证券之星消息，根据天眼查APP数据整理，近日，无锡高易昆腾创业投资合伙企业（有限合伙）成立， 法定代表人为江苏高易创业投资管理有限公司，注册资本10500万元，经营范围包含：一般项目：创业 投资（限投资未上市企业）；股权投资（除依法须经批准的项目外，凭营业执照依法自主开展经营活 动）。天眼查APP股权穿透显示，该公司由恒坤新材、蒋琳华、李桐等共同持股。 数据来源：天眼查APP 证券之星消息，根据天眼查APP数据整理，近日，无锡高易昆腾创业投资合伙企业（有限合伙）成立， 法定代表人为江苏高易创业投资管理有限公司，注册资本10500万元，经营范围包含：一般项目：创业 投资（限投资未上市企业）；股权投资（除依法须经批准的项目外，凭营业执照依法自主开展经营活 动）。天眼查APP股权穿透显示，该公司由恒坤新材、蒋琳华、李桐等共同持股。 数据来源：天眼查APP ...

科创50指数今日下跌0.89%，报收1308.37点，科创板全日成交量30.40亿股，成交额1384.58亿元，加权 平均换手率为1.58%。 证券时报·数据宝统计显示，今日可交易科创板股中，140只股收盘上涨，涨幅超过10%的有1只，涨幅 在5%至10%的有9只，收盘下跌的有446只。 科创板股换手率区间分布显示，换手率超过20%的有3只，换手率10%~20%的有12只，换手率5%~10% 的39只，换手率3%~5%的60只，换手率1%~3%的276只，换手率不足1%的有203只。 换手率最高的是航天环宇，该股今日收盘下跌3.24%，全天换手率32.10%，成交额12.11亿元，其次是恒 坤新材，该股今日收盘下跌6.66%，全天换手率25.61%，成交额6.12亿元，换手率居前的还有昀冢科 技、微导纳米、碧兴物联等，换手率分别为24.19%、16.65%、16.18%。 市场表现看，换手率超5%的个股中，今日上涨的有16只，涨幅居前的有金迪克、富淼科技、微导纳米 等，分别上涨15.93%、7.90%、7.41%。跌幅居前的有莱斯信息、昀冢科技、斯瑞新材等，分别下跌 9.85%、8.92%、7.67%。 分行 ...

- The report discusses the IPO performance in November 2025, highlighting that 11 new stocks were listed across the Shanghai, Shenzhen, and Beijing stock exchanges, raising a total of 101.88 billion yuan [2][8] - The average first-day increase for the six new stocks listed on the Shanghai and Shenzhen markets was 209%, with notable variations among individual stocks [2][11] - The report provides a detailed breakdown of the IPO performance by market segment, including the main board, STAR Market, and ChiNext, with specific examples such as Daming Electronics and Hengkun New Materials [11][14] - The report also includes a comprehensive analysis of the monthly IPO subscription returns, with A/B class accounts earning 73.17/71.87 million yuan respectively in November 2025 [14][16] - The report suggests that the "inclusion" strategy remains optimal, recommending active participation in low-priced, small-cap new stocks with high first-day increase potential, as well as large-cap stocks with significant offline allocation [15][17]

证券日报网讯12月1日，恒坤新材在互动平台回答投资者提问时表示，二级市场股票价格受众多因素影 响。 ...

买入营业部名称 买入金额(万元) 12月1日恒坤新材（688727）收盘价51.90元，收盘上涨5.47%，全天换手率33.76%，振幅9.56%，成交额 8.52亿元。科创板交易公开信息显示，当日该股因日换手率达30%等上榜。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交2.06亿元， 其中，买入成交额为8060.87 万元，卖出成交额为1.26亿元，合计净卖出4520.87万元。具体来看，今日上榜营业部中，第一大买入营 业部为高盛(中国)证券有限责任公司上海浦东新区世纪大道证券营业部，买入金额为2737.08万元，其次 是中信证券股份有限公司上海分公司，买入金额1687.83万元。卖出营业部中，卖出金额居首的是高盛 (中国)证券有限责任公司上海浦东新区世纪大道证券营业部，卖出金额为3139.98万元。 资金流向方面，该股今日全天主力资金净流入8000.22万元。（数据宝） 恒坤新材12月1日龙虎榜 | 高盛(中国)证券有限责任公司上海浦东新区世纪大道证券营业部 | 2737.08 | | --- | --- | | 中信证券股份有限公司上海分公司 | 1687.83 | | 中国国际金融股份有 ...

