Company Overview - Yunnan Ge Industry Co., Ltd. is located in Kunming, Yunnan Province, and was established on August 19, 1998. It was listed on June 8, 2010. The company specializes in the mining, enrichment, purification, and deep processing of germanium, with main products including zone-refined germanium ingots, infrared-grade germanium single crystals, and germanium lenses [2]. Business Performance - For the period from January to September 2025, Yunnan Ge Industry achieved operating revenue of 799 million yuan, representing a year-on-year growth of 58.89%. However, the net profit attributable to the parent company was 18.15 million yuan, a decrease of 38.43% year-on-year [2]. - The company's main business revenue composition includes: material-grade germanium products (29.26%), photovoltaic-grade germanium products (23.34%), optical fiber-grade germanium products (21.98%), infrared-grade germanium products (12.45%), compound semiconductor materials (10.54%), and others (2.44%) [2]. Stock Performance - As of December 2, Yunnan Ge Industry's stock price was 25.48 yuan per share, with a year-to-date increase of 35.03%. In the last five trading days, the stock rose by 2.70%, but it has decreased by 1.66% over the past 20 days and by 18.49% over the past 60 days [1]. - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on November 7, where it recorded a net buy of -194 million yuan [1]. Shareholder Information - As of November 20, the number of shareholders of Yunnan Ge Industry was 103,600, an increase of 3.17% from the previous period. The average circulating shares per person were 6,305, a decrease of 3.08% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third-largest shareholder, holding 16.43 million shares, an increase of 10.59 million shares from the previous period [3].

Company Overview - Yunnan Ge Industry Co., Ltd. is located in Kunming, Yunnan Province, and was established on August 19, 1998, with its listing date on June 8, 2010 [2] - The company specializes in the mining, refining, and processing of germanium, with main products including zone-refined germanium ingots, infrared-grade germanium single crystals, and germanium lenses [2] - The primary application fields for its products include infrared optics and solar cells [2] Financial Performance - For the period from January to September 2025, Yunnan Ge Industry achieved operating revenue of 799 million yuan, representing a year-on-year growth of 58.89% [2] - The net profit attributable to the parent company was 18.15 million yuan, showing a year-on-year decrease of 38.43% [2] - Cumulatively, the company has distributed 179 million yuan in dividends since its A-share listing, with 32.66 million yuan distributed over the past three years [3] Stock Performance - As of December 1, Yunnan Ge Industry's stock price increased by 2.03%, reaching 26.60 yuan per share, with a total market capitalization of 17.373 billion yuan [1] - The stock has risen by 40.96% year-to-date, with a 7.69% increase over the last five trading days, but has seen a decline of 2.60% over the last 20 days and 11.19% over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent instance on November 7, where it recorded a net buy of -194 million yuan [1] Shareholder Information - As of November 20, the number of shareholders for Yunnan Ge Industry was 103,600, an increase of 3.17% from the previous period [2] - The average number of circulating shares per shareholder was 6,305, a decrease of 3.08% from the previous period [2] - Major shareholders include Hong Kong Central Clearing Limited, which holds 16.43 million shares, and Southern CSI 1000 ETF, which holds 4.78 million shares [3]

Group 1 - Yunnan Ge Industry's stock rose by 5.19% to 26.33 CNY per share, with a trading volume of 423 million CNY and a turnover rate of 2.52%, resulting in a total market capitalization of 17.197 billion CNY [1] - The company, established on August 19, 1998, and listed on June 8, 2010, specializes in the mining, refining, and processing of germanium, with main products including zone-refined germanium ingots and infrared-grade germanium single crystals [1] - The revenue composition of the company's main products includes material-grade germanium products (29.26%), photovoltaic-grade germanium products (23.34%), optical fiber-grade germanium products (21.98%), infrared-grade germanium products (12.45%), compound semiconductor materials (10.54%), and others (2.44%) [1] Group 2 - Among the top ten circulating shareholders of Yunnan Ge Industry, a fund under Southern Fund holds a position, specifically the Southern CSI 1000 ETF (512100), which reduced its holdings by 49,500 shares in the third quarter, now holding 4.7786 million shares, accounting for 0.73% of circulating shares [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 76.63 billion CNY, achieving a year-to-date return of 23.15% and a one-year return of 22.74% [2]

