Group 1 - The company, Antai Technology (000969.SZ), does not directly engage in transformer production but manufactures amorphous and nanocrystalline strip materials that possess high magnetic induction and low loss characteristics, making them suitable for transformers and solid-state transformers in emerging applications [1] - These soft magnetic materials are key to enhancing efficiency, miniaturization, and cost reduction in high-frequency power electronic equipment [1] - The chairman mentioned at the Amorphous Alliance Conference that national policies for transformer energy efficiency are being implemented, and there is strong demand and technological drive for amorphous and nanocrystalline materials due to the rapid development of new fields such as renewable energy, rail transportation, and data centers, particularly in high-frequency applications like artificial intelligence and solid-state transformers [3]

（文章来源：每日经济新闻） 安泰科技（000969.SZ）11月13日在投资者互动平台表示，固态变压器与传统变压器的应用场景不同， 其装备中的隔离变压器设计工作频率范围跨度较大，一般在600Hz-20kHz中高频之间。非晶合金带材适 合1kHz以下的工作频率，而纳米晶合金带材更适合10kHz以上的高频应用场景。公司目前具有生产新一 代高性能非晶纳米晶带材产品的能力，正在积极配合相关数据中心、新能源并网等领域开展固态变压器 新产品试制与推广工作，不过目前尚未形成营业收入。 每经AI快讯，有投资者在投资者互动平台提问：固态变压器国内国外都供不应求，请问固态変压器主 要是用到非晶带材吗？公司这方面是否布局？ ...

Core Viewpoint - Antai Technology (000969.SZ) has indicated that its amorphous strip materials can be used to manufacture amorphous transformers for supercritical generator sets, although the company has not yet engaged in any cooperative business with enterprises related to supercritical generator sets [1] Group 1 - Antai Technology produces amorphous strip materials [1] - The amorphous transformers made from these materials are applicable in supercritical generator sets [1] - Currently, Antai Technology has not established direct cooperation with companies in the supercritical generator set sector [1]

格隆汇11月13日丨安泰科技(000969.SZ)在互动平台表示，公司生产的非晶、纳米晶带材是兼具高磁 感、低损耗特性的软磁材料，可以应用于变压器、固态变压器等高频电能变换电力电子装备等新兴应用 场景，是促进其高效化、小型轻量化和低成本化的关键材料。但公司目前没有涉及变压器及固态变压器 企业。 ...

格隆汇11月13日丨安泰科技(000969.SZ)在互动平台表示，公司目前没有直接涉及变压器生产，但公司 生产的非晶、纳米晶带材是兼具高磁感、低损耗特性的软磁材料，可以应用于变压器、固态变压器等高 频电能变换电力电子装备等新兴应用场景，是促进其高效化、小型轻量化和低成本化的关键材料。 ...

11月13日，安泰科技涨5.4%，截至发稿，报20.29元/股，成交11.31亿元，换手率5.55%，总市值213.19 亿元。 资料显示，安泰科技股份有限公司位于北京市海淀区学院南路76号，成立日期1998年12月30日，上市日 期2000年5月29日，公司主营业务涉及以先进金属新材料及制品的研发和生产销售为主业。主营业务收 入构成为：先进功能材料及器件38.53%，特种粉末冶金材料及制品36.75%，高品质特钢及焊接材料 24.71%。 从安泰科技十大流通股东角度 数据显示，华夏基金旗下1只基金位居安泰科技十大流通股东。华夏中证1000ETF（159845）三季度减 持5700股，持有股数399.71万股，占流通股的比例为0.39%。根据测算，今日浮盈赚取约415.7万元。 华夏中证1000ETF（159845）基金经理为赵宗庭。 截至发稿，赵宗庭累计任职时间8年213天，现任基金资产总规模3558.65亿元，任职期间最佳基金回报 127.56%， 任职期间最差基金回报-32.63%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、 ...

