证券代码：688733 证券简称：壹石通 公告编号：2025-062 安徽壹石通材料科技股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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。 | 回购方案首次披露日 | 2025/9/13，由公司董事会提议 | | --- | --- | | 回购方案实施期限 | 2025 年 9 月 11 日~2026 年 9 月 10 日 | | 预计回购金额 | 3,000万元~5,500万元 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 1,729,332股 | | 累计已回购股数占总股本比例 | 0.8656% | | 累计已回购金额 | 48,842,965.42元 | | 实际回购价格区间 | 24.29元/股~34.02元/股 | 重要内容提示： 注：以上表格内容为安徽壹石通材料科技股份有限公司（以下简称"公司"）于 2025 年 9 月 13 日 ...

Core Viewpoint - The company, 壹石通 (688733.SH), has announced a share buyback program, indicating a commitment to returning value to shareholders and potentially signaling confidence in its future performance [1] Group 1: Share Buyback Details - As of November 30, 2025, the company has repurchased a total of 1.7293 million shares, which represents 0.8656% of its total share capital [1] - The highest price paid for the repurchased shares was 34.02 CNY per share, while the lowest price was 24.29 CNY per share [1] - The total amount spent on the share buyback was 48.843 million CNY, excluding transaction fees such as stamp duty and commissions [1]

Core Viewpoint - The A-share market experienced a "roller coaster" effect on November 27, 2025, with a slight increase in the Shanghai Composite Index but a decline in the Shenzhen Component and ChiNext indices, amidst decreasing trading volume over four consecutive days [1][3]. Market Trends - The market has shown a "shrinking rebound" trend for four days, with trading volume decreasing to 1.71 trillion yuan, raising concerns among investors about potential market stagnation or upcoming volatility [3][5]. - The market sentiment has cooled significantly, with the success rate of consecutive rising stocks dropping below 20%, indicating a cautious approach from active funds [3][5]. Technical Analysis - The shrinking trading volume reflects a decrease in capital participation and a strong sense of caution among investors, with the Shanghai Composite Index facing significant resistance at the 60-day moving average [5][7]. - Historical data suggests that the area above 3400 points on the Shanghai Composite Index has accumulated a considerable number of trapped positions, creating a strong resistance zone that requires substantial volume to break through [5][8]. Sector Performance - There is a noticeable shift in market focus from high-growth sectors to low-value stocks, with defensive sectors like banking, insurance, and liquor gaining traction as investors seek safety [8][10]. - The technology growth sectors, particularly semiconductors and AI, have faced significant pullbacks after substantial gains earlier in the year, leading to profit-taking behavior among investors [8][10]. Policy Impact - Recent government policies have positively influenced the pharmaceutical and medical device sectors, with expectations of continued active rebounds in certain stocks [10]. - Warnings from the Ministry of National Defense regarding Japan's stance on the Taiwan Strait have positively impacted the military industry and local stocks in Fujian [10]. Capital Flow - There is a noticeable slowdown in incremental capital, with northbound capital showing a cautious attitude and trading volumes declining [12]. - The overall market sentiment is cautious due to external uncertainties, with investors advised to maintain a 50% position and consider defensive sectors to hedge against risks [12].

Core Insights - The battery sector experienced a rise of 1.11% on the previous trading day, with Wanrun New Energy leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Battery Sector Performance - Wanrun New Energy (688275) saw a significant increase of 16.88%, closing at 91.55, with a trading volume of 159,900 shares and a transaction value of 1.412 billion yuan [1] - Hunan Youneng (301358) rose by 11.01% to close at 76.51, with a trading volume of 349,700 shares and a transaction value of 2.589 billion yuan [1] - Fengyuan Co., Ltd. (002805) increased by 10.01%, closing at 20.34, with a trading volume of 364,900 shares and a transaction value of 709 million yuan [1] - Other notable performers included Binhai Energy (000695) up 10.00%, Honggong Technology (301662) up 8.81%, and Jiao Cheng Ultrasonic (688392) up 7.66% [1] Capital Flow Analysis - The battery sector saw a net inflow of 1.23 billion yuan from main funds, while retail investors experienced a net outflow of 1.441 billion yuan [2] - The overall capital flow indicates a strong interest from institutional investors despite the outflow from retail investors [2]

