Core Insights - The superconducting concept sector saw a rise of 2.03%, ranking fourth among concept sectors, with 16 stocks increasing in value [1] - Notable gainers included GuoLan Testing, which hit a 20% limit up, and Dongfang Tantalum, which also reached the limit up, while Chenguang Medical, Zhongfu Industrial, and Bofei Electric had increases of 16.01%, 5.98%, and 3.39% respectively [1] - The sector experienced a net inflow of 0.50 billion yuan from main funds, with Dongfang Tantalum leading the inflow at 1.79 billion yuan [2][3] Sector Performance - The superconducting concept sector was among the top performers, with a daily increase of 2.03% [2] - Other sectors with notable performance included Shenzhen State-Owned Enterprise Reform at 6.62% and MLOps at 2.41%, while the Cultivated Diamond sector saw a decline of 2.94% [2] Fund Flow Analysis - The leading stocks in terms of net fund inflow ratios were Dongfang Tantalum at 16.31%, GuoLan Testing at 15.60%, and Zhongfu Industrial at 9.89% [3] - The top stocks by net fund inflow included: - Dongfang Tantalum: 178.55 million yuan, with a daily increase of 10.00% and a turnover rate of 7.80% [3] - GuoLan Testing: 72.51 million yuan, with a daily increase of 20.00% and a turnover rate of 9.70% [3] - Zhongfu Industrial: 92.34 million yuan, with a daily increase of 5.98% and a turnover rate of 3.63% [3]

Group 1 - The core signal from Goldman Sachs' latest report is that the investment logic in the Chinese stock market is undergoing a fundamental shift, entering a more sustainable and lower volatility "slow bull" phase [3] - Analysts predict a potential 30% increase in key Chinese stock indices, including A-shares and H-shares, by the end of 2027, driven by approximately 12% annual compound growth in earnings and a 5-10% valuation re-evaluation [3] - The Sci-Tech Innovation 50 ETF (588000) tracks the Sci-Tech Innovation 50 Index, with 70.55% of its holdings in the electronics sector and 4.54% in the computer sector, aligning well with the development of cutting-edge industries like artificial intelligence and robotics [3] Group 2 - The ETF also includes investments in various sub-sectors such as medical devices, software development, and photovoltaic equipment, indicating a high content of hard technology and promising future growth potential [3] - Increased capital market activity is noted, with significant support at the upper trend line from a weekly structure perspective [1]

Core Viewpoint - Western Superconducting Technologies Co., Ltd. has shown a significant stock price increase of 5.27%, reaching 72.13 CNY per share, with a total market capitalization of 46.86 billion CNY as of October 22 [1] Company Overview - Western Superconducting Technologies Co., Ltd. was established on February 28, 2003, and went public on July 22, 2019. The company is located in Xi'an Economic and Technological Development Zone, Shaanxi Province [1] - The company's main business includes the research, production, and sales of high-end titanium alloy materials, superconducting products, and high-performance high-temperature alloy materials. The revenue composition is as follows: high-end titanium alloy materials 57.59%, superconducting products 29.34%, high-performance high-temperature alloy materials 9.01%, and others 4.07% [1] Fund Holdings - According to data, one fund under Shenwan Hongyuan Asset Management holds a significant position in Western Superconducting, specifically the Shenwan Hongyuan CSI 500 Index Enhanced A Fund (002510), which held 81,700 shares, accounting for 0.99% of the fund's net value, ranking as the fifth-largest holding [2] - The fund has a current scale of 276 million CNY and has achieved a year-to-date return of 14.74%, ranking 3243 out of 4218 in its category [2] Fund Manager Performance - The fund manager of Shenwan Hongyuan CSI 500 Index Enhanced A Fund is Yu Cheng, who has been in the position for 9 years and 327 days. The total asset size of the fund is 729 million CNY, with the best return during his tenure being 77.18% and the worst being -76.04% [3]

