高管减持，散户天团狂欢，上纬新材跻身蛇年首个十倍牛股

Core Viewpoint - The stock of A-share company, Aowei New Materials (688585.SH), has surged over 10 times in 2023, becoming the first stock to achieve this milestone since 2025, following the announcement of a potential takeover by Zhiyuan Robotics and related entities [1] Group 1: Stock Performance - As of July 28, Aowei New Materials' stock price reached 79.27 yuan per share, with a total market capitalization exceeding 32 billion yuan and a dynamic price-to-earnings ratio of 345 times, indicating a significant deviation from its fundamentals [1] - The stock has experienced a strong speculative trading atmosphere, leading to an increasingly concentrated circulation of shares [1] Group 2: Trading Activity - On July 28, the top buying seats were primarily from brokerage firms, with notable net purchases from Dongfang Caifu Securities, totaling 13.58 million yuan and 10.64 million yuan from two different branches [1] - In contrast, the top five selling seats collectively sold shares worth 97.73 million yuan, significantly exceeding the total buying amount of 61.46 million yuan [2] Group 3: Shareholding Structure - As of July 25, 2025, the controlling shareholders and major stakeholders held approximately 85% of the company's A-shares, leaving only about 15% available for external circulation [2] - The turnover rates from July 23 to 25 were reported at 9.50%, 5.44%, and 5.60%, but when considering the external circulation, the actual turnover rates were much higher at 61%, 35%, and 36% [3] Group 4: Corporate Governance - A temporary shareholders' meeting on July 24 approved a resolution to exempt current and former directors, supervisors, and senior management from voluntary share transfer restrictions, which previously limited them to transferring no more than 25% of their shares annually [3][4]