New Stock Issuance - Marco Polo (Stock Code: 001386) issued at a price of 13.75 on October 13, 2025[1] - New material company (Stock Code: 688585) has a tender offer period from September 29 to October 28, 2025[1] - Zitian (Stock Code: 300280) entered the delisting arrangement period with the last trading day on October 13, 2025[1] Market Alerts - Significant abnormal fluctuations reported for Pinming Technology (Stock Code: 688109) on October 10, 2025[1] - Multiple companies including Kesheng Technology (Stock Code: 688788) and Borui Pharmaceutical (Stock Code: 688166) have recent announcements regarding their stock activities[1] - A total of 30 companies have been flagged for abnormal trading activities, indicating potential market volatility[2]

Core Viewpoint - The reducer concept sector experienced a decline of 2.01%, ranking among the top losers in the market, with notable declines in stocks such as Siling Co., Zhejiang Rongtai, and Mingzhi Electric [1][2]. Market Performance - The top-performing concept sectors today included Rare Earth Permanent Magnets with a rise of 6.92%, and Military Equipment Restructuring Concept with an increase of 3.51%, while the reducer sector fell by 2.01% [2]. - The reducer concept sector saw a net outflow of 3.36 billion yuan, with 87 stocks experiencing net outflows, and 8 stocks seeing outflows exceeding 100 million yuan [2]. Notable Stocks - The stocks with the largest net outflows in the reducer sector included: - Shanzi Gaoke with a net outflow of 793.49 million yuan and a decline of 4.86% - Lingyi Zhi Zao with a net outflow of 454.56 million yuan and a decline of 4.61% - Changying Precision with a net outflow of 420.80 million yuan and a decline of 2.86% [2][3]. - Conversely, the stocks with the largest net inflows included: - Inner Mongolia Yijian with a net inflow of 121 million yuan and an increase of 7.85% - Meilixin with a net inflow of 88.12 million yuan and an increase of 7.30% - Yingluohua with a net inflow of 78.45 million yuan and an increase of 6.82% [5].

Group 1 - The trading volume of Shanzi Gaoke reached 10.128 billion RMB, surpassing the previous day's total of 5.451 billion RMB [1] - The latest stock price of Shanzi Gaoke decreased by 0.86%, with a turnover rate of 22.61% [1] - Shanzi Gaoke was established on August 31, 1998, with a registered capital of 999.7470888 million RMB [1]

Core Viewpoint - A new company, Zhejiang Shanzi Superlight Auto Parts Co., Ltd., has been established with a registered capital of 10 million yuan, focusing on automotive parts development and sales, including components for new energy vehicles [1] Company Summary - Zhejiang Shanzi Superlight Auto Parts Co., Ltd. was recently founded with a registered capital of 10 million yuan [1] - The company is involved in the research and development of automotive parts, wholesale of auto parts, sales of new energy vehicle electrical accessories, and battery sales [1] - The company is wholly owned by Shanzi High-Tech (000981) through indirect holdings [1]

Core Viewpoint - The company Sanzi Gaoke (000981) announced on October 9 that there are no significant changes expected in its operational situation or external business environment, despite recent stock trading fluctuations [1] Summary by Relevant Sections - **Operational Situation** - The company confirmed that its operational situation remains stable and there are no anticipated major changes [1] - **Disclosure of Information** - The company, its controlling shareholders, and actual controllers have stated that there are no undisclosed significant matters related to the company, nor are there any major matters in the planning stage [1] - **Stock Trading Activity** - During the period of unusual stock fluctuations, the controlling shareholders and actual controllers did not engage in buying or selling the company's stock [1]

股票简称：山子高科 股票代码：000981 公告编号：2025-066 山子高科技股份有限公司 股票交易异常波动公告 本公司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、股票交易异常波动情况 山子高科技股份有限公司（以下简称"公司"或"山子高科"，股票简称：山子高科， 股票代码：000981）股票连续三个交易日（2025 年 9 月 29 日、9 月 30 日、10 月 9 日）收 盘价格涨幅偏离值累计超过 20%，根据深圳证券交易所的相关规定，属于股票交易异常波 动的情形。 二、公司关注并核实的相关情况 针对本次公司股价异常波动，经公司董事会关注、征询、自查并核实： 1、公司已披露的信息不存在需要补充、更正之处。 2、近期，公司不存在公共传媒报道了可能或已经对公司股票交易价格产生较大影响 的未公开重大信息，且公司不存在前期披露信息需要更正、补充之处。 3、近期，公司经营情况及内外部经营环境不存在或预计将要发生重大变化。 4、公司、控股股东和实际控制人不存在关于本公司的应披露而未披露的重大事项， 或处于筹划阶段的重大事项，以及股票异常波动期间控股股东、实际控制人 ...

