Core Insights - The energy metals sector experienced a significant increase of 2.61% on November 7, with Shengxin Lithium Energy leading the gains [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Stock Performance - Shengxin Lithium Energy (002240) closed at 27.30, up 9.99% with a trading volume of 1.1057 million shares and a transaction value of 2.926 billion [1] - Yongshan Lithium (6633399) rose by 8.00% to close at 11.48, with a trading volume of 568,300 shares [1] - Other notable performers include: - Yongxing Materials (002756) up 7.28% to 50.85 [1] - Rongjie Co., Ltd. (002192) up 3.94% to 48.26 [1] - Tianqi Lithium (002466) up 3.36% to 56.99 [1] Capital Flow - The energy metals sector saw a net inflow of 1.209 billion in main funds, while retail funds experienced a net outflow of 0.957 billion [2] - The main funds' net inflow for Tianqi Lithium was 389 million, accounting for 6.74% of its total [3] - Huayou Cobalt (603799) had a main fund net inflow of 346 million, representing 5.24% [3] Individual Stock Fund Flows - Shengxin Lithium Energy had a main fund net inflow of 192 million, with retail funds showing a net outflow of 1.60 billion [3] - Yongxing Materials recorded a main fund net inflow of 218 million, while retail funds had a net outflow of 1.86 billion [3] - Rongjie Co., Ltd. saw a main fund net inflow of 106 million, with retail funds experiencing a net outflow of 1.10 billion [3]

Group 1 - The core point of the news is that Yongxing Materials has seen a stock price increase of 5.04%, reaching 49.79 CNY per share, with a trading volume of 996 million CNY and a turnover rate of 5.32%, resulting in a total market capitalization of 26.842 billion CNY [1] - Yongxing Special Materials Technology Co., Ltd. is located in Huzhou, Zhejiang Province, established on July 19, 2000, and listed on May 15, 2015. The company specializes in the research, production, and sales of special metal materials, including stainless steel and special alloy materials [1] - The main business revenue composition of Yongxing Materials includes: bars 47.71%, wires 24.66%, lithium carbonate 20.10%, and others 7.53% [1] Group 2 - From the perspective of major holdings in funds, one fund under Anxin Fund has heavily invested in Yongxing Materials. The Anxin New Energy Theme Stock A Fund (015707) increased its holdings by 4,400 shares in the second quarter, holding a total of 25,900 shares, which accounts for 5.19% of the fund's net value, making it the sixth-largest holding [2] - The Anxin New Energy Theme Stock A Fund (015707) was established on July 26, 2022, with a latest scale of 6.2787 million CNY. Year-to-date, it has achieved a return of 9.6%, ranking 3rd out of 4 in its category; over the past year, it has returned 19.29%, also ranking 3rd out of 4; since inception, it has incurred a loss of 22.63% [2]