New Stock Issuance - The stock code 300277 (Hai Lian Xun) has a subscription period for acquisition rights from November 12 to November 18, 2025[1] - Stock code 688353 (Hua Sheng Lithium) reported severe abnormal fluctuations on November 11, 2025[1] - Stock code 603122 (He Fu China) has an announcement dated November 8, 2025[1] Trading Alerts - Stock code 601888 (China Zhong Mian) has an announcement dated November 12, 2025[1] - Stock code 600537 (Yi Jing Guang Dian) has an announcement dated November 12, 2025[1] - Stock code 688028 (Wo Er De) has an announcement dated November 12, 2025[1] Abnormal Fluctuations - Stock code 600815 (Xia Gong Co.) reported abnormal fluctuations on November 6, 2025[2] - Stock code 603557 (ST Qi Bu) reported abnormal fluctuations on November 7, 2025[3] - Stock code 002478 (Chang Bao Co.) reported abnormal fluctuations on November 7, 2025[3]

Group 1 - The superconducting concept sector declined by 2.92%, ranking among the top declines in the concept sector, with major declines seen in companies like Guolai Detection, Bofei Electric, and Yongding Co., while only two stocks saw price increases, namely Zhongfu Industrial and Wandong Medical, which rose by 2.17% and 0.69% respectively [1][2] - The main funds in the superconducting concept sector experienced a net outflow of 1.942 billion yuan, with 23 stocks seeing net outflows, and five stocks having outflows exceeding 100 million yuan. Yongding Co. had the highest net outflow at 417 million yuan, followed by Xibu Superconductor, Wol Electric Material, and Antai Technology with net outflows of 333 million yuan, 294 million yuan, and 213 million yuan respectively [2][3] - The top stocks with net inflows in the superconducting concept sector included Zhongfu Industrial and Wandong Medical, with net inflows of 22.24 million yuan and 6.84 million yuan respectively [2][3] Group 2 - The top gainers in today's concept sectors included cell immunotherapy at 2.20%, combustible ice at 1.81%, and monkeypox concept at 1.57%, while the top decliners included cultivated diamonds at -4.21% and superconducting concept at -2.92% [2] - The outflow ranking for the superconducting concept included Yongding Co. at -6.39%, Xibu Superconductor at -4.59%, and Wol Electric Material at -4.57%, indicating significant selling pressure on these stocks [3]

Core Viewpoint - Antai Technology's net profit attributable to shareholders for the first three quarters of 2025 is 282 million yuan, a year-on-year decrease of 17.19%, while the net profit for Q3 is 94 million yuan, showing a year-on-year increase of 58.31% [1] Financial Performance - The company's Q3 performance is stable, indicating potential growth in emerging businesses such as controlled nuclear fusion [1] - The net profit for Q3 2025 is 94 million yuan, reflecting a significant year-on-year growth of 58.31% [1] Business Strategy - The company actively participates in controlled nuclear fusion, aiming to create a new growth curve [1] - As a leading enterprise in advanced metal new materials in China, the company focuses on two core industries: "refractory tungsten and molybdenum" and "rare earth permanent magnets" [1] - The company is also strategically expanding into special powders and controlled nuclear fusion, positioning itself to benefit from downstream demand growth in the future [1] Investment Rating - The company maintains a "buy" rating based on its growth prospects and strategic positioning in emerging industries [1]

Group 1 - The A-share market saw a surge in stocks related to controllable nuclear fusion, with Guoguang Electric rising over 11% [1] - China Nuclear Engineering and Yongding Co. both increased by more than 7%, while Hahai Huaton rose over 5% [1] - Other notable gainers included Yingjie Electric, Changfu Co., Antai Technology, and Rongfa Nuclear Power, all of which saw increases of over 3% [1] Group 2 - Guoguang Electric's market capitalization reached 11.9 billion, with a year-to-date increase of 132.41% [2] - China Nuclear Engineering's market cap was 42.3 billion, with a year-to-date increase of 56.81% [2] - Yongding Co. had a market cap of 21.9 billion, with a year-to-date increase of 203.99% [2]