Red Avenue New Materials(SH:603650) Xin Lang Cai Jing·2025-12-22 03:29Group 1 - The core viewpoint of the news is that Tongcheng New Materials has seen a stock price increase of 5.28%, reaching 47.04 CNY per share, with a trading volume of 793 million CNY and a turnover rate of 2.81%, resulting in a total market capitalization of 28.982 billion CNY [1] - Tongcheng New Materials Group Co., Ltd. is located in the China (Shanghai) Pilot Free Trade Zone and was established on June 4, 2008, with its listing date on June 27, 2018 [1] - The company's main business involves the research, production, sales, and related trade of fine chemical materials, with revenue composition as follows: rubber additives and other products 70.06%, electronic materials 26.69%, and fully biodegradable materials 3.25% [1] Group 2 - From the perspective of the top ten circulating shareholders, a fund under Southern Fund ranks among them, specifically the Southern CSI 500 ETF (510500), which reduced its holdings by 46,700 shares in the third quarter, now holding 3.4906 million shares, accounting for 0.58% of circulating shares [2] - The Southern CSI 500 ETF (510500) was established on February 6, 2013, with a latest scale of 140.098 billion CNY, and has achieved a year-to-date return of 27.34%, ranking 1682 out of 4197 in its category [2] - The fund manager of Southern CSI 500 ETF is Luo Wenjie, who has a cumulative tenure of 12 years and 248 days, with the fund's total asset scale at 170.251 billion CNY and the best return during his tenure being 146.43% [3]