Core Viewpoint - The Shanghai Composite Index fell by 0.97% on November 14, with the total margin financing balance across the Shanghai, Shenzhen, and Beijing exchanges decreasing by 138.30 billion yuan compared to the previous trading day [1] Margin Financing Overview - As of November 14, the margin financing balance for the Shanghai market was 12,654.61 billion yuan, down by 56.81 billion yuan; for the Shenzhen market, it was 12,194.06 billion yuan, down by 80.92 billion yuan; and for the Beijing Stock Exchange, it was 78.37 billion yuan, down by 0.57 billion yuan [1] - The total margin financing balance across the three exchanges was 24,927.04 billion yuan, reflecting a decrease of 138.30 billion yuan [1] Industry Analysis - Among the industries tracked by Shenwan, nine sectors saw an increase in financing balance, with the coal industry leading with an increase of 1.34 billion yuan, followed by retail and oil & petrochemical sectors with increases of 0.69 billion yuan and 0.55 billion yuan, respectively [1] Individual Stock Performance - A total of 1,484 stocks experienced an increase in financing balance, accounting for 39.64% of the total, with 262 stocks seeing an increase of over 5% [1] - The stock with the largest increase in financing balance was Sudar Co., with a latest balance of 69.27 million yuan, reflecting a 124.56% increase, despite a price drop of 9.99% on the same day [1] - Other notable stocks with significant increases in financing balance included Aoya Co. and Zhongyi Technology, with increases of 70.30% and 67.99%, respectively [1][2] Top Gainers and Losers in Margin Financing - Among the top 20 stocks with the largest increase in financing balance, the average price change was an increase of 1.22%, with Zhongyi Technology, Danna Biology, and Dayou Energy leading with increases of 19.99%, 11.79%, and 9.98%, respectively [2] - Conversely, Sudar Co., Taipeng Intelligent, and Aoya Co. were among the largest losers, with declines of 9.99%, 9.40%, and 5.79%, respectively [2] Declining Margin Financing - In contrast, 2,260 stocks saw a decrease in financing balance, with 267 stocks experiencing a decline of over 5% [3] - The stock with the largest decrease in financing balance was Tianming Technology, with a latest balance of 5.32 million yuan, down by 44.48% [3] - Other stocks with significant declines included Henghe Co. and Antai Technology, with decreases of 29.35% and 28.61%, respectively [3][4]

Market Overview - The infrastructure sector declined by 0.73% on November 14, with Aoya Co., Ltd. leading the losses [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Top Performers in Infrastructure Sector - Guosheng Technology (603778) closed at 8.50, up 9.96% with a trading volume of 1.8556 million shares and a transaction value of 1.517 billion [1] - Pubang Co., Ltd. (002663) closed at 2.51, up 5.91% with a trading volume of 784,300 shares and a transaction value of 194 million [1] - ST Jiaotou (002200) closed at 8.37, up 5.02% with a trading volume of 169,600 shares and a transaction value of 57.311 million [1] Underperformers in Infrastructure Sector - Aoya Co., Ltd. (300949) closed at 49.18, down 5.79% with a trading volume of 85,700 shares and a transaction value of 442 million [2] - China Nuclear Engineering (601611) closed at 12.48, down 5.53% with a trading volume of 1.1546 million shares and a transaction value of 1.466 billion [2] - Huilv Ecology (001267) closed at 18.17, down 4.72% with a trading volume of 377,900 shares and a transaction value of 693 million [2] Capital Flow Analysis - The infrastructure sector experienced a net outflow of 605 million from institutional investors, while retail investors saw a net inflow of 472 million [2] - The top stocks with significant net inflows from retail investors include: - Aoya Co., Ltd. (300949) with a net outflow of 48.0547 million from institutional investors [3] - Pubang Co., Ltd. (002663) with a net inflow of 1.9714 million from institutional investors [3] - Macro Construction (002062) with a net inflow of 2.2454 million from institutional investors [3]

Core Viewpoint - Aoya Co., Ltd. will participate in the "2025 Annual Online Collective Reception Day for Investors of Listed Companies in Shenzhen" organized by the Shenzhen Securities Regulatory Bureau and other entities, scheduled for November 20, 2025 [1] Group 1 - The event will take place from 14:30 to 17:00 on the specified date [1]

Coal Industry - The price of thermal coal has risen significantly, surpassing 800 yuan per ton, marking a new high for the year as of November 13 [1][3] - The coal sector has shown strong performance, with key listed coal companies reporting a more than 20% increase in profits in Q3 compared to the previous quarter [3][4] - Factors contributing to the rise in coal prices include extreme weather conditions, with northern regions experiencing significant temperature drops, while southern regions faced higher than average temperatures [3][4] - The coal industry is expected to benefit from a dual attribute of dividends and cyclical characteristics, making it a favored asset for market funds [3] Ice and Snow Tourism Industry - The ice and snow tourism sector has seen a surge, with multiple stocks hitting the daily limit up, driven by events such as the "Qixing Mountain·Camel Cup" wilderness survival challenge [5][6] - The ice and snow industry in China is projected to exceed 1 trillion yuan by 2025, with continuous growth expected due to upcoming major winter sports events [7] - The tourism industry is currently benefiting from a combination of policy incentives and demand release, with recommendations to focus on leading companies in online travel agencies (OTA), comprehensive cultural tourism service providers, and ice and snow tourism leaders [7]