Group 1: Financial Engineering Research - The report predicts the adjustment list for the constituent stocks of major indices in December 2025 based on the adjustment rules of the CSI and Guozheng indices, and measures liquidity shocks from a market-wide perspective [1][30] - As of the end of October 2025, the ETF sizes for major market indices such as SSE 50, STAR 50, CSI 300, CSI 500, CSI 1000, and ChiNext have reached 192.6 billion, 180.1 billion, 1,254.7 billion, 181.9 billion, 170.2 billion, and 141.0 billion respectively, indicating a 4.7 times growth compared to the end of 2021 [2][30] - The report outlines the periodic adjustment rules for core indices, noting that adjustments occur twice a year for SSE 50, CSI 300, CSI 500, CSI 1000, and ChiNext, and four times a year for STAR 50 [2][30] Group 2: New Stock Research - In the first three quarters of 2025, IPO support policies have been frequent, leading to a recovery in the issuance pace and fundraising scale, with a total of 773.02 billion raised, a 61% year-on-year increase [5][6] - The report anticipates an acceleration in IPO issuance over the next year, estimating that A-class/B-class accounts with a scale of 500 million will see additional yield increases of approximately 2.82% and 2.20% respectively [7][6] - The approval pace for existing projects is tight, with a high-quality project reserve expanding, indicating a positive outlook for future IPOs [6][7] Group 3: Company Research - Yum China - Yum China's Q3 2025 revenue reached 3.206 billion USD, a year-on-year increase of 4%, with operating profit at 400 million USD, up 8% [9][10] - Same-store sales continued to show positive growth, with KFC and Pizza Hut same-store sales increasing by 2% and 1% respectively [9][10] - The company plans to return 3 billion USD to shareholders through dividends and buybacks from 2025 to 2026, with projected EPS for 2025-2027 at 2.50, 2.88, and 3.16 USD [8][9] Group 4: Company Research - Nanwei Medical - Nanwei Medical achieved revenue of 2.381 billion CNY in the first three quarters of 2025, a year-on-year increase of 18.29%, with net profit of 509 million CNY, up 12.90% [17][18] - The company’s overseas sales maintained strong growth, with revenue reaching approximately 1.4 billion CNY, a 42% year-on-year increase [18][19] - The company is focusing on integrating its CME operations, with a new production facility in Thailand expected to be operational by the end of 2025 [19] Group 5: Company Research - Yongxing Materials - Yongxing Materials reported revenue of 5.547 billion CNY in the first three quarters of 2025, a year-on-year decrease of 10.98%, with net profit down 45.25% [21][22] - The decline in performance is attributed to falling lithium prices, with the average price of lithium carbonate showing fluctuations throughout the year [22] - The company maintains a high dividend payout, planning to distribute 528 million CNY in cash dividends in 2024, representing over 50% of its net profit [23] Group 6: Company Research - I Love My Home - I Love My Home reported a revenue of 8.165 billion CNY in the first three quarters of 2025, a year-on-year decrease of 6.81%, while net profit surged by 398.75% [24][26] - The company’s transaction volume increased significantly, with total housing transaction amounts reaching 196.2 billion CNY, a 5.2% year-on-year increase [26][27] - The company continues to focus on core cities, with a total of 2,549 operational stores as of Q3 2025 [26]

Investment Rating - The report maintains a rating of "Accumulate" for the company [5][11]. Core Views - The company's performance in the first three quarters of 2025 was impacted by a decline in lithium prices, with revenue of 5.547 billion yuan, a year-on-year decrease of 10.98%, and a net profit attributable to shareholders of 532 million yuan, down 45.25% year-on-year [11]. - The report anticipates a recovery in performance due to increasing demand for lithium carbonate driven by energy storage needs, with lithium prices gradually stabilizing and rising [2][11]. - The target price for the company has been raised to 56.80 yuan, reflecting an increase in valuation based on industry peers [11][13]. Financial Summary - Total revenue is projected to decline from 12.189 billion yuan in 2023 to 8.074 billion yuan in 2024, before recovering to 8.412 billion yuan in 2025, with a compound annual growth rate of 8.1% by 2027 [4]. - Net profit attributable to shareholders is expected to decrease significantly from 3.407 billion yuan in 2023 to 1.043 billion yuan in 2024, with a gradual recovery to 1.253 billion yuan by 2027 [4]. - Earnings per share (EPS) are forecasted to be 1.42 yuan in 2025, increasing to 2.32 yuan by 2027 [4][11]. Market and Industry Analysis - The company operates in the special steel and lithium carbonate sectors, with a focus on optimizing product structure and enhancing market share in key areas such as nuclear power and automotive high-purity steel [11]. - The report highlights a robust demand for lithium carbonate, particularly in the energy storage sector, which is expected to support price stabilization and recovery [11][12]. - The company is actively managing costs and expanding its raw material sources to maintain competitive advantages in the market [11].

Core Viewpoint - Yongxing Materials has shown a significant increase in stock price and trading activity, indicating strong market interest despite a decline in revenue and profit for the year [1][2]. Group 1: Stock Performance - As of November 6, Yongxing Materials' stock price increased by 2.04% to 47.55 CNY per share, with a trading volume of 4.87 billion CNY and a turnover rate of 2.68%, resulting in a total market capitalization of 256.34 billion CNY [1]. - Year-to-date, Yongxing Materials' stock price has risen by 28.74%, with a 3.78% increase over the last five trading days, an 18.98% increase over the last 20 days, and a 34.80% increase over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Yongxing Materials reported a revenue of 5.547 billion CNY, a year-on-year decrease of 10.98%, and a net profit attributable to shareholders of 532 million CNY, down 45.25% year-on-year [2]. - The company has distributed a total of 5.662 billion CNY in dividends since its A-share listing, with 4.362 billion CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of September 30, 2025, Yongxing Materials had 52,500 shareholders, a decrease of 2.28% from the previous period, with an average of 7,401 circulating shares per shareholder, an increase of 2.33% [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 31.3495 million shares, an increase of 25.9464 million shares from the previous period [3].

