Core Viewpoint - The company is focused on developing a dual main business model in the electric power and new energy materials sectors, emphasizing comprehensive services in the power distribution field and lithium battery precursor materials in the new energy materials sector [1] Group 1: Electric Power Sector - The company acts as a comprehensive service provider in the power distribution sector, offering design consulting, engineering services, equipment supply, and operation maintenance tailored to the specific needs of various industry clients [1] - The company is committed to exploring and implementing cost reduction and efficiency enhancement measures to improve competitiveness in the electric power sector [1] Group 2: New Energy Materials Sector - The company's subsidiary, Hunan Yacheng, focuses on the research, production, and sales of lithium battery precursor materials [1] - The company plans to actively monitor and invest in upstream raw material resources to lower production costs and enhance competitiveness in the new energy materials sector [1]

Core Viewpoint - The report provides a comprehensive analysis of the performance of various futures contracts across different sectors, highlighting price changes and trends over multiple time frames. Group 1: Financial and Precious Metals Futures - The Shanghai Composite 300 futures decreased by 0.13%, while the Shanghai 50 futures fell by 0.20% [8] - The year-to-date performance for the Shanghai Composite 300 futures is up 17.07%, and for the Shanghai 50 futures, it is up 11.57% [8] - The CFFEX 2-year treasury futures showed a slight increase of 0.01% [8] Group 2: Nonferrous Metals and New Energy Materials - SHFE copper futures increased by 0.09%, while SHFE aluminum futures decreased by 0.40% [9] - The year-to-date performance for SHFE copper is up 16.85%, while SHFE aluminum is up 8.34% [9] - GFEX polysilicon futures rose by 1.15%, reflecting a year-to-date increase of 26.07% [9] Group 3: Black Commodities - SHFE rebar futures increased by 0.95%, while SHFE hot-rolled coil futures rose by 0.67% [10] - DCE iron ore futures showed a modest increase of 0.44% [10] - The year-to-date performance for SHFE rebar is down 10.54% [10] Group 4: Agricultural Products - DCE corn futures increased by 1.69%, while DCE soybean meal futures decreased by 0.20% [11] - The year-to-date performance for DCE corn is down 1.36%, while DCE soybean meal is up 3.62% [11] - CZCE cotton futures rose by 0.85%, reflecting a year-to-date decrease of 2.16% [11] Group 5: Energy and Chemicals - CZCE soda ash futures increased by 1.02%, while INE crude oil futures decreased by 1.13% [12] - The year-to-date performance for CZCE soda ash is down 25.37%, while INE crude oil is down 8.52% [12] - SHFE rubber futures decreased by 0.33%, reflecting a year-to-date decline of 19.91% [12]

当消费电子迎来AI赋能的迭代浪潮，当新能源产业驶入高质量发展的快车道，捷邦科技(301326.SZ)正 以精密制造为基、以技术创新为翼，在两大黄金赛道上"换挡加速"，从精密制造领军者向多元化科技创 新企业跃升。 锚定高增长黄金赛道，打造新的业绩增长极 精准的赛道布局是捷邦科技未来持续成长的关键。目前，公司已构建起"消费电子精密制造+新能源新 材料"的双轮驱动格局。与此同时，捷邦科技还紧抓算力基础设施升级机遇，推出液冷散热模组产品， 获得了北美大客户送样资格，未来或有望成为公司新的利润增长点。 在消费电子领域，捷邦科技通过收购赛诺高德，实现了VC均热板蚀刻加工技术的突破，成为少数进入 果链的散热部件厂商之一。据了解，赛诺高德是国内手机VC均热板蚀刻加工领域的头部企业，在过去 多年的经营发展中沉淀了不少优质客户，也积累了过硬的技术能力与充足的产能储备，并且获得北美A 客户一级供应商代码。 随着赛诺高德进入并表带来的消费电子业务发力，捷邦科技的经营业绩从今年第三季度开始扭转。财报 显示，公司今年第三季度实现营收5.24亿元，同比增幅109.33%，实现归属于上市公司股东的净利润 2,544.72万元，同比激增加29 ...

