Group 1 - The stock of Keda Guochuang increased by 4.44% with a turnover rate of 40.05%, and a trading volume of 3.954 billion yuan, showing a fluctuation of 11.77% [1] - Institutional investors net sold 4.3152 million yuan, while the Shenzhen Stock Connect recorded a net sell of 45.0579 million yuan [2][3] - The main funds saw a net outflow of 593 million yuan, with large orders contributing to a net outflow of 471 million yuan and big orders 122 million yuan [3] Group 2 - The latest margin trading balance for Keda Guochuang is 533 million yuan, with a financing balance of 533 million yuan and a securities lending balance of 0.65 million yuan [3] - Over the past five days, the financing balance decreased by 21.495 million yuan, representing a decline of 3.87% [3] - The top five trading departments accounted for a total transaction of 666 million yuan, with a buying amount of 288 million yuan and a selling amount of 374 million yuan, resulting in a net sell of 86.8694 million yuan [2]

科大国创软件股份有限公司董事会 科大国创软件股份有限公司 关于归还暂时补充流动资金的闲置募集资金的公告 截至 2025 年 10 月 24 日，公司已将上述用于暂时补充流动资金的闲置募集资金 全部归还至募集资金专用账户，使用期限未超过 12 个月，同时公司已将上述募集资 金的归还情况通知了保荐机构及保荐机构代表人。 特此公告。 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。 证券代码：300520 证券简称：科大国创 公告编号：2025-75 科大国创软件股份有限公司（以下简称"公司"）于 2024 年 10 月 25 日召开第四 届董事会第二十三次会议，审议通过了《关于继续使用部分闲置募集资金暂时补充 流动资金的议案》，同意公司在保证募集资金投资项目建设正常推进的前提下，继 续使用不超过 2 亿元的闲置募集资金暂时补充流动资金，使用期限自公司董事会审 议通过之日起不超过 12 个月，到期将归还至公司募集资金专户。具体内容详见公司 于 2024 年 10 月 28 日在巨潮资讯网（www.cninfo.com.cn）上披露的相关公告。 在上述授权金额和期限内， ...

Market Overview - The total trading volume in the Shanghai and Shenzhen markets reached 1.97 trillion yuan, an increase of 330.3 billion yuan compared to the previous trading day [1][4] - All three major A-share indices closed higher, with the Shanghai Composite Index rising by 0.71%, the Shenzhen Component Index by 2.02%, and the ChiNext Index by 3.57% [1][2] Sector Performance - The semiconductor industry chain experienced a significant surge, with storage chips and GPU concepts leading the gains. The K-12 education and commercial aerospace sectors also showed strong upward momentum [2] - Notable individual stock performances included Zhongji Xuchuang, which rose over 11% to reach a new historical high [2] Capital Flow - Main capital inflows were observed in the electronics, semiconductor, and communication equipment sectors, while there were net outflows from cultural media, coal, and banking sectors [5] - Specific stocks with significant net inflows included Luxshare Precision, which saw an inflow of 1.885 billion yuan, and Sungrow Power Supply with 1.335 billion yuan [5] Institutional Insights - Jianghai Securities noted that the market is facing previous resistance levels, suggesting a consolidation phase before potential upward movement [6] - Dexun Securities expressed a positive outlook for the A-share market in the medium to long term, anticipating higher index levels [6] - Shenwan Hongyuan maintained that the market's upward trend remains intact [6]

Core Viewpoint - The trading volume of Keda Guokuan reached 2.15 billion yuan, marking a new high since March 18, 2025, with the latest stock price increasing by 7.37% and a turnover rate of 21.40% [2] Summary by Category - **Trading Performance** - Keda Guokuan's trading volume reached 2.15 billion yuan, the highest since March 18, 2025 [2] - The stock price increased by 7.37% [2] - The turnover rate was recorded at 21.40% [2] - The previous trading day's total volume was 2.10 billion yuan [2]

Core Viewpoint - The trading volume of Keda Guokuan reached a new high of 2.589 billion yuan, marking the highest since its listing, with a stock price increase of 7.31% and a turnover rate of 25.92% [2] Summary by Categories - **Trading Performance** - Keda Guokuan's trading volume was 2.589 billion yuan, the highest since its IPO [2] - The stock price increased by 7.31% [2] - The turnover rate was recorded at 25.92% [2] - The previous trading day's total volume was 2.1 billion yuan [2]

