Core Insights - The total margin financing balance on the STAR Market decreased by 0.87 billion yuan to 258.26 billion yuan as of November 12, marking a continuous decline for four trading days [1][2] - The highest margin financing balance is held by Cambrian, with a balance of 14.645 billion yuan, followed by SMIC and Haiguang Information with balances of 13.756 billion yuan and 8.060 billion yuan respectively [1][2] - In terms of margin trading, 234 stocks saw an increase in financing balance, while 352 stocks experienced a decrease [1][2] Margin Financing Summary - The total margin financing balance is 258.26 billion yuan, down by 0.87 billion yuan from the previous trading day [1] - The highest margin financing stocks include: - Cambrian: 14.645 billion yuan - SMIC: 13.756 billion yuan - Haiguang Information: 8.060 billion yuan [1] - Notable increases in financing balance: - Magv Technology: +41.85% - Jindike: +34.50% - Yuanjie Technology: +20.74% [1][2] - Significant decreases in financing balance: - Wanrun New Energy: -25.13% - Elon Technology: -17.69% - XGIMI Technology: -15.33% [1][2] Margin Short Selling Summary - The total margin short selling balance is 0.899 billion yuan, down by 19.8591 million yuan from the previous trading day [1][2] - The highest margin short selling stocks include: - Haiguang Information: 0.039 billion yuan - Cambrian: 0.031 billion yuan - SMIC: 0.028 billion yuan [2] - Notable increases in short selling balance: - Foxit Software: +177.52% - Yirui Technology: +149.76% - Weimaisi: +76.58% [2] - Significant decreases in short selling balance: - Chengdu Xian Dao: -74.75% - Zhenhua Wind Power: -58.62% - Liyuanheng: -58.37% [2]

Market Performance - The Sci-Tech Innovation Board (STAR Market) index fell by 0.58%, closing at 1379.45 points, with a total trading volume of 4.193 billion shares and a turnover of 181.687 billion yuan, resulting in an average turnover rate of 2.19% [1] - Among the tradable stocks on the STAR Market, 188 stocks closed higher, with 3 stocks rising over 10% and 9 stocks rising between 5% and 10%. Conversely, 396 stocks closed lower, with 7 stocks declining over 10% [1] Turnover Rate Analysis - The turnover rate distribution shows that 3 stocks had a turnover rate exceeding 20%, 14 stocks had a turnover rate between 10% and 20%, and 45 stocks had a turnover rate between 5% and 10% [1] - The highest turnover rate was recorded by Magu Technology at 30.12%, closing up by 5.39%, with a transaction amount of 670 million yuan. He Yuan Biological followed with a turnover rate of 27.54%, closing up by 2.90%, with a transaction amount of 990 million yuan [1][3] Stock Performance - In terms of stock performance, among the stocks with a turnover rate exceeding 5%, 27 stocks rose today, with the highest increases seen in Dekoli (up 11.93%), Ruikeda (up 11.00%), and Yingfang Software (up 8.61%). Conversely, the largest declines were in Artis (down 14.33%), Lais Information (down 12.20%), and World (down 11.12%) [2] - The electronic industry had the most stocks with a turnover rate exceeding 5%, totaling 18 stocks, followed by the power equipment and pharmaceutical sectors with 14 and 9 stocks, respectively [2] Capital Flow - Among the high turnover stocks, 30 stocks experienced net inflows of main funds, with the largest inflows in Shijia Photon (188 million yuan), Baijishenzhou (178 million yuan), and Dekoli (151 million yuan). In contrast, Tianhe Energy, Jinpan Technology, and Artis saw the largest net outflows, totaling 445 million yuan, 180 million yuan, and 163 million yuan, respectively [2] - Recent leverage fund movements indicate that 46 stocks received net purchases of leveraged funds, with the largest increases in financing balances for Artis (552 million yuan), Purun Shares (289 million yuan), and Jinpan Technology (267 million yuan). Conversely, the largest decreases were seen in Jiehuate, Foxit Software, and Xinxiangwei, with reductions of 183 million yuan, 177 million yuan, and 166 million yuan, respectively [2]