智通财经APP讯，龙蟠科技(603906.SH)发布公告，公司控股子公司常州锂源新能源科技有限公司(简 称"常州锂源")及控股孙公司南京锂源纳米科技有限公司(简称"南京锂源"，与"常州锂源"合称为"卖方") 与楚能新能源股份有限公司(简称"楚能新能源")全资子公司武汉楚能新能源有限公司(简称"武汉楚 能")、孝感楚能新能源创新科技有限公司(简称"孝感楚能")及宜昌楚能新能源创新科技有限公司(简 称"宜昌楚能"，与"武汉楚能"、"孝感楚能"合称为"买方")共同签署了《 <生产材料采购合作协议> 之补 充协议二》(简称"《补充协议二》")，对原常州锂源、南京锂源与武汉楚能、孝感楚能、宜昌楚能签订 的《生产材料采购合作协议》及《补充协议》(合称"《原协议》")相关条款进行补充与修订。如按照预 计数量及市场价格估算(不考虑客供碳酸锂模式的情况下)，《补充协议二》与《原协议》总销售金额超 人民币450亿元(最终根据销售订单据实结算)。《补充协议二》自2025年11月24日起生效。 《补充协议二》及《原协议》为日常经营相关的销售合同，公司签订上述协议有助于与下游合作伙伴建 立长期稳定的关系，有助于公司产品的稳定销售，符合 ...

公司通过发挥自身在负极产业的技术、资本、渠道等优势，作为产业协同方参与杉杉集团及其全资子公 司朋泽贸易的实质合并重整，有利于公司加快负极产业布局，实现产业链一体化和供应链长期稳定安 全，充分发挥公司固态电池等新能源产业协同效应，增强公司盈利能力，提升公司核心竞争力。本次参 与杉杉集团及其全资子公司朋泽贸易的实质合并重整符合公司产业布局和战略发展。预计对公司未来经 营发展产生积极影响。 方大炭素（600516）(600516.SH)发布公告，公司于2025年11月24日召开第九届董事会第十四次临时会 议，审议通过了《关于拟参与杉杉集团及其全资子公司实质合并重整投资人招募的议案》，同意公司作 为产业协同方参与杉杉集团有限公司(简称杉杉集团)及其全资子公司宁波朋泽贸易有限公司(简称宁波朋 泽)的实质合并重整投资人招募，同时授权公司管理层代表公司拟定和提交重整投资的报名资料、签署 尽职调查保密协议、开展尽职调查、提交《重整投资方案》等各项工作。 ...

Group 1: IPO Market Overview - Since 2025, the Hong Kong stock market has seen 86 new IPOs, raising approximately 2508.84 million HKD [1] - In the past week (November 16 to November 22), there was 1 listing, 3 companies in the IPO process, 4 companies undergoing hearings, and 6 companies that submitted applications [1][2] - The average issuance market value of the last 10 new listings is 631.20 million HKD, with an average PE ratio of 28.72 [23] Group 2: Recent IPOs - Zhongwei New Materials (2698.HK) successfully listed on the Hong Kong Stock Exchange on November 17, with a first-day closing price down 0.12% and a total market value of 353.95 million HKD [4][3] - The stock price of Zhongwei New Materials has dropped 16% in its first week of trading [1] - The average first-day increase for recent IPOs is 40.38%, indicating a cooling trend in the AH new stock market [23] Group 3: Upcoming IPOs - Three companies, including Innovation Industry, Quantitative Group, and Haiwei Co., are currently in the IPO process, with expected listing dates between November 24 and November 28, 2025 [5][9] - Innovation Industry completed its IPO with a subscription ratio exceeding 3600 times, indicating strong investor interest [8] - Haiwei Co. has a subscription ratio exceeding 800 times as of November 23, 2025 [10] Group 4: Companies Undergoing Hearings - Four companies passed hearings in the past week, including Naxin Microelectronics, LeMo Technology, Yujian Xiaomian, and Jinyan High-tech [11][12][13][15] - Naxin Microelectronics reported a revenue of 1.524 billion RMB in the first half of 2025, with a year-on-year growth of 80% [11] - LeMo Technology's revenue for 2024 was nearly 800 million RMB, with a growth of 36% [12] Group 5: Companies Submitting Applications - Six companies submitted applications to the Hong Kong Stock Exchange, including Liying Intelligent Manufacturing, Mandi International, and others [16] - Liying Intelligent Manufacturing reported a revenue of 44.26 billion RMB in 2024, with a year-on-year growth of nearly 30% [17] - Mandi International, a spin-off from Sanofi Pharmaceutical, reported a revenue of 1.455 billion RMB in 2024, with a growth of nearly 20% [18]

证券日报网讯万润股份11月21日在互动平台回答投资者提问时表示，公司是以研发创新驱动的平台型企 业，现主要从事电子信息材料产业、环保材料产业、新能源材料产业以及生命科学与医药产业四个领域 产品的研发、生产和销售，拥有超过10，000种化合物的生产技术，其中超过4，000种产品已投入市 场。 （文章来源：证券日报） ...

