Core Viewpoint - Yili Group has reduced its stake in Solar Cable by 1.1%, indicating a shift in its investment strategy [1] Group 1: Shareholding Changes - Yili Group has reduced its holdings by a total of 7,973,374 shares, which represents 1.1% of the total share capital of Solar Cable [1] - The reduction was executed through two methods: 1,350,000 shares were sold via centralized bidding, and 6,623,374 shares were sold through block trading [1] - Prior to the reduction, Yili Group held 15% of Solar Cable's shares, which has now decreased to 13.9% following the sale [1]

Core Points - Yili Group, a major shareholder holding over 5% of the shares, reduced its stake in Sun Cable by 7,973,374 shares on November 13, representing 1.1% of the total share capital [1] - The reduction included 1,350,000 shares sold through centralized bidding and 6,623,374 shares sold via block trading [1] - Following this transaction, Yili Group's ownership decreased from 15% to 13.9% [1] - Yili Group had previously announced a plan to reduce its holdings by up to 21,670,011 shares (3% of total share capital) within three months after October 14, and this reduction aligns with that plan, which is still ongoing [1]

Summary of Key Points Core Viewpoint - On November 14, a block trade of 600,000 shares of Solar Cable was executed at a price of 7.66 yuan, representing a discount of 4.37% compared to the market closing price of 8.01 yuan, with a total transaction value of 4.596 million yuan, accounting for 0.6% of the total trading volume for the day [1]. Group 1: Transaction Details - The block trade involved 600,000 shares of Solar Cable, with a transaction price of 7.66 yuan per share [2]. - The total transaction amount was 4.596 million yuan, which is equivalent to 459.6 thousand yuan [2]. - The trade was facilitated by Zhongtai Securities as the buying broker and Yingda Securities as the selling broker [2].

Group 1 - The company, Sun Cable, reported that as of November 10, 2025, the total number of shareholders will be 69,820 [2]

Core Insights - Sun Cable experienced significant trading activity on November 13, with a total of 6.6234 million shares traded, amounting to 50.735 million yuan, at a price of 7.66 yuan, reflecting a discount of 7.93% compared to the closing price of the day [2][3] - Over the past three months, Sun Cable has recorded 15 block trades, totaling 95.8806 million yuan [2] - The stock closed at 8.32 yuan, up 1.09%, with a turnover rate of 18.13% and a total trading volume of 1.087 billion yuan on the same day [2] Trading Data - The latest margin financing balance for Sun Cable is 201 million yuan, with an increase of 88.9239 million yuan over the past five days, representing a growth of 79.22% [3] - The block trade details on November 13 include: - 301.70 thousand shares traded for 2,311.02 thousand yuan at 7.66 yuan, with a discount of 7.93% [3] - 130.00 thousand shares traded for 995.80 thousand yuan at the same price and discount [3] - Additional trades included 96.40 thousand shares for 738.42 thousand yuan, 90.00 thousand shares for 689.40 thousand yuan, and 44.24 thousand shares for 338.86 thousand yuan, all at 7.66 yuan with the same discount [3]

Core Insights - The stock of Solar Cable increased by 5.85% with a turnover rate of 22.22% and a transaction volume of 1.292 billion yuan, showing a volatility of 15.03% during the trading day [2] Trading Activity - Institutional investors net bought 4.2189 million yuan, while the total net buying from brokerage seats amounted to 12.7243 million yuan [2] - The stock was listed on the Shenzhen Stock Exchange due to its daily volatility reaching 15.03% [2] - The top five brokerage seats accounted for a total transaction volume of 1.71 billion yuan, with a buying transaction amount of 938.321 million yuan and a selling transaction amount of 768.889 million yuan, resulting in a net buying of 169.432 million yuan [2] Institutional Participation - Among the brokerage seats that participated, three were institutional specialized seats, with total buying amounting to 46.0653 million yuan and selling amounting to 41.8464 million yuan, leading to a net buying of 4.2189 million yuan [2] Fund Flow - The stock experienced a net inflow of 24.1286 million yuan from main funds, with a significant inflow of 26.5068 million yuan from large orders, while large orders saw a net outflow of 2.3782 million yuan [2] - Over the past five days, the net inflow of main funds reached 81.4722 million yuan [2]