Group 1 - The core viewpoint of the news is that Magv Technology's stock has increased by 5.17%, reaching a price of 47.20 yuan per share, with a trading volume of 286 million yuan and a turnover rate of 13.05%, resulting in a total market capitalization of 3.382 billion yuan [1] - Magv Technology, established on September 22, 2006, and listed on September 21, 2022, is based in Jiangning District, Nanjing, Jiangsu Province. The company specializes in the research, production, and sales of magnetic suspension fluid machinery, magnetic suspension bearings, high-speed motors, and high-speed drives [1] - The main revenue composition of Magv Technology includes 84.85% from magnetic suspension air products, 10.75% from other products, 4.32% from magnetic suspension special media products, and 0.09% from contract energy management [1] Group 2 - Among the top circulating shareholders of Magv Technology, the Agricultural Bank of China Huiri Fund has a fund that entered the top ten circulating shareholders, holding 1.1115 million shares, which accounts for 2.32% of the circulating shares. The estimated floating profit today is approximately 2.5787 million yuan [2] - The Agricultural Bank of China Huiri New Energy Mixed A Fund (002190) was established on March 29, 2016, with a latest scale of 8.786 billion yuan. Year-to-date returns are 34.48%, ranking 2359 out of 8147 in its category; the one-year return is 19.48%, ranking 3447 out of 8056; and since inception, the return is 200.27% [2] Group 3 - The fund managers of Agricultural Bank of China Huiri New Energy Mixed A Fund are Zuo Tengfei and Xing Junliang. As of the report, Zuo Tengfei has a cumulative tenure of 1 year and 281 days, with a total fund asset size of 8.856 billion yuan, achieving a best fund return of 55.13% and a worst return of 54.05% during his tenure [3] - Xing Junliang has a cumulative tenure of 4 years and 122 days, with a total fund asset size of 9.571 billion yuan, achieving a best fund return of 46.09% and a worst return of -34.63% during his tenure [3]

Core Viewpoint - The announcement details a significant change in the shareholding of Nanjing Mag Valley Technology Co., Ltd., specifically regarding a reduction in shares held by a major shareholder, Xu Longxiang, which has triggered a 1% threshold change in ownership percentage [1][2]. Group 1: Shareholder Information - Xu Longxiang, a shareholder holding more than 5% of the company's shares, has confirmed the accuracy and completeness of the information provided regarding his shareholding changes [1]. - The company’s board of directors guarantees that the announcement content aligns with the information disclosed by the shareholder [1]. Group 2: Equity Change Details - From May 14, 2025, to November 11, 2025, Xu Longxiang reduced his holdings by 681,700 shares, decreasing his total shareholding from 4,823,500 shares to 4,141,800 shares, which represents a drop in ownership from 6.73% to 5.78% of the total share capital [2]. - The shares sold were sourced from the shares held prior to the company's initial public offering [2]. - The equity change does not involve any restrictions on voting rights or transfer limitations [2]. Group 3: Regulatory Compliance - The equity change is part of a previously disclosed share reduction plan and does not trigger a mandatory tender offer or involve any funding sources [3]. - This change will not alter the company's controlling shareholder or actual controller [3]. - The equity change complies with relevant laws and regulations, including the Securities Law of the People's Republic of China and the Management Measures for the Acquisition of Listed Companies [3][4].

Group 1 - The closing price of Magu Technology (688448) on November 11 was 44.88 yuan, reaching the daily limit with a trading volume of 5.05 billion yuan and a turnover rate of 25.07% [2] - The stock was listed on the trading board due to a price increase of 15% at the close [2] - The top five trading departments accounted for a total transaction amount of 203 million yuan, with a net sell of 11.01 million yuan [2] Group 2 - The main capital inflow for the stock was 43.69 million yuan throughout the day [3] - The largest buying department was UBS Securities with a purchase amount of 25.19 million yuan, followed by Goldman Sachs with 22.01 million yuan [3] - The largest selling department was an institutional proprietary seat, selling 49.96 million yuan [3]

Core Viewpoint - The company, Mag Valley Technology (688448.SH), reported a significant change in shareholding by a major shareholder, Xu Longxiang, who reduced his stake in the company, impacting the overall share distribution [1] Shareholding Changes - Xu Longxiang, a shareholder holding more than 5% of the company's shares, notified the company of a reduction in his holdings from 482.35 million shares to 414.18 million shares [1] - This reduction amounts to a total of 681,700 shares sold through centralized bidding and block trading from May 14, 2025, to November 11, 2025 [1] - The percentage of total shareholding decreased from 6.73% to 5.78%, indicating a change that touches the 1% threshold [1]

持股 5%以上股东徐龙祥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。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 证券代码：688448 证券简称：磁谷科技 公告编号：2025-042 南京磁谷科技股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的提示性 公告 2、本次权益变动所涉及股份均享有表决权，不存在表决权委托或受限等任何权利限制 或限制转让的情况； 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 | | □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 | | --- | --- | | 投资者及其一致行动人的身份 | □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 / | 2.信息披露义务人信息 | 信息披露义务人名称 | | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | --- | | 徐龙祥 | □ | 控股股东/实控人 | | | | □ | 控股股东/实控人的一致 | □ _____________ ...