Group 1: Quantum Technology Sector - The quantum technology sector experienced a significant surge in the last half hour of trading, rising from a slight decline of 0.02% to an increase of 2.51% before closing [3] - Notable stocks in this sector included Keda Technology and Shenzhou Information, which hit the daily limit, while Deep Technology rose by 14.86% [3] - A report from Google's quantum AI lab announced a breakthrough in quantum computing with their "Willow" chip, achieving the first verifiable quantum advantage [3] - A total of 48 quantum technology stocks saw a net inflow of 445 million yuan from major funds, with Keda Technology and Shenzhou Information receiving over 100 million yuan each [3] Group 2: Lithium Carbonate Market - The main contract for lithium carbonate rose over 4%, closing at 79,900 yuan per ton, marking a new high since September [5] - The price of lithium carbonate has increased by over 30% from its low of 58,500 yuan per ton earlier this year, indicating a significant improvement in industry profitability [5] - The Ministry of Industry and Information Technology reported that Chinese companies hold six of the top ten global battery manufacturers, accounting for 69% of total shipments [7] - The lithium mining sector saw a collective rise, with stocks like Shengxin Lithium Energy hitting the daily limit and others like Tianhua New Energy and Rongjie Shares also showing significant gains [7] Group 3: Demand for Lithium Products - The growth in lithium battery demand is primarily driven by the needs of power batteries and energy storage [8] - In the first nine months of 2025, the production and sales of new energy vehicles in China reached 11.24 million and 11.22 million units, respectively, reflecting year-on-year growth of 35.2% and 34.9% [8] - Solid-state battery technology breakthroughs are expected to contribute to new growth in the lithium supply chain, with projected demand for lithium metal reaching between 13,260 to 15,175 tons by 2030 [8] Group 4: Lithium Mining Stocks Performance - Lithium mining stocks have generally risen in October, with an average increase of 2.92%, led by Shengxin Lithium Energy, Salt Lake Shares, and Yahua Group [9] - Financing inflows into the lithium mining sector reached 509 million yuan in October, with four stocks receiving over 100 million yuan each [9] - Yahua Group's earnings forecast indicates a net profit of 320 million to 360 million yuan for the first three quarters, representing a year-on-year increase of 106.97% to 132.84% [9]

Market Overview - The A-share market opened lower on October 23, with the Shanghai Composite Index maintaining above 3900 points and the Shenzhen Component regaining 13000 points in the afternoon. The market turnover fell to 1.66 trillion yuan, marking a new low in two and a half months [4]. Sector Performance - Energy, near-term new stocks, film and television, and quantum technology sectors saw significant gains, while cultivated diamonds, glass fiber, communication equipment, and engineering machinery sectors experienced declines. Quantum technology stocks surged in the last trading minutes, with Keda Guokuan (300520) hitting a 20% limit up [5]. Key Developments - On October 22, Google announced a new algorithm named "Quantum Echo" developed by its quantum computing research team, which can compute molecular structures 13,000 times faster than the best supercomputers [8]. - Major inflows of over 3.2 billion yuan were observed in non-ferrous metals, with coal, media, basic chemicals, and non-bank financials also receiving over 2 billion yuan each. However, the electronics sector saw a net outflow exceeding 6.7 billion yuan [8]. Future Outlook - According to Debon Securities, the reduced trading volume indicates cautious market sentiment, with financial and energy sectors providing support. The focus may shift to the "14th Five-Year Plan" policies, particularly in expanding domestic demand and consumer sectors [9]. - Huajin Securities anticipates that the implementation of the "14th Five-Year Plan" will strengthen the technology sector, benefiting industries such as electronics and robotics, as well as innovative pharmaceuticals and green energy sectors [9]. Company Earnings - Several new stocks reported strong growth in their Q3 earnings. Guangdong Jianke turned a profit in the first three quarters of 2025, while Aifenda reported a net profit of 96.41 million yuan, a year-on-year increase of 11.71% [11]. - Jianfa Zhixin expects a net profit of 200 to 222 million yuan for the first three quarters of 2025, a growth of 30% to 40%, with Q3 results to be disclosed on October 28 [11].