资金流向方面，高换手率个股中，有47股今日获主力资金净流入，净流入金额较多的有佰维存储、乐鑫 科技、仕佳光子，净流入金额分别为4.46亿元、1.49亿元、1.41亿元，净流出金额较多的有东芯股份、 阿特斯、长光华芯，净流出金额分别为5.56亿元、2.80亿元、2.22亿元。 从杠杆资金动向看，高换手个股中，共48股近期获杠杆资金净买入，统计显示，截至11月28日，近5日 融资余额增加较多的有东芯股份、德科立、腾景科技等，分别增加3.73亿元、2.98亿元、2.96亿元；融 资余额减少金额较多的有华丰科技、海博思创、禾元生物等，分别减少8831.02万元、4407.23万元、 4093.01万元。 科创50指数今日上涨0.72%，报收1336.76点，科创板全日成交量40.67亿股，成交额1895.44亿元，加权 平均换手率为2.11%。 证券时报·数据宝统计显示，今日可交易科创板股中，283只股收盘上涨，涨幅超过10%的有2只，涨幅 在5%至10%的有21只，收盘下跌的有298只，跌幅超10%的有1只。 科创板股换手率区间分布显示，换手率超过20%的有3只，换手率10%~20%的有24只，换手率5%~10% ...

- The report introduces a quantitative model for calculating IPO returns based on the formula: **Single account IPO return = min(account size, subscription limit) * winning rate * return rate** **A/B class investors full subscription return = subscription limit * A/B class offline winning rate * return rate** The winning rate considers actual offline IPO results, and the return rate is calculated using the first-day average transaction price relative to the issue price for registered IPOs, or the average transaction price on the opening day for non-registered IPOs[42][43][48] - The model evaluates IPO returns across different market segments (Main Board, ChiNext, STAR Market) and investor classes (A/B). For November 2025, the calculated IPO return rates for a 5-billion-scale account are: **Main Board:** A class: 0.037%, B class: 0.035% **ChiNext:** A class: 0.058%, B class: 0.058% **STAR Market:** A class: 0.046%, B class: 0.045%[43][44][47] - The cumulative IPO return rates for 2025 are: **A class:** 1.716% **B class:** 1.399% These values are based on a 5-billion-scale account participating in all IPOs during the year[49][50][51] - Full subscription returns for November 2025 are calculated as follows: **Main Board:** A class: 19 million yuan, B class: 17.9 million yuan **ChiNext:** A class: 31.3 million yuan, B class: 31.2 million yuan **STAR Market:** A class: 22.8 million yuan, B class: 22.6 million yuan[52][53][55]

