Core Points - In November 2025, a total of 124 companies in the A-share market will have their restricted shares unlocked, amounting to approximately 8.952 billion shares with a total market value of 160.677 billion yuan, representing a month-on-month decrease of about 26.45% and a year-on-year decrease of about 44.64% [1][8] Company Summaries - Ruijie Networks has the largest unlock scale, with 700 million shares set to be released on November 20, valued at approximately 52.78 billion yuan, accounting for 88% of its total share capital [3][4] - Innovation New Materials will have 2.287 billion restricted shares unlocked on November 17, with a market value of about 10.222 billion yuan, involving shareholders such as Shandong Innovation Group and Beijing Hualian Group [6][8] - Huaxia Eye Hospital ranks third in unlock scale, with 511.7 million shares, representing 60.85% of its total share capital, valued at approximately 9.814 billion yuan [6][8] Industry Insights - The telecommunications, pharmaceutical, and electronics industries have the highest unlock market values, with Ruijie Networks leading in telecommunications, while Huaxia Eye Hospital and New Nobel are notable in the pharmaceutical sector [8][10] - In total, seven companies will celebrate their listing anniversary in November, with a combined unlock volume of approximately 390 million shares and a market value of about 12.262 billion yuan [10]