恒兴新材：11月12日融资净买入122.81万元，连续3日累计净买入1636.31万元

Core Insights - Hengxing New Materials (603276) reported a net financing purchase of 1.2281 million yuan on November 12, 2025, with a financing balance of 19.5 million yuan, marking a continuous net purchase of 16.3631 million yuan over the past three trading days [1][2][3] Financing Activity Summary - On November 12, 2025, the net financing purchase was 1.2281 million yuan, with a financing balance of 19.5 million yuan, representing 13.71% of the circulating market value [2] - The financing balance increased by 0.63% from the previous day, reflecting a net increase of 1.2281 million yuan [3] - The financing activities over the past few days show a trend of increasing net purchases, with the highest net purchase recorded on November 7, 2025, at 28.8574 million yuan [2][3] Margin Trading Overview - The total margin trading balance on November 12, 2025, was 19.5 million yuan, which is an increase of 0.63% compared to the previous day [3] - The margin trading balance has shown fluctuations, with a notable increase of 19.27% on November 7, 2025, indicating heightened trading activity during that period [3] General Knowledge on Margin Trading - Margin trading involves borrowing money from a brokerage to purchase stocks, while short selling involves borrowing stocks to sell them, with the obligation to return the stocks later [4]