Core Viewpoint - The company is considering the possibility of introducing Hangzhou Jinjiang Group as a strategic investor, given its status as a leading player in the national aluminum industry [1] Group 1 - Hangzhou Jinjiang Group is recognized as a leader in the aluminum industry in China [1]

Group 1: Financial Developments - AIC, a wholly-owned subsidiary of China CITIC Bank, has been approved to commence operations with a registered capital of RMB 10 billion, located in Guangzhou, which will enhance the financial ecosystem in the Greater Bay Area and support high-quality economic development [1] - During the 14th Five-Year Plan period, Shenzhen enterprises have raised over RMB 2.8 trillion in direct financing, marking a more than 50% increase compared to the previous five-year period, positioning Shenzhen as the third-largest city in China for direct financing [3] Group 2: Economic Activity - The total number of travelers passing through Shenzhen's ports has exceeded 240 million, surpassing the total for the entire previous year, achieving this milestone 38 days ahead of schedule, driven by the influx of visitors for the 15th National Games [2] - The signing of a cooperation agreement between the National Sports Administration and the Guangdong-Hong Kong-Macao Greater Bay Area aims to strengthen sports collaboration and resource sharing, enhancing the integration of sports development in the region [4] Group 3: Market Performance - On November 24, the Shenzhen Component Index closed at 12,585.08 points, reflecting a 0.37% increase [5] - Notable stock performances include Jiuzhiyang and Zhaobiao Co., both rising by 20%, while Qingshuiyuan and ST Hezhong saw declines of 18.42% and 16.84%, respectively [6]

Group 1 - ST Huzhong has provided a total external guarantee amounting to 2.674 billion RMB, which is 238.46% of the company's latest audited equity attributable to the parent company of approximately 1.121 billion RMB [1] - The actual cumulative balance of external guarantees that have occurred is approximately 1.995 billion RMB, representing 177.94% of the company's latest audited equity attributable to the parent company [1] - The company has provided guarantees for two overdue loans totaling 12.5368 million RMB, which accounts for 1.12% of the company's latest audited equity attributable to the parent company [1] Group 2 - As of the announcement date, ST Huzhong's market capitalization is 4 billion RMB [2] - The revenue composition for ST Huzhong for the first half of 2025 is as follows: lithium battery materials 54.58%, power distribution and transmission equipment manufacturing 33.18%, power engineering design services 11.82%, and electrolytic nickel 0.43% [1]

证券代码：300477 证券简称：ST 合纵 公告编号：2025-072 合纵科技股份有限公司 关于公司控股公司之间提供担保的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 合纵科技股份有限公司（以下简称"公司"）提供担保总额超过最近一期经 审计净资产100%，敬请投资者注意相关风险。 一、担保情况概述 为满足业务发展及日常流动资金的需求，公司控股公司湖南雅城新能源股份 有限公司的全资子公司湖南雅城锂电新材料有限公司（以下简称："雅城锂电"） 向长沙农村商业银行股份有限公司高铁新城支行（以下简称"长沙农商行"）申 请续授信融资，根据长沙农商行要求，本次借款由公司的子公司北京合纵实科电 力科技有限公司（以下简称"北京实科"）继续为雅城锂电与长沙农商行形成的 债务提供连带责任保证担保，担保的债权最高余额不超过人民币300万元。 根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自 律监管指引第2号—创业板上市公司规范运作》的相关规定，本次担保事项属于 上市公司子公司为上市公司合并报表范围内的法人提供担保，本次担保已履行了 北京实科的 ...

Market Overview - As of November 18, the Shanghai Composite Index closed at 3939.81 points, down 32.22 points, a decline of 0.81% [1] - The Shenzhen Component Index closed at 13080.49 points, down 121.52 points, a decline of 0.92% [1] - The ChiNext Index closed at 3069.22 points, down 35.98 points, a decline of 1.16% [1] High Turnover Stocks - A total of 100 A-shares had a turnover rate exceeding 20% on November 18, with six stocks, including Beikong Detection and C Hengkong, having turnover rates above 50% [1] - Beikong Detection (stock code: 920160) had a closing price of 26.50 yuan and a turnover rate of 88.46%, with a price increase of 295.52% [1] - C Hengkong (stock code: 688727) closed at 61.55 yuan, with a turnover rate of 81.36% and a price increase of 310.61% [1] - Other notable stocks with high turnover rates include C Nanshu (75.35% turnover, 224.78% increase) and Zhongfutong (53.96% turnover, -3.19% decrease) [1] Additional High Turnover Stocks - Other stocks with significant turnover rates include: - Xue Ren Group (50.33% turnover, -2.55% decrease) [1] - Jianglong Boat (46.42% turnover, -2.02% decrease) [1] - Xuanya International (44.73% turnover, 20.01% increase) [1] - Hongxiang Co. (44.63% turnover, 5.98% increase) [1] - The list continues with various companies showing diverse performance in terms of turnover and price changes [2][3][4]

