Novoray(SH:688300) Xin Lang Cai Jing·2025-10-17 06:28Core Viewpoint - On October 17, Lianrui New Materials experienced a decline of 5.06%, trading at 53.88 CNY per share, with a transaction volume of 214 million CNY and a turnover rate of 1.62%, resulting in a total market capitalization of 13.01 billion CNY [1] Company Overview - Jiangsu Lianrui New Materials Co., Ltd. is located in Lianyungang City, Jiangsu Province, established on April 28, 2002, and listed on November 15, 2019. The company specializes in the research, manufacturing, and sales of inorganic fillers and granular carrier products [1] - The revenue composition of the main business includes spherical inorganic powder (57.16%), angular inorganic powder (26.39%), and other products (16.32%) [1] Shareholder Analysis - Noan Fund's Noan Pioneer Mixed A (320003) is among the top ten circulating shareholders of Lianrui New Materials, having entered the list in the second quarter with 1.4602 million shares, representing 0.6% of circulating shares. The estimated floating loss today is approximately 4.1908 million CNY [2] - Noan Pioneer Mixed A (320003) was established on December 19, 2005, with a latest scale of 3.84 billion CNY. Year-to-date returns are 35.18%, ranking 2130 out of 8160 in its category, while the one-year return is 45.87%, ranking 1490 out of 8021. Since inception, the return is 1143.04% [2] Fund Performance - The fund manager of Noan Pioneer Mixed A (320003) is Yang Gu, who has a cumulative tenure of 19 years and 243 days, managing assets totaling 5.133 billion CNY. The best fund return during his tenure is 1094.81%, while the worst is 8.34% [3] - Noan Research Preferred Mixed A (008185) holds Lianrui New Materials as a significant position, with 77,800 shares, accounting for 4.89% of the fund's net value. The estimated floating loss today is about 223,200 CNY [4] - Noan Research Preferred Mixed A (008185) was established on May 9, 2020, with a latest scale of 71.2857 million CNY. Year-to-date returns are 78.82%, ranking 137 out of 8160, while the one-year return is 65.03%, ranking 527 out of 8021. Since inception, the return is 32.72% [4] Fund Manager Profile - The fund manager of Noan Research Preferred Mixed A (008185) is Deng Xinyi, with a cumulative tenure of 3 years and 105 days, managing assets totaling 2.009 billion CNY. The best fund return during her tenure is 53.61%, while the worst is -16% [5]