Core Points - The STAR Market's Sci-Tech 50 Index rose by 1.25%, closing at 1327.15 points, with a total trading volume of 3.615 billion shares and a turnover of 163.773 billion yuan [1] - Among the tradable stocks on the STAR Market, 469 stocks closed higher, with 10 stocks rising over 10%, including Yongxin Zhicheng and Aerospace Hanyu hitting the daily limit [1] - The turnover rate for STAR Market stocks showed that 4 stocks had a turnover rate exceeding 20%, while 20 stocks had a turnover rate between 10% and 20% [1] Trading Performance - The highest turnover rate was recorded by Aerospace Hanyu at 36.68%, with a closing price increase of 20.00% and a trading volume of 1.226 billion yuan [1][3] - Other notable stocks included Hengkun New Materials, which closed down by 3.66% with a turnover rate of 25.69%, and Bibet, which had a turnover rate of 24.82% [1][3] - The stocks with the highest net inflow of funds included Jinghe Integrated, Wanrun New Energy, and Jinpan Technology, with net inflows of 183 million yuan, 144 million yuan, and 139 million yuan respectively [2] Sector Analysis - In terms of industry performance, the electronics sector had the most stocks with a turnover rate exceeding 5%, totaling 24 stocks, followed by the computer and power equipment sectors with 13 and 11 stocks respectively [2] - The stocks with significant net outflows included Tengjing Technology, Dongxin Co., and World, with net outflows of 208 million yuan, 201 million yuan, and 125 million yuan respectively [2] Leverage Fund Movements - A total of 33 stocks recently received net purchases from leveraged funds, with Dekeli, Aike Cyber, and Juguang Technology seeing the largest increases in financing balances of 423 million yuan, 153 million yuan, and 146 million yuan respectively [2] - Conversely, stocks like Aters, Shenkong Co., and Huafeng Technology experienced significant reductions in financing balances, decreasing by 142 million yuan, 120 million yuan, and 75.621 million yuan respectively [2]

Core Viewpoint - Hengkun New Materials (688727) experienced a significant increase in stock price, closing at 51.08 yuan, up 7.92% on November 27, with a trading volume indicating high investor interest [2][3] Trading Performance - The stock had a turnover rate of 47.15% and a price fluctuation of 16.97%, with a total transaction value of 1.218 billion yuan on the day [2] - The stock was listed on the daily trading leaderboard due to a turnover rate exceeding 30% [2] Capital Flow - The net inflow of main funds for the stock was 18.2946 million yuan on the same day [3] - The top five trading departments accounted for a total transaction value of 277.8 million yuan, with a net buying amount of 58.5343 million yuan [2][3] Major Buying and Selling Departments - The largest buying department was Goldman Sachs (China) Securities, with a purchase amount of 57.5813 million yuan, followed by Guotai Junan Securities Headquarters at 39.9719 million yuan [3] - The leading selling department was also Guotai Junan Securities Headquarters, with a selling amount of 26.9307 million yuan [3]

Market Overview - As of November 27, the Shanghai Composite Index closed at 3875.26 points, up by 11.08 points, representing a 0.29% increase [1] - The Shenzhen Component Index closed at 12875.19 points, down by 32.64 points, a decrease of 0.25% [1] - The ChiNext Index closed at 3031.30 points, down by 13.40 points, reflecting a 0.44% decline [1] Stock Performance - A total of 91 A-shares had a turnover rate exceeding 20%, with notable stocks including: - Nantong Technology (920124) with a turnover rate of 68.63% and a price increase of 183.03% [1] - Southern Network Digital (301638) with a turnover rate of 53.03% and a price increase of 2.71% [1] - Dapeng Industrial (920091) with a turnover rate of 49.59% and a price decrease of 6.22% [1] - Other significant stocks with high turnover rates include: - Hengkun New Materials (688727) at 47.15% with a price increase of 7.92% [1] - LeiKe Defense (002413) at 44.16% with a price decrease of 9.73% [1] - Xinhua Du (002264) at 43.33% with a price decrease of 1.85% [1] Notable Stocks - The following stocks also exhibited significant turnover rates: - Wanlong Optoelectronics (300710) at 41.29% with a price increase of 2.55% [1] - Qingshuiyuan (300437) at 41.08% with a price increase of 4.74% [1] - TeFa Information (000070) at 40.74% with a price increase of 3.74% [1] - Other stocks with notable performance include: - Haike New Source (301292) at 39.89% with a price increase of 20.00% [1] - Yunhan Chip City (301563) at 39.77% with a price increase of 9.09% [1] - Jiayuan Technology (301117) at 38.95% with a price decrease of 5.09% [1]