Group 1: Recent IPOs - Zhongwei Co., a new energy materials company, officially listed on the Hong Kong Stock Exchange, raising approximately HKD 3.544 billion by offering about 104 million shares [1] - Jiansu, a supply chain management service provider, submitted an IPO application to the SEC for a Nasdaq listing, focusing on the plastic and chemical industries in China [2] - Defeng Technology, an independent AIoT provider, filed for an IPO on the Hong Kong Stock Exchange, specializing in energy and manufacturing sectors [3] - Kanop, an industrial robotics company, applied for an IPO on the Hong Kong Stock Exchange, ranking first among Chinese welding robot manufacturers [4] - NobiKan, an AI company, refiled for an IPO on the Hong Kong Stock Exchange after previous applications lapsed, focusing on AI and digital twin technologies [5] - Dongshan Precision, a PCB supplier for edge AI devices, submitted an IPO application to the Hong Kong Stock Exchange, aiming to become a leading supplier in the sector [6] - Mandi International, a consumer healthcare company, filed for an IPO on the Hong Kong Stock Exchange, leading the market in hair health products [7] - Lingyi Intelligent Manufacturing, an AI hardware platform, applied for an IPO on the Hong Kong Stock Exchange, ranking first in high-precision components for AI terminal devices [8] Group 2: Upcoming IPOs - Quantitative Platform is set to launch its IPO from November 19 to November 24, aiming to raise approximately HKD 131 million [9] - Haiwei Electronics plans to conduct its IPO from November 20 to November 25, targeting to raise around HKD 440 million [10] Group 3: Recent Hearings - Yujian Xiaomian, a modern Chinese noodle brand, passed the listing hearing on the Hong Kong Stock Exchange, operating 440 restaurants in mainland China and 11 in Hong Kong [11] - Jinyan High-tech, a kaolin company, also passed the listing hearing, focusing on the production of calcined kaolin products [12] - Naxin Micro, a provider of analog chips, passed the listing hearing, specializing in automotive electronics and consumer electronics [13] - Lemo, a smart massage service provider, passed the listing hearing, leading the market in smart massage services in mainland China [14] Group 4: Market Developments - The Singapore Exchange and Nasdaq announced a collaboration to simplify dual listings, aiming to launch a "Global Listing Board" by mid-2026 [15]

| 买入金额最大的前5名 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 序号 | | 交易营业部名称 | | | 买入金额(万) | 占总成交比例 | | 1 | 深股通专用 | | 789次 44.49% | 2 | 37653.92 | 7.04% | | 2 | 机构专用 | | 1629次 40.95% | A | 20604.77 | 3.85% | | 3 | 机构专用 | | 1629次 40.95% | A | 10499.94 | 1.96% | | 4 | 机构专用 | | 1629次 40.95% | ▲ | 10477.49 | 1.96% | | 5 | 中信建投证券股份有限公司杭州庆春路证券营业部 | | 17次 17.65% | A | 9650.26 | 1.80% | | | 卖出金额最大的前5名 | | | | | | | 序号 | | 交易营业部名称 | | | 买入金额(万) | 占总成交比例 | | 1 | 深股通专用 | | 789次 44.49% | 2 | 37653.92 | 7.04% ...

广州金控期货 商品日报 2025.11.20 1 热力图（当日收盘价涨跌幅—成交量） （来源：广金期货） 来源：广金期货 | 数据来源：Wind，广金期货 | | --- | 2 热力图（当日收盘价涨跌幅—成交额） | 曼金属 | | | 发展时光 | | | | | 19 | | | 深圳市 | | CD | D | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | 48 | | 타 | | | | | | | | | | | | | | BUNGH | | MASSE | 1494 CABDY | | | @19 | | | | | | | | 75 | | 11240 | | 2014 | 1114 | 第1章 Add 214-201 | | 083601 | No | | | | | TL | | 152512 | | 41.27% | | 0.13% | -2.07% | THERS' | | 8050 | SC2604 | | | | | ...