Core Viewpoint - The stock of Shanzi Gaoke has experienced significant trading activity, with a notable increase in price and substantial net buying from institutional investors and the Shenzhen Stock Connect [2][3]. Trading Activity - Shanzi Gaoke's stock reached the daily limit, with a turnover rate of 12.65% and a total transaction value of 5.451 billion yuan, showing a price fluctuation of 9.65% [2]. - Institutional investors net bought 81.59 million yuan, while the Shenzhen Stock Connect recorded a net purchase of 87.63 million yuan [2]. - The stock was listed on the daily trading board due to a price deviation of 8.79% [2]. Market Dynamics - The top five trading departments accounted for a total transaction value of 1.16 billion yuan, with a net selling amount of 31.44 million yuan [2]. - Among the trading departments, one institutional seat was noted, with a net purchase of 81.59 million yuan, while the Shenzhen Stock Connect was the largest buying and selling department [2]. Historical Performance - Over the past six months, Shanzi Gaoke has appeared on the trading board 14 times, with an average price increase of 3.69% the day after being listed and a 10.00% increase over the following five days [3]. - Today, the stock saw a net outflow of 153 million yuan in principal funds, with a significant outflow of 257 million yuan from large orders, while smaller orders saw a net inflow of 104 million yuan [3].

Core Viewpoint - The market experienced significant activity with 88 stocks hitting the daily limit up, indicating strong investor interest and momentum in certain sectors [1] Group 1: Market Performance - A total of 88 stocks reached the daily limit up, with 9 stocks achieving consecutive limit ups [1] - 34 stocks attempted to hit the limit but failed, resulting in a sealing rate of 72% (excluding ST and delisted stocks) [1] Group 2: Focus Stocks - Low-priced stock Shanzi Gaoke achieved 9 consecutive limit ups over 14 days [1] - Tianji Co., involved in the lithium battery sector, recorded 4 consecutive limit ups [1] - The non-ferrous metal sector showed strong performance, with Jingyi Co. achieving 5 limit ups in 6 days [1] - The controlled nuclear fusion concept stock Gonguan Intelligent reached 3 limit ups in 5 days [1]

Core Viewpoint - The market focus is on several stocks showing significant price movements, particularly in the biotechnology and semiconductor sectors, indicating investor interest and potential growth opportunities [1] Group 1: Biotechnology Sector - Bluefeng Biochemical (蓝丰生化) has reached a trading limit up, marking its seventh consecutive increase [1] Group 2: Semiconductor Sector - Shanzi Gaoke (山子高科) opened high at 5.19%, achieving its eighth increase over 13 days [1] - Huajian Group (华建集团), a Shanghai microelectronics concept stock, opened high at 1.08%, marking its eighth increase over 14 days [1] Group 3: Non-ferrous Metals Sector - Jingyi Co., Ltd. (精艺股份) opened high at 7.93%, achieving its fourth increase over five days [1] - Boqian New Materials (博迁新材) opened low at 0.66%, indicating a potential decline after its second increase [1] Group 4: Lithium Battery Sector - Tianji Co., Ltd. (天际股份) opened high at 3.45%, marking its third increase [1]

Core Viewpoint - The stock market showed positive movement on September 30, with the Shanghai Composite Index rising by 0.52% to 3882 points, and the Shenzhen Component Index increasing by 0.35%, while the ChiNext Index remained flat. Market focus was on storage chips, lithium mines, small metals, and non-ferrous sectors [1]. Group 1: Market Performance - The high-performing stocks included Bluefeng Biochemical with a seven-day consecutive rise, and Shanzi Gaoke with eight rises in thirteen days, indicating strong interest in low-priced stocks combined with chip concepts [3]. - The non-ferrous metal sector was robust, with Jingyi Co. achieving four rises in five days and Boqian New Materials recording two consecutive rises [3]. Group 2: Top Net Buy and Sell Stocks - The top three net buying stocks on the daily leaderboard were Guosheng Jinkong, Duofluo, and Shengtun Mining, with net purchases of 313 million, 282 million, and 213 million respectively [4]. - The top three net selling stocks were Huagong Technology, Jiangbolong, and Boliang Optoelectronics, with net sales of 1.543 billion, 234 million, and 156 million respectively [4]. Group 3: Key Individual Stocks - Jingyi Co. reported a trading halt with a turnover rate of 25.07% and a transaction volume of 900 million, with institutional net purchases of 9.9051 million [5]. - Guosheng Jinkong achieved a trading halt with a turnover rate of 13.67% and a transaction volume of 5.373 billion, with institutional net purchases of 39.3851 million [7]. - Jiangbolong saw a trading halt with a turnover rate of 9.44% and a transaction volume of 4.427 billion, with institutional net purchases of 73.336 million [11]. Group 4: Institutional Activity - Institutional net buying in stocks involving specialized seats included Duofluo, Huijin Co., and Tianji Co., with net purchases of 332 million, 223 million, and 7.7528 million respectively [4]. - Institutional net selling in stocks involving specialized seats included Huagong Technology, Chuling Information, and Jingxing Paper, with net sales of 726 million, 58.668 million, and 55.596 million respectively [4]. Group 5: Retail Investor Movements - Retail investor movements showed significant net buying in stocks like Shanzi Gaoke and Tianji Co., with net purchases of 858.4 million and 493.9 million respectively [14]. - Notable net selling by retail investors included stocks like Jiangbolong and Guosheng Jinkong, with net sales of 1.153 billion and 776.1 million respectively [14].