New Stock Issuance - New stock for Beikang Testing (920160) issued at a price of 6.70 on November 3, 2025[1] - New stock for Danna Biology (920009) issued at a price of 17.10 on November 3, 2025[1] Market Alerts - ST Zhongdi (000609) announced significant abnormal fluctuations on October 30, 2025[1] - Jiangbolong (301308) reported severe abnormal fluctuations on October 30, 2025[1] - Xiangnan Chip (300475) disclosed abnormal fluctuations on October 24, 2025[1] - Shangtai Technology (001301) announced abnormal fluctuations on November 3, 2025[1] - Hainan Development (002163) reported abnormal fluctuations on November 3, 2025[1] - Zhongrui Co., Ltd. (002374) disclosed abnormal fluctuations on November 3, 2025[1] - Fujian Jinsen (002679) announced abnormal fluctuations on November 3, 2025[1] - Yongxing Materials (002756) reported abnormal fluctuations on November 3, 2025[1] - Xinhongze (002836) disclosed abnormal fluctuations on November 3, 2025[1] - Guocheng Mining (000688) announced abnormal fluctuations on November 3, 2025[1]

Core Insights - The energy metals sector experienced a decline of 1.85% on November 3, with Yongxing Materials leading the drop [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Energy Metals Sector Performance - Yongxing Materials (002756) closed at 46.94, down 4.52%, with a trading volume of 322,600 shares and a transaction value of 1.517 billion [2] - Other notable performers included: - Blue Electric Mining (600711) at 10.66, down 4.31%, with a transaction value of 2.032 billion [2] - Tengyuan Diamond (301219) at 66.90, down 4.26%, with a transaction value of 553 million [2] - Ganfeng Lithium (002460) at 68.32, down 1.01%, with a transaction value of 6.171 billion [2] Capital Flow Analysis - The energy metals sector saw a net outflow of 1.269 billion from main funds, while retail investors contributed a net inflow of 1.263 billion [2][3] - Specific stock capital flows included: - Huayou Cobalt (603799) with a main fund outflow of 355 million [3] - Ganfeng Lithium (002460) with a main fund outflow of 224 million [3] - Yongxing Materials (002756) with a main fund outflow of 86 million [3]

Group 1 - The company's stock (Yongxing Materials, stock code: 002756) experienced an abnormal trading fluctuation, with a cumulative closing price increase exceeding 20% over three consecutive trading days (October 29, 30, and 31, 2025) [2] - The company conducted an internal review and confirmed that there were no corrections or supplements needed for previously disclosed information [3][4] - The company did not find any recent media reports that could have significantly impacted its stock price [4][6] Group 2 - The company's operational situation remains normal, with no significant changes in the internal or external business environment [4] - The company's controlling shareholders and actual controllers did not engage in buying or selling the company's stock during the period of abnormal trading fluctuations [5] - The company confirmed that there are no undisclosed significant matters that should have been disclosed according to the Shenzhen Stock Exchange regulations [6]

永兴材料11月2日公告，公司股票连续三个交易日内收盘价格涨幅偏离值累计超过了20%，根据深圳证 券交易所的有关规定，属于股票交易异常波动的情况｡经核实，近期公司经营情况正常，内外部经营环 境未发生重大变化。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。 ...

证券代码：002756 证券简称：永兴材料 公告编号：2025-047 号 永兴特种材料科技股份有限公司 股票交易异常波动公告 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。 2、公司未发现近期公共传媒报道了可能或已经对本公司股票交易价格产生较大 影响的未公开重大信息。 一、股票交易异常波动的情况介绍 3、近期公司经营情况正常，内外部经营环境未发生重大变化。 永兴特种材料科技股份有限公司（以下简称"公司"）股票（证券简称：永兴材 料，证券代码：002756）连续三个交易日内（2025 年 10 月 29 日、2025 年 10 月 30 日、2025 年 10 月 31 日）收盘价格涨幅偏离值累计超过了 20%，根据深圳证券交易所 的有关规定，属于股票交易异常波动的情况。 二、公司关注并核实情况 针对公司股票交易异常波动，公司对有关事项进行了核查，并以书面函询方式向 公司控股股东、实际控制人就有关事项进行了核实，现将核查情况说明如下： 1、经核查，公司前期披露的信息不存在需要更正、补充之处。 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 ...