证券代码：688733 证券简称：壹石通 公告编号：2025-061 安徽壹石通材料科技股份有限公司 关于回购股份事项前十名股东和前十名无限售条件 股东持股情况的公告 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。 安徽壹石通材料科技股份有限公司（以下简称"公司"）于2025年11月24 日召开第四届董事会第十五次会议，审议通过了《关于2025年第二次以集中竞 价交易方式回购公司股份方案的议案》，具体内容详见公司于2025年11月26日 在上海证券交易所网站（www.sse.com.cn）披露的《关于2025年第二次以集中 竞价交易方式回购公司股份方案的公告》及《第四届董事会第十五次会议决议 公告》。 董事会 | 序号 | 股东名称 | 持股数量 | 占公司总股本 | | --- | --- | --- | --- | | | | （股） | 比例（%） | | 1 | 蒋学鑫 | 40,760,675 | 20.40 | | 2 | 合肥国科新能股权投资管理合伙企业（有限合 伙）－新能源汽车科技创新（合肥）股权投资 合伙 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Insights - The company reported a revenue of 163 million yuan in Q3 2025, representing a year-on-year increase of 20.47% and a quarter-on-quarter increase of 7.73%. The net profit attributable to the parent company was 4 million yuan, while the net profit excluding non-recurring items was -10 million yuan [2][4]. Financial Performance - The company's gross margin was 24.4%, showing continuous improvement quarter-on-quarter. The sales expense ratio, management expense ratio, R&D expense ratio, and financial expense ratio were 2.15%, 12.69%, 11.0%, and 2.45%, respectively. The R&D expenses remain significant as the company focuses on advanced projects such as artificial synthesis of high-purity quartz sand and solid oxide fuel cells [12]. - The company recorded asset impairment and credit impairment provisions of 3 million yuan each, with other income of 12 million yuan and net investment income of 3 million yuan. The net cash outflow from operating activities was 33 million yuan, and capital expenditures were 134 million yuan, both showing increases compared to previous periods [12]. Future Outlook - The company's main business is in a bottoming-out phase, with profitability expected to gradually improve as demand expectations strengthen. The company can achieve self-supply in key powder materials, single cells, stacks, and critical components of SOFC, enabling cost reduction and ensuring quality stability [12]. - The first 8kW SOC system of the initial demonstration project has been installed and is expected to gradually commence operation in Q1 2026. The urgent demand from downstream scenarios is likely to accelerate the large-scale commercialization process [12]. - Low-alpha alumina and high-purity quartz sand are expected to gradually achieve bulk sales, fulfilling the material platform logic [12].

11月27日壹石通(688733)收盘价33.18元，收盘涨停，全天换手率10.34%，振幅19.35%，成交额6.64亿 元。科创板交易公开信息显示，当日该股因日收盘价涨幅达15%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1.54亿元， 其中，买入成交额为1.07亿 元，卖出成交额为4739.27万元，合计净买入5929.03万元。具体来看，今日上榜营业部中，第一大买入 营业部为国泰海通证券股份有限公司总部，买入金额为2453.02万元，其次是高盛(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，买入金额2311.31万元。卖出营业部中，卖出金额居首的是国泰 海通证券股份有限公司溧阳燕山中路证券营业部，卖出金额为1806.23万元。 资金流向方面，该股今日全天主力资金净流入1.47亿元。（数据宝） 壹石通11月27日龙虎榜 | 买入营业部名称 | 买入金额(万元) | | --- | --- | | 国泰海通证券股份有限公司总部 | 2453.02 | | 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 | 2311.31 | | 中信证券股份有限公司杭州凤起路证 ...

