Xin Hua Cai Jing·2025-06-30 23:28Summary of Key Points Core Viewpoint - In July 2025, a total of 194 companies in the A-share market will face the unlocking of restricted shares, with a total unlocking volume of approximately 10.768 billion shares and an unlocking scale of 266.416 billion yuan, reflecting a month-on-month increase of about 6.59% and a year-on-year decrease of about 14.74% [1][2]. Company-Specific Summaries - Huada Jiutian has the largest unlocking scale, with an unlocking market value exceeding 30 billion yuan, specifically around 33.879 billion yuan, accounting for 51.69% of its total share capital [5][9]. - Daqo New Energy ranks second in unlocking scale, with 1.593 billion shares set to be unlocked, translating to an unlocking market value of approximately 31.739 billion yuan, which represents 74.24% of its total share capital [8][9]. - Guobang Electronics ranks third, with 331 million shares unlocking, amounting to an unlocking market value of about 19.472 billion yuan, which is 55.46% of its total share capital [9]. Industry-Specific Summaries - The electronic, electric equipment, and computer industries have the highest unlocking market values, with Huada Jiutian and Daqo New Energy leading the respective sectors [10]. - In the electronic sector, companies like Ugreen Technology, Tianyue Advanced, and Demingli have significant unlocking market values [10]. - The electric equipment sector is primarily driven by Daqo New Energy's large unlocking scale [10]. Anniversary Unlocking - Five companies will have anniversary unlockings in July, totaling approximately 240 million shares and an unlocking market value of about 11.361 billion yuan, with Ugreen Technology leading at around 9.519 billion yuan [14][15].