Group 1 - Yunnan Ge Industry's stock rose by 5.11% to 27.98 CNY per share, with a trading volume of 1.008 billion CNY and a turnover rate of 5.79%, resulting in a total market capitalization of 18.274 billion CNY [1] - The company, established on August 19, 1998, and listed on June 8, 2010, specializes in germanium mining, smelting, purification, and deep processing, with main products including zone-refined germanium ingots and infrared-grade germanium single crystals [1] - The revenue composition of the company's main products includes material-grade germanium products (29.26%), photovoltaic-grade germanium products (23.34%), optical fiber-grade germanium products (21.98%), infrared-grade germanium products (12.45%), compound semiconductor materials (10.54%), and others (2.44%) [1] Group 2 - Southern Fund's Southern CSI 1000 ETF (512100) is among the top ten circulating shareholders of Yunnan Ge Industry, having reduced its holdings by 49,500 shares in the third quarter, now holding 4.7786 million shares, which is 0.73% of the circulating shares [2] - The Southern CSI 1000 ETF has a total scale of 76.63 billion CNY, with a year-to-date return of 26.51% and a one-year return of 26.25%, ranking 1845 out of 4208 and 1735 out of 3956 respectively [2]

Core Viewpoint - Yunnan Ge Industry's stock price has shown significant volatility, with a year-to-date increase of 41.34%, but a recent decline over the past five trading days of 7.97% [1] Group 1: Company Overview - Yunnan Lincang Xinyuan Ge Industry Co., Ltd. was established on August 19, 1998, and listed on June 8, 2010. The company specializes in germanium ore mining, refining, and deep processing, with main products including zone-melt germanium ingots and infrared-grade germanium single crystals [2] - The company's revenue composition includes material-grade germanium products (29.26%), photovoltaic-grade germanium products (23.34%), optical fiber-grade germanium products (21.98%), infrared-grade germanium products (12.45%), compound semiconductor materials (10.54%), and others (2.44%) [2] Group 2: Financial Performance - For the period from January to September 2025, Yunnan Ge Industry achieved operating revenue of 799 million yuan, representing a year-on-year growth of 58.89%. However, the net profit attributable to shareholders decreased by 38.43% to 18.15 million yuan [2] - The company has distributed a total of 179 million yuan in dividends since its A-share listing, with 32.66 million yuan distributed over the past three years [3] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders of Yunnan Ge Industry reached 100,400, an increase of 9.89% from the previous period. The average circulating shares per person decreased by 9.00% to 6,505 shares [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third-largest, holding 16.43 million shares, an increase of 10.59 million shares from the previous period [3]

Core Viewpoint - Yunnan Germanium announced on November 12 that it currently has a production capacity of 60 tons/year for germanium tetrachloride used in optical fibers and plans to produce 35 tons by 2025, with no current plans for capacity expansion [1] Group 1: Production Capacity - The company has a current production capacity of 60 tons/year for optical fiber-grade germanium tetrachloride [1] - The planned production for 2025 is 35 tons of optical fiber-grade germanium tetrachloride [1] - There are no plans for expanding the production capacity of optical fiber-grade germanium tetrachloride at this time [1] Group 2: Advanced Germanium Materials Project - The "Advanced Germanium Materials Construction Project" includes high-purity germanium tetrachloride, which serves as a semi-finished product in the supply chain [1] - High-purity germanium tetrachloride can be processed into optical fiber-grade germanium tetrachloride or further refined into zone-melted germanium ingots through hydrolysis and zone melting processes [1]

Group 1 - Yunnan Ge Industry's stock price increased by 2.59% on November 11, reaching 27.34 CNY per share, with a trading volume of 406 million CNY and a market capitalization of 17.856 billion CNY [1] - The company has seen a year-to-date stock price increase of 44.89%, with a 5-day increase of 5.52%, a 20-day decrease of 5.07%, and a 60-day increase of 20.92% [1] - Yunnan Ge Industry has appeared on the "Dragon and Tiger List" three times this year, with the most recent instance on November 7, where it recorded a net buy of -194 million CNY [1] Group 2 - Yunnan Lincang Xinyuan Ge Industry Co., Ltd. was established on August 19, 1998, and listed on June 8, 2010, focusing on germanium mining, refining, and deep processing [2] - The company's main products include zone-melt germanium ingots, infrared-grade germanium single crystals, and germanium lenses, primarily used in infrared optics and solar cells [2] - The revenue composition of Yunnan Ge Industry includes material-grade germanium products (29.26%), photovoltaic-grade germanium products (23.34%), optical fiber-grade germanium products (21.98%), infrared-grade germanium products (12.45%), compound semiconductor materials (10.54%), and others (2.44%) [2] Group 3 - As of September 30, 2025, the top ten circulating shareholders of Yunnan Ge Industry include Hong Kong Central Clearing Limited, which holds 16.4279 million shares, an increase of 10.5921 million shares from the previous period [3] - Southern CSI 1000 ETF is the fifth-largest circulating shareholder with 4.7786 million shares, a decrease of 49,500 shares from the previous period [3] - Huaxia CSI 1000 ETF ranks as the eighth-largest circulating shareholder with 2.8394 million shares, a decrease of 5,500 shares from the previous period [3]

