Market Performance - The non-metal materials sector increased by 2.31% compared to the previous trading day, with Longgao Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Stock Performance - Longgao Co., Ltd. (code: 605086) closed at 33.99, with a rise of 10.00% and a trading volume of 100,300 shares, resulting in a transaction value of 336 million yuan [1] - Kuncai Technology (code: 603826) closed at 17.84, up 3.66%, with a trading volume of 58,700 shares and a transaction value of 10.4 million yuan [1] - Lichong Diamond (code: 301071) closed at 37.68, up 2.25%, with a trading volume of 77,600 shares and a transaction value of 291 million yuan [1] Capital Flow - The non-metal materials sector saw a net inflow of 91.07 million yuan from institutional investors, while retail investors experienced a net outflow of 33.12 million yuan [2][3] - Longgao Co., Ltd. had a net inflow of 75.38 million yuan from institutional investors, accounting for 22.45% of its total trading volume [3] - Kuncai Technology experienced a net inflow of 7.20 million yuan from institutional investors, representing 6.94% of its total trading volume [3]

Market Overview - The non-metal materials sector experienced a decline of 4.31% on November 21, with Suotong Development 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 - Jiangsu Materials (001296) saw a significant increase of 10.00%, closing at 25.51, with a trading volume of 161,000 shares and a turnover of 398 million [1] - Other notable declines included Suotong Development (603612) down 7.33% to 22.87, and Tianma New Materials (920971) down 6.94% to 30.29 [2] Capital Flow - The non-metal materials sector had a net inflow of 80.44 million from institutional investors, while retail investors experienced a net outflow of 54.42 million [2] - The main stocks with significant capital flow included Jiangsu Materials with a net inflow of 116 million, while Suotong Development had a net outflow of 7917.43 million from retail investors [3]

Market Overview - The non-metal materials sector experienced a decline of 0.99% on November 20, with Suotong Development 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] Stock Performance - Notable stock performances included: - Lianrui New Materials (688300) rose by 2.04% to a closing price of 55.40, with a trading volume of 42,200 shares and a transaction value of 233 million [1] - Longgao Co., Ltd. (605086) increased by 0.39% to 30.55, with a trading volume of 44,100 shares [1] - Suotong Development (603612) fell by 3.41% to 24.68, with a trading volume of 212,600 shares and a transaction value of 53.5 million [2] Capital Flow - The non-metal materials sector saw a net outflow of 42.67 million from institutional investors and 22.05 million from retail investors, while individual investors contributed a net inflow of 64.72 million [2] - The capital flow for specific stocks indicated: - Lianrui New Materials had a net inflow of 8.65 million from institutional investors but a net outflow of 24.10 million from retail investors [3] - Longgao Co., Ltd. experienced a net inflow of 11.57 million from institutional investors but a net outflow of 14.06 million from retail investors [3]

证券之星消息，11月17日非金属材料板块较上一交易日下跌0.69%，索通发展领跌。当日上证指数报收 于3972.03，下跌0.46%。深证成指报收于13202.0，下跌0.11%。非金属材料板块个股涨跌见下表： 从资金流向上来看，当日非金属材料板块主力资金净流出1.79亿元，游资资金净流出1305.59万元，散户 资金净流入1.92亿元。非金属材料板块个股资金流向见下表： | 代码 | 名称 | 主力净流入 (元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 605086 龙高股份 | | 61.68万 | 0.50% | -740.92万 | -6.05% | 679.24万 | 5.54% | | 603826 坤彩科技 | | -93.25万 | -1.46% | 28.45万 | 0.45% | 64.80万 | 1.02% | | 001296 长江材料 | | -437.55万 | -5.30% | 204.42万 | 2.48% | 23 ...

