Market Performance - The cultivated diamond concept declined by 1.67%, ranking among the top declines in the concept sector as of the market close on November 27 [1] - Notable declines within the sector included *ST Yazhen, which hit the daily limit down, and companies like Sifangda, World, and Huanghe Xuanfeng, which also experienced significant drops [1] - Conversely, four stocks within the sector saw price increases, with Inno Laser, Chaohongji, and Henglin Co. rising by 3.96%, 2.17%, and 1.82% respectively [1] Capital Flow - The cultivated diamond concept experienced a net outflow of 344 million yuan from major funds today, with 13 stocks seeing net outflows [1] - The stock with the highest net outflow was Jing Sheng Electric, which saw a net outflow of 68.92 million yuan, followed by World, Guojijinggong, and Sifangda with outflows of 57.60 million yuan, 47.16 million yuan, and 47.11 million yuan respectively [1] - On the other hand, stocks with the highest net inflows included Inno Laser, Chaohongji, and Boyun New Materials, with inflows of 10.78 million yuan, 4.95 million yuan, and 1.72 million yuan respectively [1][2]

证券日报网讯四方达11月26日在互动平台回答投资者提问时表示，公司每季度末的股东户数会在定期报 告中予以披露，敬请查阅。 （文章来源：证券日报） ...

Core Insights - The cultivated diamond concept has seen a rise of 1.21%, ranking 8th among concept sectors, with 10 stocks increasing in value, led by Wald, Sifangda, and Jingsheng Electromechanical, which rose by 12.72%, 7.01%, and 4.34% respectively [1][2] - The sector experienced a net inflow of 109 million yuan from main funds, with 8 stocks receiving net inflows, and 5 stocks exceeding 10 million yuan in net inflow, with Jingsheng Electromechanical leading at 134 million yuan [2][3] Stock Performance - The top performers in the cultivated diamond sector include: - Jingsheng Electromechanical: +4.34%, turnover rate 2.38%, net inflow 133.61 million yuan, net inflow rate 12.71% [3] - Wald: +12.72%, turnover rate 9.40%, net inflow 83.98 million yuan, net inflow rate 8.20% [3] - Sifangda: +7.01%, turnover rate 21.23%, net inflow 62.96 million yuan, net inflow rate 5.11% [3] Decliners - The stocks with the largest declines include: - *ST Yazhen: -4.99%, net outflow 32.34 million yuan, outflow rate -23.91% [4] - Zhongbing Hongjian: -3.69%, net outflow 153.16 million yuan, outflow rate -13.61% [4] - Boyun New Materials: -2.95%, net outflow 25.01 million yuan, outflow rate -12.81% [4]

Market Overview - The general equipment sector experienced a decline of 0.21% on November 26, with smart control leading the drop [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index closed at 12907.83, up 1.02% [1] Stock Performance - Notable gainers in the general equipment sector included: - Wald (688028) with a closing price of 74.90, up 12.72% and a trading volume of 141,800 shares, totaling 1.024 billion yuan [1] - Zhongshun Group (000039) closed at 9.35, up 10.00% with a trading volume of 1,947,400 shares, totaling 1.764 billion yuan [1] - Huashu High-Tech (688433) closed at 62.18, up 7.21% with a trading volume of 74,100 shares, totaling 447 million yuan [1] Decliners - Key decliners included: - Smart Control (002877) with a closing price of 9.45, down 9.91% and a trading volume of 681,500 shares, totaling 657 million yuan [2] - Rongyi Precision (920223) closed at 21.50, down 6.52% with a trading volume of 89,600 shares, totaling 195 million yuan [2] - Huafeng Co. (605100) closed at 43.91, down 5.39% with a trading volume of 84,600 shares, totaling 377 million yuan [2] Capital Flow - The general equipment sector saw a net outflow of 614 million yuan from institutional investors and a net outflow of 119 million yuan from retail investors, while retail investors had a net inflow of 733 million yuan [2] - Specific stock capital flows indicated: - Zhongshun Group (000039) had a net inflow of 47.416 million yuan from institutional investors, while retail investors experienced a net outflow of 18.000 million yuan [3] - Wald (688028) had a net inflow of 96.345 million yuan from institutional investors, with retail investors seeing a net outflow of 78.723 million yuan [3] - Sifangda (300179) had a net inflow of 81.558 million yuan from institutional investors, while retail investors faced a net outflow of 85.899 million yuan [3]