Market Overview - A-shares experienced a weak downward trend in the morning but stabilized and rebounded in the afternoon, with all three major indices closing in the green [1] - The Shanghai Composite Index rose by 0.22% to 3922.41 points, while the Shenzhen Component Index also increased by 0.22% to 13025.45 points [1] - The total trading volume in the Shanghai and Shenzhen markets was 166.09 billion yuan, a decrease of nearly 30 billion yuan from the previous day [1] Sector Performance - The coal sector saw significant gains, with stocks like Daya Energy achieving 9 limit-ups in the last 10 trading days, accumulating a nearly 150% increase [1][16] - The brokerage sector also performed well, with stocks such as Harbin Investment and Guosen Securities leading the gains [1] - The media sector was active, with companies like Rongxin Culture and Haikan Co. hitting the limit-up [1] - The quantum technology concept stocks surged, with Keda Guokuan and Dahua Intelligent both hitting the limit-up [2][3] Quantum Technology - The quantum technology sector saw a substantial late-session rally, with stocks like Keda Guokuan and Dahua Intelligent rising by approximately 10% within five minutes [3] - Keda Guokuan reached a limit-up of 20%, while other stocks like Dahua Intelligent and Shenzhou Information also hit their limit-ups [3][4] - Recent advancements in quantum communication technology by China Telecom's Quantum Research Institute have been recognized internationally, enhancing China's technological standing in this field [5] Coal Sector Insights - The coal sector is expected to see a shift from structural oversupply to a tight balance due to increased demand for winter heating and industrial activity [18] - Regulatory policies are expected to constrain coal supply, while demand is anticipated to rise, supporting coal prices in the short term [18][19] - The overall valuation of the coal sector is considered low, with potential for rebound as market sentiment shifts [19] Shenzhen State-Owned Enterprises - The Shenzhen state-owned enterprises sector saw a collective surge, with stocks like Jian Ke Yuan hitting a limit-up of 20% [21] - The recent action plan released by Shenzhen aims to enhance the quality of listed companies and promote mergers and acquisitions, targeting a total market value of over 20 trillion yuan by 2027 [21]

Core Viewpoint - The article highlights the trading activities and capital flows in the stock market, focusing on the performance of specific stocks and sectors, as well as the significant increase in ETF trading volumes, particularly in the Hong Kong market. Group 1: Stock Trading Activities - The total trading volume of the Shanghai and Shenzhen Stock Connect reached 199.9 billion, with Cambricon and Zhongji Xuchuang leading in trading volume for the respective exchanges [1] - The top ten stocks by trading volume in the Shanghai Stock Connect included Cambricon (16.67 billion), Industrial Fulian (15.33 billion), and Kweichow Moutai (11.32 billion) [4] - In the Shenzhen Stock Connect, Zhongji Xuchuang topped the list with 30.88 billion, followed by CATL and Xinyi Technology [5] Group 2: Sector Performance - The energy metals sector saw the highest net inflow of capital, amounting to 16.56 billion, with a net inflow rate of 7.36% [7] - Other sectors with significant net inflows included coal mining and film and television, while the electronics sector experienced the largest net outflow of 77.31 billion [8][9] Group 3: ETF Trading - The Hong Kong Securities ETF (513090) had the highest trading volume at 154.26 billion, with a 55.04% increase from the previous trading day [14] - The Hong Kong Internet ETF (513040) saw a remarkable 230% increase in trading volume, making it the top performer in terms of growth [15] Group 4: Institutional and Retail Trading - Institutional trading showed moderate activity, with notable purchases in stocks like Keda Guokong and Shengxin Lithium Energy, while significant sell-offs were observed in stocks like Huanghe Xuanfeng [17][18] - Retail trading was characterized by high activity in stocks such as Keda Guokong, which attracted substantial buying from retail investors [20]

Core Insights - The stock market saw significant activity on October 23, with 24 stocks having closing limit orders exceeding 1 billion yuan, indicating strong investor interest [1][3]. Group 1: Stock Performance - The top three stocks by closing limit order volume were Yingxin Development, Zhujiang Piano, and Guangtian Group, with limit order volumes of 1.96 million, 1.08 million, and 0.63 million shares respectively [2]. - Zhujiang Piano's limit order amount reached 668 million yuan, while Yingxin Development and Shikang Machinery also showed strong performance with limit orders exceeding 470 million yuan and 356 million yuan respectively [3][4]. Group 2: Company Strategies - Zhujiang Piano is a comprehensive enterprise focusing on pianos, musical instruments, and cultural tourism, and it plans to expand into new business areas while enhancing existing projects [3]. - The company successfully acquired the operational rights to the Bai Shui Zhai scenic area, aiming to develop a cultural and tourism hub [3]. Group 3: Sector Highlights - The superconducting concept stocks, including Guolan Testing and Dongfang Tantalum, saw notable gains, with Guolan Testing focusing on high-end cable technology for nuclear and superconducting applications [5]. - In the coal mining sector, companies like Shanxi Coking Coal and Yunnan Coal Energy reported strong performances, with Yunnan Coal Energy's project achieving a 94.51% capacity utilization rate [6][7]. Group 4: Emerging Trends - The short drama gaming sector is gaining traction, with companies like Haikan Co. and Huanrui Century actively engaging in interactive entertainment projects [9]. - The stock market also witnessed significant net purchases from institutional investors in companies like Huanrui Century and Yunhan Chip City, indicating strong institutional interest [11].