Core Points - The Shanghai Composite Index closed at 3914.01 points, above the annual line, with a gain of 0.65% [1] - The total trading volume of A-shares reached 1,889.449 billion yuan [1] - A total of 125 A-shares have surpassed the annual line, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - Notable stocks with high deviation rates include: - Guanghetong (300638) with a deviation rate of 19.10% and a daily increase of 20.01% [1] - Rongda Ganguang (300576) with a deviation rate of 10.16% and a daily increase of 17.86% [1] - Galaxy Electronics (002519) with a deviation rate of 8.67% and a daily increase of 9.92% [1] - Other stocks with lower deviation rates that just crossed the annual line include: - Suqian Liansheng, Tongyi Aerospace, and Honghui New Materials [1] Trading Data - The trading turnover rate for Guanghetong was 27.35% [1] - The trading turnover rate for Rongda Ganguang was 28.88% [1] - The trading turnover rate for Galaxy Electronics was 10.51% [1] Annual Line Data - The annual line price for Guanghetong is 27.19 yuan, with the latest price at 32.38 yuan [1] - The annual line price for Rongda Ganguang is 37.21 yuan, with the latest price at 40.99 yuan [1] - The annual line price for Galaxy Electronics is 5.20 yuan, with the latest price at 5.65 yuan [1]

Market Overview - As of 10:31 AM today, the Shanghai Composite Index is at 3897.11 points, above the annual line, with a change of 0.22% [1] - The total trading volume of A-shares today is 9264.91 billion [1] Stocks Breaking Annual Line - A total of 99 A-shares have surpassed the annual line today, with notable stocks showing significant deviation rates [1] - Stocks with the highest deviation rates include: - Guanghetong (14.08%) - Youji Co., Ltd. (8.85%) - Galaxy Electronics (8.67%) [1] Detailed Stock Performance - The following stocks have notable performance metrics: - Guanghetong: Today's change of 14.94%, turnover rate of 16.55%, annual line at 27.18, latest price at 31.01 [1] - Youji Co., Ltd.: Today's change of 13.79%, turnover rate of 4.72%, annual line at 22.51, latest price at 24.50 [1] - Galaxy Electronics: Today's change of 9.92%, turnover rate of 9.87%, annual line at 5.20, latest price at 5.65 [1] Additional Stocks with Performance Metrics - Other stocks with significant performance include: - Emei Mountain A: Change of 10.02%, turnover rate of 8.44%, annual line at 13.35, latest price at 14.16 [1] - Yuzhong Three Gorges A: Change of 6.05%, turnover rate of 4.95%, annual line at 7.47, latest price at 7.89 [1] - Guanjie Technology: Change of 6.46%, turnover rate of 1.93%, annual line at 2.67, latest price at 2.80 [1]

Group 1 - The resignation of Vice President Tian Wenquan is due to age reasons, and he will continue to serve as a secondary official within the company [2] - The resignation will not affect the normal operations of the company, and Tian Wenquan did not hold any shares in the company at the time of his resignation [2] - The board of directors has approved the appointment of Long Qiang as the new Vice President, effective from the date of the board meeting [2][5] Group 2 - The board meeting was held on November 25, 2025, with all nine directors present, and the meeting complied with relevant laws and regulations [5] - The resolution to appoint the new Vice President received unanimous approval from all attending directors [5]

Core Viewpoint - The company, Yuzhong Sanxia A, announced the appointment of Mr. Long Qiang as the new deputy general manager [1] Group 1 - The board of directors of Yuzhong Sanxia A approved the hiring of Mr. Long Qiang [1]

关于公司副总经理辞职暨聘任副总经理的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 证券代码：000565 证券简称：渝三峡 A 公告编号：2025-068 重庆三峡油漆股份有限公司 二、关于聘任副总经理的情况 一、关于公司副总经理辞职的情况 重庆三峡油漆股份有限公司（以下简称"公司"）董事会近日收到公司副总经 理田文全先生递交的书面辞职报告。田文全先生因年龄原因，申请辞去公司副总 经理职务，辞职后任公司二级专务。其辞职不会影响公司的正常运营。根据《公 司法》《公司章程》及深交所相关规定，辞职申请自辞职报告送达董事会时生效。 1 附件： 龙强先生简历 截至本公告披露日，田文全先生未持有本公司股份。公司董事会对田文全先 生任职公司副总经理期间为公司作出的贡献表示衷心感谢！ 经公司董事会提名委员会审核通过，公司 2025 年 11 月 25 日召开第十届董 事会第二十六次会议审议通过《关于聘任公司副总经理的议案》，同意聘任龙强 先生（简历附后）为公司副总经理，任期自本次董事会审议通过之日起至第十届 董事会届满之日止。 特此公告 重庆三峡油漆股份有限公司董事会 ...