Group 1 - The report highlights that the Beijing Stock Exchange (BSE) has evolved from a "testing ground" to a main battleground for specialized and innovative enterprises, with 282 listed companies and a total market capitalization of 900.835 billion yuan as of November 14, 2025 [2][12][14] - Among the listed companies, 254 are classified as specialized and innovative "little giants," accounting for 90.07% of the total, with 152 being national-level little giants [2][33] - The report identifies key industry chains within the BSE, including smart connected new energy vehicles, hydrogen energy, new materials, innovative pharmaceuticals, and artificial intelligence [2][38] Group 2 - The BSE's market performance shows a decline in the North BSE 50 index, which reported 1,514.20 points, with a TTM PE ratio of 71.80X, while the specialized and innovative index reported 2,500.55 points with a TTM PE of 80.59X [3][62][66] - The average market capitalization of BSE companies is lower than that of the ChiNext and STAR Market, with the average market cap at 31.94 million yuan compared to 126.11 million yuan and 175.43 million yuan respectively [22][23] - The report notes that the liquidity of the BSE has improved, with the turnover rate now higher than that of the STAR Market and slightly above the ChiNext [41][42][47] Group 3 - The report indicates that the IPO review process is active, with two companies approved and three pending approval, reflecting a steady increase in the number of companies entering the market [3][28] - The report emphasizes the growing interest from public funds in the BSE, with 39 public institutions investing in BSE stocks by mid-2025, marking a significant increase in both the number of institutions and the amount invested [45][46] - The BSE is expected to enhance its index system and introduce the North BSE 50 ETF, which could further improve liquidity and attract more institutional investors [50][51]

Market Overview - The non-metal materials sector experienced a decline of 3.49% on November 14, with Suotong Development leading the drop [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Individual Stock Performance - Suotong Development (603612) closed at 28.45, down 6.35% with a trading volume of 336,900 shares and a transaction value of 979 million yuan [1] - Lianrui New Materials (688300) closed at 56.51, down 4.20% with a trading volume of 48,300 shares and a transaction value of 275 million yuan [1] - Power Diamond (301071) closed at 40.82, down 3.75% with a trading volume of 145,400 shares and a transaction value of 603 million yuan [1] - Quartz Co. (603688) closed at 38.40, down 3.27% with a trading volume of 163,600 shares and a transaction value of 632 million yuan [1] - Tianma New Materials (920971) closed at 34.56, down 3.19% with a trading volume of 37,300 shares and a transaction value of 131 million yuan [1] Capital Flow Analysis - The non-metal materials sector saw a net outflow of 284 million yuan from institutional investors, while retail investors had a net inflow of 233 million yuan [1] - The table indicates that institutional investors had significant net outflows in several stocks, including Power Diamond with a net outflow of 93.73 million yuan [2] - Retail investors showed a net inflow in stocks like Suotong Development, with 77.35 million yuan [2]

Core Viewpoint - The A-share market experienced a collective decline across the three major indices, with significant trading volumes reported [1]. Market Performance - The Shanghai Composite Index closed at 3990.49 points, down 0.97%, with a trading volume of 837.97 billion yuan - The Shenzhen Component Index closed at 13216.03 points, down 1.93%, with a trading volume of 112.01 billion yuan - The ChiNext Index closed at 3111.51 points, down 2.82%, with a trading volume of 48.79 billion yuan [1]. Sector Performance - The gas sector led the gainers with an increase of 3.25%, followed by the pharmaceutical retail sector at 2.56% and oil and gas extraction and services at 2.12% - Other sectors that performed well include kitchen and bathroom appliances (1.53%) and port shipping (1.50%) [2]. - Conversely, the non-metallic materials sector saw the largest decline at -2.79%, followed by the semiconductor sector at -2.61% and electronic chemicals at -2.38% - Other sectors with notable declines include components (-2.22%) and industrial metals (-1.56%) [2].