Core Insights - The construction decoration industry experienced a net outflow of funds amounting to 999.3 million yuan on November 13, despite a 0.52% increase in the sector's stock prices [1][2] Fund Flow Summary Inflow Highlights - The top three stocks with significant net inflows were: - China Nuclear Engineering with a net inflow of 62.75 million yuan, increasing by 1.23% [1] - Aoya Shares with a net inflow of 48.25 million yuan, surging by 20% [1] - Sanwei Chemical with a net inflow of 40.97 million yuan, rising by 6.81% [1] Outflow Highlights - The stocks with the highest net outflows included: - China Metallurgical Group with a net outflow of 411.34 million yuan, increasing by 0.87% [2] - Guosheng Technology with a net outflow of 152.41 million yuan, rising by 9.96% [2] - China State Construction with a net outflow of 81.46 million yuan, decreasing by 0.18% [2]

Core Points - The infrastructure sector saw a 0.3% increase on November 13, with Aoya Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Sector Performance - Aoya Co., Ltd. (300949) closed at 52.20, with a significant increase of 20.00% and a trading volume of 57,300 shares, amounting to a transaction value of 275 million yuan [1] - Chengbang Co., Ltd. (603316) rose by 9.98% to close at 17.30, with a trading volume of 170,300 shares and a transaction value of 284 million yuan [1] - Guosheng Technology (603778) increased by 9.96% to 7.73, with a trading volume of 1.8874 million shares [1] - Other notable performers include ST IF Ping (603843) and ST Jianhai (002586), both showing increases of 5.05% [1] Capital Flow - The infrastructure sector experienced a net outflow of 296 million yuan from main funds, while retail investors contributed a net inflow of 298 million yuan [3]

| 序号 | 委托方 | 受托方 | 产品名称 | 金额 | 产品起息 | 到期日 | 收益 | 预期 | 资金 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | （万元） | 日 | | 类型 | 年化 | 来源 | | | | | | | | | | 收益 | | | | | | | | | | | 率 | | | 1 | 深圳奥 | 民生银行 | 聚赢汇率 | 2,000.00 | 2025/11/ | 2026/2/6 | 保本 | 0.71% | 募集 | | | 雅设计 | 深圳蛇口 | -挂钩欧 | | 7 | | 浮动 | -1.75 | 资金 | | | 股份有 | 支行 | 元对美元 | | | | 收益 | % | | | | 限公司 | | 汇率看涨 | | | | 型 | | | | | | | 二元结构 | | | | | | | | | | | 性存款 | | | | | | | | | | | (SDGA253 | | | | | | | | | | | 249V) | | | | ...

深圳奥雅设计股份有限公司 关于参加 2025 年度深圳辖区上市公司投资者网上集体接待日 活动的公告 证券代码：300949 证券简称：奥雅股份 公告编号：2025-085 特此公告！ 深圳奥雅设计股份有限公司 董事会 2025 年 11 月 13 日 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。 为进一步加强与投资者的互动交流，深圳奥雅设计股份有限公司（以下简称 "公司"）将参加由深圳证监局和中证中小投资者服务中心指导、深圳上市公司 协会与深圳市全景网络有限公司联合举办的"2025 年度深圳辖区上市公司投资 者网上集体接待日活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2025 年 11 月 20 日（周五）14:30-17:00。届时 公司董事、高管将在线就公司业绩、公司治理、发展战略、经营状况、融资计划、 股权激励和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广 大投 ...

Group 1 - The camping economy concept stocks are experiencing a strong performance, with Aoya Co., Ltd. hitting a 20% limit up [1] - Sanfu Outdoor previously reached a limit up, indicating robust investor interest [1] - Other companies such as Taipeng Intelligent, Mugaodi, Wanlima, and Tanuo also saw gains, reflecting a broader trend in the sector [1] Group 2 - The recent wilderness survival event at Qixing Mountain in Zhangjiajie has gained significant popularity online, contributing to the growth of the camping economy [1]

Group 1 - The core viewpoint of the news is that Aoya Co., Ltd. experienced a stock price increase of 6.07%, reaching 46.14 yuan per share, with a total market capitalization of 2.784 billion yuan [1] - Aoya Co., Ltd. is primarily engaged in landscape design and EPC contracting, with its main business revenue composition being 50.01% from comprehensive cultural tourism, 42.62% from landscape design, and 7.37% from other sources [1] - The company is located in Shenzhen, Guangdong Province, and was established on December 14, 2001, with its listing date on February 26, 2021 [1] Group 2 - Among the top ten circulating shareholders of Aoya Co., Ltd., a fund under CITIC Prudential, specifically the CITIC Prudential Multi-Strategy Mixed (LOF) A (165531), has newly entered the list, holding 165,700 shares, which accounts for 0.48% of the circulating shares [2] - The fund has achieved a year-to-date return of 47.96%, ranking 1062 out of 8145 in its category, and a one-year return of 46.38%, ranking 687 out of 8059 [2] - The fund manager, Wang Ying, has been in position for 8 years and 273 days, with the fund's total asset size currently at 4.904 billion yuan [3]