证券代码：000565 证券简称：渝三峡 A 公告编号：2025-067 重庆三峡油漆股份有限公司 二、董事会会议审议情况 审议通过公司《关于聘任公司副总经理的议案》 具体详见公司同日在巨潮资讯网（http://www.cninfo.com.cn）及公司指定信 息披露报刊上披露的《关于公司副总经理辞职暨聘任副总经理的公告》（公告编 号：2025-068）。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 特此公告 重庆三峡油漆股份有限公司董事会 2025年11月26日 1 第十届董事会第二十六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 重庆三峡油漆股份有限公司（以下简称"公司"）第十届董事会第二十六次 会议于 2025 年 11 月 25 日在公司会议室以现场与通讯相结合的方式召开，本次 董事会会议通知及相关文件已于 2025 年 11 月 25 日以书面通知、电子邮件等方 式送达全体董事，经全体董事一致同意豁免了本次会议通知时间要求。本次会议 应出席董事 9 人，实际出席董事 9 人，公司高级管理人员列席了本 ...

Market Overview - On November 21, the Chongqing state-owned enterprise reform sector fell by 2.76% compared to the previous trading day, with Yuzhong Sanxia A leading the decline [1] - The Shanghai Composite Index closed at 3834.89, down 2.45%, while the Shenzhen Component Index closed at 12538.07, down 3.41% [1] Stock Performance - Notable stock performances include: - Shanghai Sanmao (600689) closed at 14.35, up 0.49% with a trading volume of 65,500 shares and a turnover of 93.68 million yuan [1] - Yuzhong Sanxia A (000565) closed at 7.15, down 6.04% with a trading volume of 214,100 shares [2] - Chongqing Port (600279) closed at 5.01, down 5.29% with a trading volume of 188,900 shares [2] Capital Flow - The Chongqing state-owned enterprise reform sector experienced a net outflow of 191 million yuan from main funds, while retail funds saw a net inflow of 119 million yuan [2] - The capital flow for individual stocks shows: - Chuan Yi Co. (603100) had a main fund net inflow of 15.78 million yuan [3] - Shanghai Sanmao (600689) had a main fund net inflow of 6.36 million yuan [3] - Chongqing Water (601158) had a main fund net inflow of 1.68 million yuan [3]

Group 1 - The company, Yuzhong Sanxia A, stated on November 20 that it does not have any undisclosed matters that should be disclosed [1]

Core Viewpoint - The stock of Chongqing Three Gorges Paint Co., Ltd. (渝三峡A) has experienced a decline in recent trading sessions despite a year-to-date increase of 44.02% [1][2]. Company Overview - Chongqing Three Gorges Paint Co., Ltd. was established on June 22, 1992, and listed on April 8, 1994. The company primarily engages in the manufacturing and sales of paint and coatings, as well as the trade of chemical products. The main revenue composition is 97.65% from coatings and 2.35% from other sources [1][2]. Financial Performance - For the period from January to September 2025, the company achieved a revenue of 287 million yuan, representing a year-on-year growth of 7.07%. The net profit attributable to the parent company was 16.49 million yuan, reflecting a year-on-year increase of 9.69% [2]. - The company has distributed a total of 184 million yuan in dividends since its listing, with 19.51 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for 渝三峡A was 53,500, a decrease of 22.91% from the previous period. The average number of circulating shares per shareholder increased by 29.71% to 8,108 shares [2]. - Notable new institutional shareholders include 博道久航混合A (008318) as the third-largest shareholder with 1.2686 million shares, 博道成长智航股票A (013641) as the fourth-largest with 928,300 shares, and 博道远航混合A (007126) as the sixth-largest with 833,100 shares [3]. Market Activity - On November 19, 渝三峡A's stock price fell by 2.02% to 7.77 yuan per share, with a trading volume of 33.96 million yuan and a turnover rate of 1.00%. The total market capitalization stood at 3.369 billion yuan [1]. - The stock has appeared on the龙虎榜 (a stock trading list) 12 times this year, with the most recent appearance on May 30, where it recorded a net buy of -24.5688 million yuan [1].

Investment Rating - The report maintains a positive outlook on the chemical industry, suggesting a focus on price increases and anti-involution products [1][5]. Core Insights - The chemical sector saw a 2.61% increase in the second week of November, outperforming the Shanghai Composite Index by 2.79 percentage points [2][13]. - Key recommended companies include those benefiting from rising lithium hexafluorophosphate prices and leading firms in the anti-involution trend [5]. Industry Performance - The chemical sector's dynamic PE ratio is 25.60, significantly above the average PE of 13.41 since 2015 [2][13]. - Among 27 sub-industries, five showed declines, with the top gainers being acrylic fiber (+15.18%) and nitrogen fertilizer (+9.19%) [3][18]. Price and Spread Trends - The top five products with the highest weekly price increases include liquid chlorine (+22.93%) and monochloromethane (+19.44%) [4][23]. - The largest price spread increases were seen in organic silicon DMC (+58.87%) and propylene (propane-based) (+45.69%) [4][44]. Inventory Changes - Significant inventory changes were noted, with polyester chips increasing by 8.93% and acetic acid by 6.69% [5][64]. Recommendations - The report suggests focusing on companies like Duofu Duo and Shenzhen New Star, which benefit from the high demand for lithium hexafluorophosphate, and Yun Tianhua, which is poised to gain from the strong phosphate chemical market [5].