Group 1 - Yunnan Ge Industry's stock price dropped by 5.05% to 25.93 CNY per share, with a trading volume of 680 million CNY and a turnover rate of 3.94%, resulting in a total market capitalization of 16.935 billion CNY [1] - The company, established on August 19, 1998, and listed on June 8, 2010, specializes in germanium mining, smelting, purification, and deep processing, with main products including zone-refined germanium ingots and infrared-grade germanium single crystals [1] - The revenue composition of the company's main products includes material-grade germanium products (29.26%), photovoltaic-grade germanium products (23.34%), optical fiber-grade germanium products (21.98%), infrared-grade germanium products (12.45%), compound semiconductor materials (10.54%), and others (2.44%) [1] Group 2 - Southern Fund's Southern CSI 1000 ETF (512100) is among the top ten circulating shareholders of Yunnan Ge Industry, having reduced its holdings by 49,500 shares in the third quarter, now holding 4.7786 million shares, which is 0.73% of the circulating shares [2] - The Southern CSI 1000 ETF has a total scale of 76.63 billion CNY, with a year-to-date return of 28.02% and a one-year return of 28.69% [2]

Core Viewpoint - Yunnan Ge Industry has shown a significant increase in stock price and financial performance, indicating strong market interest and growth potential in the germanium sector [1][2]. Financial Performance - As of October 20, 2025, Yunnan Ge Industry achieved a revenue of 529 million yuan, representing a year-on-year growth of 52.10% [2]. - The net profit attributable to shareholders reached 22.15 million yuan, marking a substantial increase of 339.60% year-on-year [2]. - The company's stock price has increased by 38.95% year-to-date, although it has experienced a slight decline of 2.24% over the past five trading days [1]. Stock Market Activity - On October 24, the stock price rose by 2.14% to 26.22 yuan per share, with a trading volume of 73.87 million yuan and a turnover rate of 0.43% [1]. - The company has appeared on the "龙虎榜" (a list of stocks with significant trading activity) twice this year, with the most recent appearance on August 20 [1]. Shareholder Information - As of October 20, 2025, the number of shareholders increased to 109,500, up by 3.35% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 3.24% to 5,963 shares [2]. Business Overview - Yunnan Ge Industry, established in 1998 and listed in 2010, specializes in germanium mining, refining, and deep processing, with key products including zone-refined germanium ingots and infrared-grade germanium single crystals [2]. - The revenue composition includes material-grade germanium products (29.26%), photovoltaic-grade germanium products (23.34%), and fiber-optic-grade germanium products (21.98%) [2]. Dividend Distribution - Since its A-share listing, Yunnan Ge Industry has distributed a total of 179 million yuan in dividends, with 32.66 million yuan distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, major shareholders include Hong Kong Central Clearing Limited and various ETFs, indicating growing institutional interest in the company [3].

Core Insights - Yunnan Ge Industry's stock price decreased by 2.01% on October 20, closing at 26.28 CNY per share, with a total market capitalization of 17.164 billion CNY [1] - The company has seen a year-to-date stock price increase of 39.27%, but has experienced a decline of 14.20% over the last five trading days [1] Company Overview - Yunnan Lincang Xinyuan Ge Industry Co., Ltd. was established on August 19, 1998, and listed on June 8, 2010 [2] - The company specializes in germanium ore mining, refining, and deep processing, with main products including zone-refined germanium ingots and infrared-grade germanium single crystals [2] - The revenue composition includes material-grade germanium products (29.26%), photovoltaic-grade germanium products (23.34%), and fiber-optic-grade germanium products (21.98%) [2] Financial Performance - For the first half of 2025, Yunnan Ge Industry reported revenue of 529 million CNY, a year-on-year increase of 52.10%, and a net profit of 22.1498 million CNY, up 339.60% [2] - The company has distributed a total of 1.79 billion CNY in dividends since its A-share listing, with 32.656 million CNY distributed over the last three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 5.10% to 106,000, with an average of 6,162 circulating shares per shareholder, an increase of 5.38% [2][3] - Major shareholders include Hong Kong Central Clearing Limited and various ETFs, indicating a diversified ownership structure [3]