Core Viewpoint - The stock price of Anhui Yishitong Material Technology Co., Ltd. has surged, closing at 33.18 yuan per share, attributed to share buyback plans and advancements in solid oxide battery (SOC) projects [1][2] Group 1: Stock Performance and Buyback Plans - The company experienced a "20CM" limit-up in stock price on November 27, 2023, due to market confidence bolstered by share buyback announcements and SOC project developments [1] - Yishitong announced a second share buyback plan with a budget of 20 million to 45 million yuan, aimed at employee stock ownership plans or equity incentives, enhancing team cohesion and long-term competitiveness [1] - Cumulatively, the company plans to spend between 75 million to 100 million yuan on share buybacks, following a previous plan that had a budget of 30 million to 55 million yuan [1] Group 2: SOC Project Developments - The first 8kW solid oxide battery (SOC) system of the company has been installed and is currently in the debugging and optimization phase, expected to gradually commence operation in the first quarter of 2026 [2] - There is a growing demand for downstream applications, which is anticipated to accelerate the industrialization process of SOC technology [2] - The company is engaging with potential domestic and international clients, targeting markets such as combined heat and power systems for households and small industries in Europe, and focusing on thermal power plants and chemical plants in the domestic market [2]

Market Overview - The A-share market experienced a rise and subsequent decline, with the Shenzhen Component Index losing the 13,000-point mark and the ChiNext Index halting at 3,100 points, while the Shanghai Composite Index and Shanghai 50 showed slight gains [1] - The overall trading volume reached 1.72 trillion yuan, with more stocks rising than falling [1] Index Performance - Shenzhen Component Index: 12,875.19, down 0.25% [2] - Shanghai Composite Index: 3,875.26, up 0.29% [2] - ChiNext Index: 3,031.29, down 0.44% [2] - Shanghai 50: 2,972.26, up 0.02% [2] - Other indices like the CSI 300 and STAR 50 also showed slight declines [2] Sector Performance - The organic silicon, paper, solid-state battery, and consumer electronics sectors saw significant gains, while sectors such as Hainan Free Trade, film and television, cultivated diamonds, and medical services faced declines [2] - The paper industry initiated its third round of price increases, with prices for corrugated paper and kraft paper rising by approximately 50 yuan per ton, and cultural paper prices increasing by 200 yuan per ton [6] Fund Flow Analysis - The electronics sector attracted over 10.7 billion yuan in net inflows, while the communications sector saw over 4.8 billion yuan in net inflows [3] - The computer sector experienced a net outflow of over 2.2 billion yuan, with other sectors like media and transportation also seeing significant outflows [3] Future Outlook - The market is expected to continue a "technology + consumption" rotation in the coming weeks, driven by events such as Alibaba's AI computing power expansion and government consumption promotion plans [3] - Analysts suggest that the overall market is in a recovery phase, with signs of fundamental improvement from Q3 earnings reports, indicating potential for further upward movement [3] Solid-State Battery Sector - The solid-state battery sector showed strong performance, with multiple stocks hitting the daily limit of 20% increase [4][7] - The global solid-state battery market is projected to reach 1.2 trillion yuan by 2030, with significant growth expected in China's market as well [8]

Core Viewpoint - The battery sector experienced a rise of 0.61% on the previous trading day, with Huazi Technology leading the gains, while the Shanghai Composite Index closed at 3875.26, up 0.29%, and the Shenzhen Component Index closed at 12875.19, down 0.25% [1]. Group 1: Stock Performance - Huazi Technology (300490) closed at 13.02, with a significant increase of 20.00% and a trading volume of 656,600 shares, amounting to a transaction value of 797 million yuan [1]. - Yishitong (688733) also saw a 20.00% increase, closing at 33.18 with a trading volume of 206,500 shares, resulting in a transaction value of 664 million yuan [1]. - Chuzhi Xinyuan (301292) closed at 75.13, up 20.00%, with a trading volume of 339,300 shares and a transaction value of 2.352 billion yuan [1]. - Baosheng Lithium Battery (688353) increased by 15.54%, closing at 115.86 with a transaction value of 2.540 billion yuan [1]. - Penghui Energy (300438) rose by 14.64%, closing at 55.20 with a transaction value of 3.362 billion yuan [1]. Group 2: Capital Flow - The battery sector saw a net inflow of 1.064 billion yuan from main funds, while retail investors experienced a net outflow of 888 million yuan [2][3]. - The main funds showed a net inflow of 253 million yuan into Tianci Materials (002709), while retail investors had a net outflow of 1.06 billion yuan [3]. - Penghui Energy (300438) had a net inflow of 185 million yuan from main funds, but retail investors faced a net outflow of 270 million yuan [3].