Market Overview - On November 7, the Shanghai Composite Index fell by 0.25%, with the total margin financing balance at 24,936.93 billion yuan, a decrease of 5.156 billion yuan from the previous trading day [1] - The margin financing balance in the Shanghai market was 12,691.71 billion yuan, down by 4.511 billion yuan; in the Shenzhen market, it was 12,165.68 billion yuan, down by 0.642 billion yuan; and in the Beijing Stock Exchange, it was 7.954 billion yuan, down by 0.34182 million yuan [1] Industry Analysis - Among the industries tracked by Shenwan, 10 industries saw an increase in financing balance, with the power equipment industry leading with an increase of 4.031 billion yuan, followed by the communication and basic chemical industries with increases of 0.246 billion yuan and 0.201 billion yuan, respectively [1] Stock Performance - A total of 1,582 stocks experienced an increase in financing balance, accounting for 42.28% of the total, with 293 stocks seeing an increase of over 5% [1] - The stock with the largest increase in financing balance was Henghe Co., Ltd., with a latest financing balance of 1.8036 million yuan, reflecting a 91.02% increase from the previous trading day, and its stock price rose by 1.71% [1] - Other notable stocks with significant increases in financing balance included Solar Cable (002300) and Wanrun New Energy, with increases of 88.28% and 59.61%, respectively [1] Top Gainers and Losers - Among the top 20 stocks with the largest increase in financing balance, the average increase was 6.70%, with notable gainers including Dongyue Silicon Material (300821) at 20.04%, Zhuoyue New Energy at 20.01%, and Anda Technology at 16.36% [2] - Conversely, the largest decrease in financing balance was seen in Guangda Jiabao (600622), which dropped by 43.35%, with a latest financing balance of 198.09 million yuan [4] - Other stocks with significant decreases included Wanze Shares (000534) and Yinen Power, with declines of 33.40% and 30.87%, respectively [4] Detailed Stock Data - The top stocks with increased financing balances included: - Henghe Co., Ltd. (920145): 1.8036 million yuan, +91.02%, +1.71% [3] - Solar Cable (002300): 19,422.56 million yuan, +88.28%, -1.26% [3] - Wanrun New Energy (688275): 36,234.04 million yuan, +59.61%, +15.28% [3] - The top stocks with decreased financing balances included: - Guangda Jiabao (600622): 198.09 million yuan, -43.35%, -2.95% [4] - Wanze Shares (000534): 242.38 million yuan, -33.40%, +8.80% [4] - Yinen Power (920046): 11.11 million yuan, -30.87%, -2.97% [4]

Core Viewpoint - The major shareholder, Fujian Yili Group Co., Ltd., is reducing its stake in Fujian Nanping Sun Cable Co., Ltd., which may impact the company's shareholding structure and market perception [3][4]. Group 1: Shareholder Reduction Details - Fujian Yili Group plans to reduce its holdings by up to 21,670,011 shares, representing 3% of the total share capital, through centralized bidding and block trading from November 4, 2025, to February 3, 2026 [3]. - As of November 5, 2025, Yili Group has already reduced its holdings by 8,723,300 shares, which is 1.2% of the total share capital, decreasing its ownership from 16.36% to 15.16% [3]. - On November 6, 2025, Yili Group further reduced its holdings by 1,128,500 shares, bringing its ownership down to 15% [4]. Group 2: Compliance and Impact - The reduction in shareholding complies with relevant laws and regulations, including the Securities Law of the People's Republic of China and the Shenzhen Stock Exchange's rules [4]. - This change in shareholding will not lead to a change in the controlling shareholder or actual controller, nor will it significantly impact the company's governance structure or ongoing operations [4][5]. - The company will continue to monitor the implementation of the reduction plan and fulfill its information disclosure obligations [5].

Core Points - The company Sun Cable announced that its major shareholder, Fujian Yili Group Co., Ltd., plans to reduce its shareholding by up to 21,670,011 shares, representing 3% of the total share capital, within a three-month period from November 4, 2025, to February 3, 2026 [1] - As of November 7, 2025, Yili Group has already reduced its holdings by 8,723,300 shares, which is 1.2% of the total share capital, decreasing its ownership from 16.36% to 15.16% [1] - On November 6, 2025, Yili Group further reduced its holdings by 1,128,500 shares, accounting for 0.16% of the total share capital, bringing its ownership down to 15% [1]

Core Viewpoint - Sun Cable (002300.SZ) announced a share reduction by Yili Group, which decreased its stake in the company from 15.16% to 15% through the sale of 1,128,500 shares on November 6, 2025, representing 0.16% of the total share capital [1] Group 1 - Yili Group's shareholding before the reduction was 15.16% [1] - The share reduction involved a total of 1,128,500 shares [1] - The change in Yili Group's shareholding percentage triggered a change that touched the 5% integer multiple threshold [1]