Market Overview - The metal new materials sector experienced a decline of 1.21% on November 26, with Longda Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index closed at 12907.83, up 1.02% [1] Individual Stock Performance - Sry New Materials (688102) saw an increase of 2.28%, closing at 25.17 with a trading volume of 432,000 shares and a turnover of 1.061 billion [1] - Longda Co., Ltd. (688231) led the decline with a drop of 5.38%, closing at 23.22 with a trading volume of 81,000 shares and a turnover of 190 million [2] - Other notable performers include: - Tunan Co., Ltd. (300855) down 3.94% to 27.03 with a turnover of 191 million [2] - Alloy Investment (000633) down 3.35% to 8.09 with a turnover of 46.4 million [2] Capital Flow Analysis - The metal new materials sector saw a net outflow of 301 million from institutional investors, while retail investors experienced a net inflow of 392 million [2][3] - Specific stock capital flows include: - Shenzhen New Star (603978) had a net inflow of 73.61 million from institutional investors but a net outflow of 70.84 million from retail investors [3] - Tunan Co., Ltd. (300852) had a net inflow of 2.80 million from institutional investors and a net inflow of 11.93 million from retail investors [3]

Core Viewpoint - The company, Antai Technology, has achieved significant milestones in the field of controllable nuclear fusion by securing major contracts for critical components, marking a breakthrough in this ultimate energy sector [1][3]. Group 1: Recent Achievements - On November 21, Antai Technology successfully won a bid for the BEST fusion device's divertor target plate and integration project, valued at approximately 69.9 million yuan [2][3]. - The company also completed the delivery of a 30 million yuan EAST (East Superconducting Tokamak) divertor target plate project, which passed expert review on November 19 [1][3]. - These achievements are seen as a key milestone in the company's journey within the controllable nuclear fusion sector [1][3]. Group 2: Technological Leadership - Antai Technology is recognized as a leader in the field of refractory metal materials, focusing on the research and development of key supporting materials for controllable nuclear fusion [3][9]. - The company has established a comprehensive industrial platform that integrates material development, product manufacturing, and system integration, providing lifecycle solutions for high-end users [8][9]. - Antai Technology's innovations have led to significant advancements in the performance and lifespan of fusion devices, particularly through the development of materials that can withstand extreme conditions [3][7]. Group 3: Market Position and Financial Performance - Antai Technology has positioned itself as a top supplier in the refractory metal sector, with a strong focus on tungsten and molybdenum materials [9]. - The company has reported continuous profitability since 2019, with net profits of 211 million yuan, 249 million yuan, and 372 million yuan from 2022 to 2024, respectively [10]. - In the first three quarters of 2025, the company achieved a net profit of 282 million yuan, indicating ongoing financial growth [10].

Core Viewpoint - The rapid development of AI technology is having a profound impact on the passive component industry, driving the growth of high-end MLCC, chip inductors, tantalum capacitors, and packaging materials [1] Group 1: Industry Impact - The advancement of AI technology is expected to accelerate the development of high-end passive components such as MLCC, chip inductors, and tantalum capacitors [1] - The growth in the passive component sector will also stimulate the rapid development of upstream raw materials including nickel powder, carbonyl iron powder, metal soft magnetic powder, and thermal materials [1] Group 2: Material Performance - The performance of materials is crucial in determining the performance of devices, indicating that companies in the upstream raw materials sector and those in related industries will have competitive advantages [1]

Market Overview - The A-share market experienced a reversal in afternoon trading, with all three major indices turning positive by the close. The Shanghai Composite Index closed at 3836.77 points, up 0.05%, with a trading volume of 715.54 billion yuan. The Shenzhen Component Index closed at 12585.08 points, up 0.37%, with a trading volume of 1012.23 billion yuan. The ChiNext Index closed at 2929.04 points, up 0.31%, with a trading volume of 476.22 billion yuan [1]. Sector Performance - The leading sectors in terms of gains included military equipment (up 5.38%), military electronics (up 4.62%), and cultural media (up 3.54%). The total trading volume for military equipment was 288.93 million hands, with a net inflow of 6.71 billion yuan [2]. - Conversely, sectors that saw declines included energy (down 3.39%), insurance (down 1.27%), and airport and shipping (down 1.13%). The energy sector had a trading volume of 58.12 million hands, with a net outflow of 0.20 billion yuan [2].