Group 1: Copper - The supply-demand imbalance for copper is becoming evident, with the price center expected to rise due to tight copper concentrate supply and surging green demand [1] - Global copper mine grades are declining, and long-term insufficient capital expenditure has limited new mining projects, contributing to a tight copper concentrate market [1] - Demand for copper is supported by investments in electricity, new energy vehicles, and data center construction, driven by global monetary easing and green transition trends [1] - Recommended companies to focus on include Zijin Mining (601899.SH) and Luoyang Molybdenum (603993.SH), which have rich resource reserves and clear capacity planning [1] Group 2: Aluminum - The supply of electrolytic aluminum is tight, with domestic capacity capped at 45 million tons and limited new capacity, while overseas production progress is slow [2] - The demand for electrolytic aluminum shows structural resilience, and prices are expected to rise due to rigid supply, low inventory, and cost support [2] - The average price of electrolytic aluminum is projected to be around 22,000 yuan/ton by 2026, with increasing profitability leading companies to raise dividend ratios [2] - Key companies to watch include Yunnan Aluminum (000807.SZ), Mingtai Aluminum (601677.SH), and Shenhuo Group (000933.SZ) [2] Group 3: Precious Metals - The value of gold as an investment is highlighted amid the Fed's policy shift and ongoing global macro uncertainties [3] - Silver, with both industrial and monetary properties, shows stronger price elasticity during liquidity easing cycles [3] - The gold-silver ratio is expected to decline from around 100 in May 2025 to about 80 by November 2025, indicating potential for downward correction [3] - Recommended investment opportunities include Zijin Mining (601899.SH), Shandong Gold (600547.SH), Zhongjin Gold (600489.SH), and Shengda Resources (000603.SZ) [3] Group 4: Superhard Materials - Traditional demand for superhard products is under pressure, leading the industry into a downturn [4] - However, breakthroughs in functional diamond technology are opening new growth opportunities, particularly in high-end chip cooling applications [4] - Companies to focus on include Guoji Precision (002046.SZ), which has made progress in functional diamonds, and Sifangda (300179.SZ), which has large-scale CVD diamond production lines [4]

证券日报网讯 11月24日晚间，四方达发布公告称，控股股东方海江先生在中国银河证券股份有限公司 办理了股票解除质押业务，解除质押股份数量为20，000，000股。 （文章来源：证券日报） ...

Core Points - The controlling shareholder of Sifangda, Fang Haijiang, has released a pledge of 20 million company shares, which accounts for 14.33% of his holdings and 4.12% of the company's total share capital [1] Summary by Sections - **Pledge Details** - The pledge started on May 21, 2025, and will be released on November 21, 2025 [1] - The pledgee is China Galaxy Securities Co., Ltd. [1]

证券代码：300179 证券简称：四方达 公告编号：2025-064 河南四方达超硬材料股份有限公司 关于控股股东股份解除质押的公告 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。 河南四方达超硬材料股份有限公司（以下简称"公司"）于近日接到控股股东 方海江先生的通知，获悉方海江先生所持有公司质押的股份已全部解除质押，具 体情况公告如下： 一、本次解除质押基本情况 | 股东名称 | 是否为控股股东 | 本次解除质押数量 | 占其所持股 | 占公司总股 | | 质押 | | | 质押 | | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 或第一大股东及 其一致行动人 | （股） | 份比例 | 本比例 | | 起始日 | | | 解除日期 | | | | 方海江 | 是 | 20,000,000 | 14.33% | 4.12% | 2025 | 年 5 月 | 21 日 | 2025 | 年 11 | 月 21 日 | 中国银河证券股 份有 ...

Core Viewpoint - The company has announced its capability to produce PCD micro-drills, highlighting the advantages of long lifespan, high processing precision, and good surface finish of its products [1] Group 1 - The company currently possesses the ability to manufacture PCD micro-drills [1] - The PCD micro-drills produced by the company are characterized by their long lifespan [1] - The processing precision and surface finish of the company's PCD micro-drills are noted to be high and good, respectively [1]

Group 1 - The core viewpoint of the news is that Sifangda's stock experienced a decline of 4.24% on November 17, with a trading volume of 1.062 billion yuan, indicating a significant market reaction [1] - As of November 17, Sifangda's financing balance reached 408 million yuan, accounting for 5.09% of its market capitalization, which is above the 90th percentile level over the past year, indicating a high level of financing activity [1] - The company reported a net financing purchase of 4.2936 million yuan on the same day, suggesting continued investor interest despite the stock price decline [1] Group 2 - As of September 30, Sifangda had 31,400 shareholders, a decrease of 10.06% from the previous period, while the average number of circulating shares per shareholder increased by 10.76% to 11,907 shares [2] - For the period from January to September 2025, Sifangda achieved an operating income of 407 million yuan, a year-on-year increase of 2.13%, but the net profit attributable to shareholders decreased by 36.62% to 59.5635 million yuan [2] - Since its A-share listing, Sifangda has distributed a total of 579 million yuan in dividends, with 193 million yuan distributed over the past three years [2]