Core Insights - Western Superconducting Technologies Co., Ltd. has experienced a stock price increase of 59.57% year-to-date, but has seen a recent decline of 9.22% over the last five trading days [1] - The company reported a revenue of 27.23 billion yuan for the first half of 2025, reflecting a year-on-year growth of 34.76%, with a net profit of 5.46 billion yuan, up 56.72% [2] Financial Performance - As of October 22, the stock price was 67.13 yuan per share, with a market capitalization of 43.612 billion yuan [1] - The company has distributed a total of 21.79 billion yuan in dividends since its A-share listing, with 14.06 billion yuan distributed in the last three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders increased by 7.91% to 26,900, with an average of 24,152 circulating shares per shareholder, a decrease of 7.33% [2] - Major shareholders include various ETFs and investment funds, with notable changes in holdings among the top ten shareholders [3]

证券代码：688122 证券简称：西部超导 公告编号：2025-028 二、公司参会人员 公司总经理、董事会秘书、财务总监、证券事务代表（如有特殊情况，参会人员可能进行调整）。 一、会议基本情况 活动时间：2025年10月29日（星期三）15:00-16:00 活动地址：全景网"投资者关系互动平台" 活动网址：https://ir.p5w.net 投资者问题预征集通道：https://ir.p5w.net/zj，投资者可将需要了解和关注的问题提交至预征集通道，公 司将在说明会上对问题进行回答。 西部超导材料科技股份有限公司 关于召开2025年半年度业绩说明会的公告 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、准确性和完整性依法承担法律责任。 西部超导材料科技股份有限公司（以下简称"公司"）已于2025年8月28日发布2025年半年度报告，为便 于广大投资者更全面深入地了解公司2025年半年度经营成果及财务状况，公司计划于2025年10月29日 （星期三）15:00-16:00举行2025年半年度业绩说明会，就投资者关心的问题进行交流。 三、投资者参加方 ...

证券代码：688122 证券简称：西部超导 公告编号：2025-028 西部超导材料科技股份有限公司 关于召开 2025 年半年度业绩说明会的公告 投资者问题预征集通道：https://ir.p5w.net/zj，投资者可将需要了解和 关注的问题提交至预征集通道，公司将在说明会上对问题进行回答。 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、准确性和完整性依法承担法律责任。 西部超导材料科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 28 日发布 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半 年度经营成果及财务状况，公司计划于 2025 年 10 月 29 日（星期三）15:00-16:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 一、会议基本情况 活动网址：https://ir.p5w.net 二、公司参会人员 公司总经理、董事会秘书、财务总监、证券事务代表（如有特殊情况，参会 人员可能进行调整）。 三、投资者参加方式 活动时间：2025 年 10 月 29 日（星期三）15:0 ...

Market Overview - The aviation equipment sector rose by 0.91% on October 21, with Filihua leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Performance - Filihua (300395) saw a significant increase of 14.17%, closing at 80.50 with a trading volume of 426,500 shares [1] - Other notable performers included Hangxin Technology (300424) with a 6.02% increase, and Hangyu Technology (688239) with a 4.42% increase [1] - The table below summarizes the performance of key stocks in the aviation equipment sector: | Code | Name | Closing Price | Change (%) | Volume (thousand) | |--------|--------------|---------------|------------|-------------------| | 300395 | Filihua | 80.50 | 14.17 | 426.5 | | 300424 | Hangxin Tech | 17.79 | 6.02 | 248.6 | | 688239 | Hangyu Tech | 43.67 | 4.42 | 48.3 | | 920642 | Tongyi Aerospace | 14.97 | 2.46 | 20.1 | | 002297 | Boyun New Material | 9.00 | 2.39 | 471.7 | | 603261 | *ST Lihang | 21.10 | 2.23 | 12.5 | | 300034 | Steel Research | 16.38 | 2.12 | 120.9 | | 920006 | Shengcao Technology | 27.85 | 1.94 | 11.3 | | 688287 | *ST Guandian | 4.78 | 1.92 | 14.9 | | 002625 | Guangqi Technology | 46.78 | 1.92 | 189.7 | [1] Capital Flow - The aviation equipment sector experienced a net inflow of 601 million yuan from institutional investors, while retail investors saw a net outflow of 454 million yuan [2] - The following table outlines the capital flow for key stocks: | Code | Name | Institutional Net Inflow (yuan) | Institutional Net Ratio | Retail Net Inflow (yuan) | Retail Net Ratio | |--------|--------------|----------------------------------|-------------------------|--------------------------|------------------| | 300395 | Filihua | 439 million | 13.32% | -83.56 million | -10.78% | | 688122 | Western Superconductor | 92.06 million | 7.09% | -36.26 million | -4.30% | | 300424 | Hangxin Tech | 54.02 million | 12.49% | -798,450 | -10.64% | | 600893 | Aero Engine | 47.64 million | 7.85% | 390,730 | -8.50% | | 688237 | Superlative Aerospace | 28.34 million | 18.13% | 530,500 | -21.53% | [3]

