石英股份股价高位回落，技术性回调与行业调整成主因

Company Performance - The company reported a revenue of 753 million yuan for the first three quarters of 2025, representing a year-on-year decline of 24.46% [3] - The net profit attributable to the parent company was 135 million yuan, down 56.81% year-on-year, indicating challenges in the semiconductor business [3] - The dynamic price-to-earnings ratio (TTM) reached 155.40 times, suggesting a mismatch between valuation and earnings growth [3] Industry Situation - The non-metal materials II sector declined by 2.85%, and the basic chemical sector fell by 1.34%, reflecting cautious market sentiment [2] - The photovoltaic industry is still in a destocking phase, with internal sand prices running low (approximately 40,000 to 60,000 yuan per ton), which restricts the pace of performance recovery [2] Market and Capital Flow - On February 12, the main capital inflow was 334 million yuan, while retail and speculative funds experienced net outflows, indicating significant fluctuations in the chip structure [4] - The trading volume ratio on February 13 reached 2.06, showing high trading activity and intensified long-short competition [4]