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].

Market Overview - On September 30, the Shanghai Composite Index rose by 0.52% to 3882 points, while the Shenzhen Component Index increased by 0.35%, and the ChiNext Index remained flat. Market focus was on storage chips, lithium mines, small metals, and non-ferrous sectors [1] Stock Performance - Notable stocks included: - Songyuan Safety (300893) with a 20.00% increase, closing at 39.90, driven by automotive safety and seatbelt leadership [2] - Guolin Technology (300786) also rose by 20.00% to 19.86, linked to significant asset restructuring [2] - New Electric Power (300593) surged 20.00% to 22.44, associated with satellite power and military applications [2] - Star徽股份 (300464) increased by 20.00% to 7.74, focusing on precision hardware and cross-border e-commerce [2] - Fulin Precision (300432) rose by 19.98% to 22.22, benefiting from investment from CATL in lithium iron phosphate [2] Trading Insights - The top net buying stocks on the day included: - Guosheng Financial Holdings with a net purchase of 3.13 billion [4] - Duofluor (002407) with a net purchase of 2.82 billion [5] - Shenzhou Technology (300593) with a net purchase of 2.08 billion [5] - Conversely, the top net selling stocks were: - Huagong Technology (000988) with a net sale of 15.43 billion [6] - Jiangbolong (301308) with a net sale of 2.34 billion [6] - Wavelength Optoelectronics (301421) with a net sale of 1.56 billion [6] Sector Highlights - The non-ferrous metal sector showed strong performance, with stocks like Jingyi Co. (300235) and Boguang New Materials (300699) experiencing significant gains [3] - The storage chip sector also attracted attention, with multiple stocks hitting their daily limits [3] Company Developments - Guosheng Financial Holdings reported a 32.10% year-on-year increase in total revenue for the first half of the year, reaching 1.136 billion, with a net profit of 209 million, up 36% [15] - The company plans to focus on its core securities business by disposing of non-core assets [15][16] - Songyuan Safety is recognized as one of the top ten copper pipe manufacturers in China, with projected revenue growth of 38.43% for 2024 [11]

Group 1 - A-shares indices collectively rose on September 30, with most industry sectors experiencing gains, particularly in energy metals, storage chips, lithium mining, semiconductors, and battery sectors [1] - The main funds saw a net outflow of 32.79 billion yuan across the Shanghai and Shenzhen markets, with only the retail trade and defense industries showing net inflows of 1.52 billion yuan and 1.01 billion yuan, respectively [1] - Among the 29 industries with net outflows, non-bank financial and telecommunications sectors had the largest outflows, each exceeding 5 billion yuan [1] Group 2 - Nine stocks saw net inflows exceeding 500 million yuan, with GoerTek leading at 970 million yuan, attributed to advancements in AI glasses technology [2][3] - Shanzi Gaoke followed with a net inflow of 755 million yuan, as the company announced progress in debt restructuring involving a payment of 33 million euros to a banking syndicate [2] - A total of 51 stocks experienced net outflows exceeding 200 million yuan, with Lingyi Technology, New Yisheng, and Dongfang Wealth among those with outflows exceeding 1.1 billion yuan [4][5] Group 3 - Tail-end trading saw a net outflow of 2.873 billion yuan, with electronic and environmental sectors attracting over 200 million yuan in net inflows [6] - GoerTek and Guoguang Electric were among the stocks with significant tail-end net inflows, each exceeding 100 million yuan [6][7] - Conversely, Tianqi Materials and Sunshine Power experienced net outflows exceeding 200 million yuan during the tail-end trading [8]

Core Insights - The stock of Shanzi Gaoke reached its daily limit, with a turnover rate of 15.84% and a transaction volume of 6.293 billion yuan, showing a price fluctuation of 7.07% [2] - The stock was listed on the Dragon and Tiger list due to a price deviation of 9.56%, with net selling from the Shenzhen Stock Connect amounting to 23.9473 million yuan [2] - Over the past six months, the stock has appeared on the Dragon and Tiger list 13 times, with an average price increase of 3.17% the day after being listed and an average increase of 8.18% over the following five days [2] Trading Data - The top five trading departments accounted for a total transaction volume of 1.26 billion yuan, with a buying amount of 656 million yuan and a selling amount of 604 million yuan, resulting in a net buying of 51.7177 million yuan [2] - The main capital flow showed a net inflow of 789 million yuan, with a significant single net inflow of 933 million yuan, while large single funds experienced a net outflow of 143 million yuan [2] - In the last five days, the main capital net inflow was 732 million yuan [2] Specific Trading Departments - The top buying department was the Shenzhen Stock Connect, with a buying amount of 24.38655 million yuan and a selling amount of 26.78129 million yuan, resulting in a net selling of 2.39473 million yuan [2] - Other notable buying departments included Guosheng Securities and Guotai Junan Securities, with significant buying and selling amounts [2]

Market Overview - The automotive parts sector experienced a slight decline of 0.14% on September 30, with ST Meichen leading the drop [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] Stock Performance - Notable gainers in the automotive parts sector included: - N Ruili (Code: 001285) with a closing price of 63.39, up 49.93% and a trading volume of 273,800 shares, totaling 1.888 billion yuan [1] - Songyuan Safety (Code: 300893) with a closing price of 39.90, up 20.00% and a trading volume of 174,400 shares, totaling 636 million yuan [1] - Shanzi Gaoke (Code: 000981) with a closing price of 4.24, up 10.13% and a trading volume of 15.0676 million shares, totaling 6.293 billion yuan [1] Fund Flow Analysis - The automotive parts sector saw a net outflow of 640 million yuan from major funds, while retail investors contributed a net inflow of 274 million yuan [2] - Major funds showed significant inflows in stocks like Shanzi Gaoke and N Ruili, while experiencing outflows in stocks like Zongtai Automobile [3] Individual Stock Insights - N Ruili had a major net inflow from retail investors of 494 million yuan, while it faced a net outflow of 948 million yuan from major funds [3] - Shanzi Gaoke experienced a net inflow of 838 million yuan from major funds, but had a net outflow of 431 million yuan from retail investors [3]