Core Viewpoint - Western Superconducting Technologies Co., Ltd. has shown significant stock performance with a year-to-date increase of 64.63%, despite a recent decline of 9.29% over the last five trading days [1] Company Overview - Western Superconducting, established on February 28, 2003, and listed on July 22, 2019, is located in Xi'an Economic and Technological Development Zone, focusing on the R&D, production, and sales of high-end titanium alloy materials, superconducting products, and high-performance high-temperature alloy materials [1] - The revenue composition of the company includes high-end titanium alloy materials (57.59%), superconducting products (29.34%), high-performance high-temperature alloy materials (9.01%), and others (4.07%) [1] Financial Performance - For the first half of 2025, Western Superconducting achieved an operating income of 2.723 billion yuan, representing a year-on-year growth of 34.76%, and a net profit attributable to shareholders of 546 million yuan, up 56.72% year-on-year [2] - The company has distributed a total of 2.179 billion yuan in dividends since its A-share listing, with 1.406 billion yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders increased by 7.91% to 26,900, with an average of 24,152 circulating shares per person, a decrease of 7.33% [2] - The top ten circulating shareholders include notable funds such as Huaxia SSE STAR 50 ETF and E Fund SSE STAR 50 ETF, with varying changes in their holdings [3]

Core Viewpoint - Western Superconducting Technologies Co., Ltd. has experienced a significant stock price fluctuation, with a year-to-date increase of 66.06% but a recent decline of 7.81% over the past five trading days [1] Financial Performance - For the first half of 2025, Western Superconducting achieved a revenue of 2.723 billion yuan, representing a year-on-year growth of 34.76%, and a net profit attributable to shareholders of 546 million yuan, up 56.72% year-on-year [2] Stock Market Activity - As of October 17, the stock price was 69.86 yuan per share, with a trading volume of 867 million yuan and a turnover rate of 1.88%, leading to a total market capitalization of 45.386 billion yuan [1] - The stock has been on the龙虎榜 (a list of stocks with significant trading activity) once this year, with the most recent appearance on October 9, where it recorded a net buy of -373 million yuan [1] Shareholder Information - As of June 30, 2025, the number of shareholders increased to 26,900, a rise of 7.91%, while the average circulating shares per person decreased by 7.33% to 24,152 shares [2] - The top ten circulating shareholders include various ETFs and investment funds, with notable changes in holdings among major shareholders [3]

Group 1 - The core viewpoint of the articles highlights the strengthening of the rare metals sector due to recent developments such as detailed export controls on rare earths, renewed tariff trade frictions, and the Federal Reserve's interest rate cuts, which collectively enhance China's position in the global rare earth market [1][2][3] - The China Rare Metals Theme Index (930632) has shown a strong upward trend, with notable increases in component stocks such as Shengxin Lithium Energy (002240) reaching a 10% limit up, and other stocks like Rongjie Co. (002192) and Tibet Mining (000762) also experiencing significant gains [1][4] - The Rare Metals ETF (561800) has seen a net inflow of funds over three out of the last five trading days, totaling 19.6353 million yuan, indicating strong investor interest [1][3] Group 2 - The investment opportunities in rare metals are particularly noteworthy, as they are crucial in high-tech fields and exhibit greater price elasticity compared to traditional industrial metals, making them more responsive to market trends [2][3] - From a microeconomic perspective, rare metals like rare earths and tungsten have seen price increases due to export controls, while lithium carbonate prices remain stable amid a tightening supply-demand balance, driven by stricter mining regulations and rising demand from lithium battery and energy storage sectors [3][4] - The top ten weighted stocks in the China Rare Metals Theme Index account for 59.91% of the index, with companies like Northern Rare Earth (600111) and Luoyang Molybdenum (603993) being significant contributors [4][6]