Core Viewpoint - The A-share market experienced fluctuations with the Shanghai Composite Index closing at 4022.89 points, down 0.16%, while the Shenzhen Component and ChiNext Index fell by 1.10% and 1.74% respectively [1] Market Performance - The pharmaceutical retail sector led the gains with a rise of 3.38%, followed by gas and kitchen appliance sectors, which increased by 2.78% and 2.13% respectively [2] - The port and shipping sector also showed positive performance with a 1.92% increase [2] - Conversely, the non-metal materials sector saw the largest decline at -1.77%, followed by semiconductor and electronic chemical sectors, which fell by 1.60% and 1.43% respectively [2] Trading Volume and Net Inflow - The total trading volume for the pharmaceutical retail sector was 590.40 million hands, with a total transaction value of 91.34 billion [2] - The gas sector recorded a trading volume of 889.47 million hands and a transaction value of 63.82 billion, with a net inflow of 3.84 billion [2] - In contrast, the non-metal materials sector had a trading volume of 88.15 million hands and a transaction value of 29.79 billion, with a net outflow of 3.84 billion [2]

Core Insights - The non-metal materials sector experienced a rise of 1.97% on November 13, with Ningxin New Materials leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Sector Performance - Ningxin New Materials (code: 920719) closed at 15.76, with a gain of 5.21% and a trading volume of 80,700 shares, amounting to a transaction value of 126 million [1] - Suotong Development (code: 603612) saw a closing price of 30.38, up 4.76%, with a trading volume of 557,500 shares and a transaction value of 1.689 billion [1] - Longgao Co., Ltd. (code: 605086) closed at 29.02, increasing by 4.39%, with a trading volume of 81,000 shares and a transaction value of 232 million [1] - Other notable performers include Tianma New Materials (code: 920971) with a 3.45% increase, and Dongfang Huizhen (code: 920175) with a 3.12% increase [1] Capital Flow - The non-metal materials sector saw a net inflow of 175 million from institutional investors, while retail investors experienced a net outflow of 89.97 million [1] - Specific stock capital flows indicate that Suotong Development had a net inflow of 141 million from institutional investors, while retail investors had a net outflow of 90.65 million [2] - Quartz Co., Ltd. (code: 603688) had a net inflow of 17.36 million from institutional investors, while retail investors had a net inflow of 8.52 million [2]

Market Overview - The A-share market is exhibiting a "high open, low walk, and fluctuating differentiation" pattern, with the Shanghai Composite Index maintaining above the 4000-point mark, supported by heavyweight sectors and stable policy expectations [5] - The Shenzhen Component Index is dragged down by corrections in technology stocks such as telecommunications, electronics, and computers, while the ChiNext Index is affected by pullbacks in sectors like lithium batteries, new energy vehicles, and innovative pharmaceuticals [5] Trading Dynamics - The ratio of stocks hitting the upper and lower limits shows more stocks rising than falling, indicating a relatively balanced market sentiment with a near 1:1 rise-fall ratio [6] - The consumer sector, particularly food and beverage and liquor industries, along with cyclical sectors like photovoltaic equipment and non-metallic materials, are leading the gains, while technology and financial sectors are experiencing notable adjustments [6] Market Activity - The total trading volume in both markets has decreased by 8.2%, reflecting a rise in cautious sentiment among investors, influenced by profit-taking in the large consumer sector and ongoing adjustments in high-valuation technology hardware [7] - Despite strong performances in thematic concepts like cultivated diamonds and photovoltaic equipment, these have not significantly boosted overall trading volume [7] Fund Flow and Sentiment - Institutional investors are showing a defensive and offensive differentiation, withdrawing funds from technology sectors such as consumer electronics, software development, and semiconductors, and reallocating towards undervalued blue-chip stocks (like banks) and consumer recovery sectors (such as food and beverages) [9] - Retail investors are increasingly engaging in speculative trading, with a notable focus on short-term hot sectors like photovoltaic equipment, dairy, and beverages, while some continue to chase limit-up stocks in real estate and electronic equipment sectors, indicating persistent short-term speculative sentiment [9] Investor Sentiment - Retail investor sentiment is reported at 75.85%, reflecting a strong engagement level [10] - A survey indicates that 32.25% of investors are increasing their positions, while 16.41% are reducing their holdings, and 51.34% are maintaining their current positions [14]