Core Viewpoint - The stock of Placo New Materials increased by 5.09% on November 24, reaching a price of 69.00 CNY per share, with a trading volume of 278 million CNY and a turnover rate of 1.72%, resulting in a total market capitalization of 19.996 billion CNY [1] Group 1: Company Overview - Placo New Materials Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on September 17, 2009, with its listing date on December 30, 2019 [1] - The company's main business involves the research, production, and sales of metal soft magnetic powders, metal soft magnetic powder cores, and inductive components, providing high-performance soft magnetic materials and modular inductors for efficient and environmentally friendly operation of power electronic devices [1] - The revenue composition of the company includes 96.69% from metal soft magnetic powder products, 3.07% from metal soft magnetic powders, and 0.25% from other business income [1] Group 2: Shareholder Information - Among the top ten circulating shareholders of Placo New Materials, one fund from Huaxia Fund holds shares. Huaxia Industry Prosperity Mixed A (003567) reduced its holdings by 2.538 million shares in the third quarter, now holding 2.1538 million shares, which accounts for 0.91% of the circulating shares [2] - The estimated floating profit for Huaxia Industry Prosperity Mixed A today is approximately 7.1937 million CNY [2] - Huaxia Industry Prosperity Mixed A was established on February 4, 2017, with a latest scale of 8.972 billion CNY, achieving a return of 44.93% this year, ranking 713 out of 8209 in its category [2] Group 3: Fund Performance - The fund manager of Huaxia Industry Prosperity Mixed A is Zhong Shuai, who has been in the position for 5 years and 121 days, with a total asset scale of 13.26 billion CNY [3] - During Zhong Shuai's tenure, the best fund return was 160.03%, while the worst return was -8.58% [3] Group 4: Fund Holdings - Huaxia Fund also has a significant holding in Placo New Materials through Huaxia Growth Mid-Cap 200 ETF Initiated Link A (020837), which held 100 shares in the third quarter, unchanged from the previous period, accounting for 0.02% of the fund's net value [4] - The estimated floating profit for Huaxia Growth Mid-Cap 200 ETF today is approximately 334 CNY [4] - This fund was established on March 5, 2024, with a latest scale of 26.9822 million CNY, achieving a return of 18.96% this year, ranking 2248 out of 4208 in its category [4]

诺德股份(600110)今日跌停，全天换手率10.09%，成交额12.61亿元，振幅7.78%。龙虎榜数据显示，沪 股通净卖出4167.70万元，营业部席位合计净卖出5881.47万元。 10月23日公司发布的三季报数据显示，前三季度公司共实现营业收入47.93亿元，同比增长29.21%，实 现净利润-9374.12万元。（数据宝） 诺德股份11月21日交易公开信息 | 买/ | 会员营业部名称 | 买入金额（万 | 卖出金额（万 | | --- | --- | --- | --- | | 卖 | | 元） | 元） | | 买一 | 沪股通专用 | 5828.52 | | | 买二 | 国信证券股份有限公司浙江分公司 | 4366.41 | | | 买三 | 瑞银证券有限责任公司上海花园石桥路证券营业部 | 2740.45 | | | 买四 | 广发证券股份有限公司广州马场路广发证券大厦证券营 业部 | 1046.10 | | | 买五 | 中国国际金融股份有限公司上海分公司 | 968.31 | | | 卖一 | 沪股通专用 | | 9996.22 | | 卖二 | 开源证券股份有限公司西安西大街证券营业 ...