Investment Rating - The report does not provide a specific investment rating for the industry or companies mentioned [1]. Core Insights - The report highlights several new stock listings and trading activities scheduled for November 18, 2025, including companies such as Jingchuang Electric (12.10), Beikang Testing (6.70), and Nanguang Digital (5.69) [1]. - It also mentions various corporate actions such as tender offers, cash options, and acquisition requests, indicating active market movements [1]. Summary by Relevant Sections - **New Stock Listings**: Companies like Jingchuang Electric, Beikang Testing, and Nanguang Digital are set to debut on the market with respective prices of 12.10, 6.70, and 5.69 [1]. - **Corporate Actions**: The report details several corporate actions including a tender offer for Tianpu Co. (605255) from November 20 to December 19, 2025, and cash options for Hangqi Wheel B (200771) from November 19 to November 25, 2025 [1]. - **Market Alerts**: It lists companies experiencing significant fluctuations, such as Moen Electric (002451) and Huasheng Lithium Battery (688353), indicating potential investment risks and opportunities [1].

Core Points - The battery sector experienced a decline of 3.32% on the trading day, with Huasheng Lithium leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Stock Performance - Xianhui Technology (688155) closed at 64.99, up 6.56% with a trading volume of 87,100 shares and a transaction value of 567 million [1] - Copper Crown Copper Foil (301217) closed at 35.21, up 4.42% with a trading volume of 652,900 shares and a transaction value of 2.299 billion [1] - Weike Technology (600152) closed at 8.47, up 3.93% with a trading volume of 1,288,200 shares and a transaction value of 1.12 billion [1] - ST Hezhong (300477) closed at 4.13, up 3.77% with a trading volume of 2,588,000 shares and a transaction value of 1.092 billion [1] - Huazi Technology (300490) closed at 13.18, up 3.13% with a trading volume of 884,600 shares and a transaction value of 1.199 billion [1] - Funeng Technology (688567) closed at 18.37, up 2.97% with a trading volume of 366,200 shares and a transaction value of 670 million [1] - Other notable stocks include DeFu Technology (301511) and Wanli Co., Ltd. (600847) with respective closing prices of 32.31 and 13.33, showing minor increases [1] Capital Flow - The battery sector saw a net outflow of 14.868 billion from main funds, while retail investors contributed a net inflow of 10.766 billion [3] - Speculative funds recorded a net inflow of 4.102 billion into the sector [3]

Core Insights - ST Huzhong's trading volume reached 1.009 billion RMB, marking the highest level since March 9, 2022 [2] - The latest stock price increased by 9.05%, with a turnover rate of 24.10% [2] - The previous trading day's total transaction volume was 813 million RMB [2] Company Overview - Huzhong Technology Co., Ltd. was established on April 15, 1997, with a registered capital of 1.072 billion RMB [2]

证券代码：300477 证券简称：ST 合纵 公告编号：2025-071 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，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 合纵科技股份有限公司（以下简称"公司"）股票连续三个交易日（2025 年11月13日、2025年11月14日、2025年11月17日）收盘价格涨幅偏离值累计超 过30%，根据《深圳证券交易所交易规则》的相关规定，属于股票交易异常波动 的情形。 二、公司关注并核实情况说明 针对公司股票交易异常波动情况，公司董事会采用电话及现场问询等方式， 对公司控股股东及实际控制人就相关问题进行了核实，现就相关情况说明如下： 1、公司前期披露的信息不存在需要补充、更正之处。 合纵科技股份有限公司 股票交易异常波动的公告 4、公司、控股股东及实际控制人不存在关于公司应披露而未披露的重大事 项，或处于筹划阶段的重大事项。 5、在本次股票异常波动期间，公司控股股东、实际控制人不存在买卖公司 股票的情形。 6、经自查，公司不存在违反公平信息披露规定的其他情形。 三、是否存在应披露而未披露信息的说明 公司董事会确认，公司目前没有任何根据《深圳 ...

Core Viewpoint - The rising price of lithium iron phosphate is expected to positively impact the revenue and profit of the company's new energy business segment [2]. Group 1 - The company’s subsidiary, Hunan Yacheng, is primarily engaged in the research, production, and sales of battery-grade lithium iron phosphate, cobalt tetroxide, and cobalt hydroxide [2]. - The increase in lithium iron phosphate prices is anticipated to have a certain positive effect on the company's revenue and profit [2].