决权数量的情 况： ■ （四）表决方式是否符合《公司法》及公司章程的规定，股东会主持情况等。 会议由公司董事会召集，董事长王文斌先生主持，采取现场投票和网络投票相结合的表决方式，本次会 议召集、召开及表决方式符合《中华人民共和国公司法》和《陕西斯瑞新材料股份有限公司章程》的规 定。 （五）公司董事和董事会秘书的出席情况 1、公司在任董事7人，出席7人； 2、董事会秘书王磊先生出席了本次会议；公司全体高级管理人员列席了本次会议。 二、议案审议情况 （一）非累积投票议案 1、议案名称：《关于续聘公司2025年度审计机构的议案》 审议结果：通过 表决情况： ■ 2、议案名称：《关于变更公司注册资本、修订 ...