Market Overview - The metal new materials sector experienced a decline of 4.48% on November 21, with Shenzhen Xinxing leading the drop [1] - The Shanghai Composite Index closed at 3834.89, down 2.45%, while the Shenzhen Component Index closed at 12538.07, down 3.41% [1] Stock Performance - Notable stock performances included: - Tunan Co., Ltd. (300855) closed at 27.24, up 0.52% with a trading volume of 103,300 shares and a turnover of 282 million yuan [1] - Shenzhen Xinxing (603978) closed at 31.42, down 10.00% with a trading volume of 289,700 shares and a turnover of 93.26 million yuan [2] - Other significant declines included Jiangnan New Materials (603124) down 7.24% and Platinum New Materials (300811) down 7.10% [2] Capital Flow - The metal new materials sector saw a net outflow of 776 million yuan from institutional investors, while retail investors had a net inflow of 825 million yuan [2] - The capital flow for specific stocks showed: - Tunan Co., Ltd. had a net inflow of 21.24 million yuan from institutional investors [3] - Shenzhen Xinxing experienced a net outflow of 68.27 million yuan from retail investors [3]

Core Viewpoint - The stock of Shenzhen Placo New Materials Co., Ltd. experienced a decline of 5.04%, trading at 67.12 CNY per share, with a total market capitalization of 19.451 billion CNY as of November 21 [1] Company Overview - Shenzhen Placo New Materials Co., Ltd. was established on September 17, 2009, and went public on December 30, 2019. The company specializes in the research, production, and sales of metal soft magnetic powders, metal soft magnetic powder cores, and inductive components [1] - The main revenue composition includes: 96.69% from metal soft magnetic powder products, 3.07% from metal soft magnetic powders, and 0.25% from other business income [1] Fund Holdings - Nord Fund has one fund heavily invested in Placo New Materials. The Nord Flexible Allocation Mixed Fund (571002) held 4,600 shares in the third quarter, accounting for 3.61% of the fund's net value, ranking as the tenth largest holding [2] - The fund has reported a floating loss of approximately 16,400 CNY as of the latest data [2] Fund Manager Profile - The fund manager of Nord Flexible Allocation Mixed Fund (571002) is Zhu Hong, who has been in the position for 11 years and 238 days. The total asset size of the fund is 112 million CNY [3] - During Zhu Hong's tenure, the best fund return was 139.56%, while the worst return was -26.47% [3]

Market Overview - The metal new materials sector experienced a slight decline of 0.06% on November 20, with Alloy Investment leading the drop [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Individual Stock Performance - Alloy Investment (000633) closed at 7.98, down 6.67% with a trading volume of 701,500 shares and a transaction value of 561 million [1] - Other notable declines included: - Zhongke Magnetic (301141) down 3.44% to 55.07 with a transaction value of 220 million [1] - Bowei Taijin (601137) down 2.58% to 21.18 with a transaction value of 258 million [1] - Jinli Yongci (300748) down 2.32% to 34.50 with a transaction value of 1.22 billion [1] Capital Flow Analysis - The metal new materials sector saw a net outflow of 151 million from main funds, while retail investors contributed a net inflow of 75.99 million [1] - Specific stock capital flows included: - Shenzhen New Star (603978) with a main fund net inflow of 1.05 billion, but a net outflow from retail investors of 46.47 million [2] - Tunan Co. (300855) with a main fund net inflow of 41.86 million, but a significant retail outflow of 3.44 million [2] - Bowei Alloy (601137) recorded a main fund net inflow of 3.88 million, while retail investors saw a net outflow of 2.06 million [2]

Core Viewpoint - The company emphasizes that 6G communication materials are one of its important R&D projects and have already been applied in testing prototypes [1] Group 1 - The company is actively involved in the development of materials for 6G communication [1] - Testing prototypes have already incorporated these materials, indicating progress in R&D efforts [1]