Market Overview - The Sci-Tech Innovation Board (STAR Market) index fell by 1.42%, closing at 1387.53 points, with a total trading volume of 4.281 billion shares and a turnover of 193.197 billion yuan, resulting in an average turnover rate of 2.24% [1] - Among the tradable stocks on the STAR Market, 230 stocks closed higher, with 11 stocks rising over 10%, including ShenGong Co., Mag Valley Technology, and Shangwei New Materials, which hit the daily limit [1] Trading Activity - The highest turnover rates were observed in He Yuan Biological, which closed down 8.02% with a turnover rate of 26.26%, and Xi'an Yicai, which closed down 1.48% with a turnover rate of 25.49% [1] - A total of 41 stocks with a turnover rate exceeding 5% saw price increases, while the largest declines were in Pu Ran Co., He Yuan Biological, and Tengjing Technology, which fell by 9.33%, 8.02%, and 7.99% respectively [1][2] Sector Performance - The electronics sector had the highest number of stocks with a turnover rate exceeding 5%, totaling 23 stocks, followed by the power equipment and computer sectors with 18 and 10 stocks respectively [2] - In terms of capital flow, 41 stocks with high turnover rates experienced net inflows from main funds, with the highest net inflows recorded for Baiwei Storage, Atas, and Huicheng Co., amounting to 281 million yuan, 196 million yuan, and 128 million yuan respectively [2] Leverage Fund Movements - A total of 50 stocks with high turnover rates received net purchases from leveraged funds, with significant increases in financing balances for Atas, Jinpan Technology, and Tengjing Technology, which rose by 614 million yuan, 228 million yuan, and 215 million yuan respectively [2] Notable Stocks - Key stocks with high turnover rates included He Yuan Biological, Xi'an Yicai, and Mag Valley Technology, with respective turnover rates of 26.26%, 25.49%, and 25.07% [3][4] - Stocks such as ShenGong Co. and Mag Valley Technology achieved daily limit increases of 20% [3]

Core Points - The Shanghai Composite Index closed at 4002.76 points, above the six-month moving average, with a decline of 0.39% [1] - The total trading volume of A-shares reached 201.39 billion yuan [1] - A total of 120 A-shares have surpassed the six-month moving average, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - Notable stocks with high deviation rates include Zhu Laoliu (25.66%), Magu Technology (16.63%), and Visionox (9.39%) [1] - Stocks with lower deviation rates that just crossed the six-month line include Yutong Heavy Industries, Xuantai Pharmaceutical, and Meikang Biology [1] Deviation Rate Rankings - The top three stocks with the highest deviation rates are: - Zhu Laoliu: 29.97% increase, trading at 26.15 yuan, with a deviation rate of 25.66% [1] - Magu Technology: 20.00% increase, trading at 44.88 yuan, with a deviation rate of 16.63% [1] - Visionox: 9.98% increase, trading at 10.25 yuan, with a deviation rate of 9.39% [1] Additional Stock Data - Other notable stocks with significant performance include: - United Chemical: 10.74% increase, trading at 101.66 yuan, with a deviation rate of 8.02% [1] - Jiangtian Chemical: 7.88% increase, trading at 30.95 yuan, with a deviation rate of 7.78% [1] - Hanyu Group: 10.88% increase, trading at 16.31 yuan, with a deviation rate of 7.11% [1]

Market Overview - The Shanghai Composite Index closed at 4003.17 points, above the five-day moving average, with a decline of 0.38% [1] - The total trading volume of A-shares reached 12,680.08 million yuan [1] Stocks Performance - A total of 516 A-shares broke through the five-day moving average today [1] - Notable stocks with significant deviation rates include: - Magu Technology (688448) with a deviation rate of 8.88% and a daily increase of 14.44% [1] - Kuake Electronics (301278) with a deviation rate of 8.40% and a daily increase of 12.17% [1] - Delong Huineng (000593) with a deviation rate of 8.11% and a daily increase of 10.04% [1] - Other stocks with smaller deviation rates include: - East Asia Pharmaceutical (small deviation rate, just above the five-day moving average) [1] Detailed Stock Data - The following table summarizes the stocks that broke through the five-day moving average with their respective performance metrics: - Magu Technology: Latest price 42.80 yuan, five-day moving average 39.31 yuan, turnover rate 16.92% [1] - Kuake Electronics: Latest price 41.03 yuan, five-day moving average 37.85 yuan, turnover rate 15.68% [1] - Delong Huineng: Latest price 10.96 yuan, five-day moving average 10.14 yuan, turnover rate 5.60% [1] - Additional stocks with notable performance include: - Agricultural Products (000061) with a daily increase of 9.99% and a deviation rate of 7.83% [1] - Victory Shares (000407) with a daily increase of 10.05% and a deviation rate of 7.83% [1]