注:此报价为整理多家国内生产石英砂、坩埚企业以及下 游拉晶企业报价,均为含税价,涨跌幅度根据上周报价比 较所得。 数据来源:安泰科 采编:张博 | 石英増場价格(万元/只) | | | | | | --- | --- | --- | --- | --- | | 类别 | 最高价 | 最低价 | 均价 | 波动 | | 28 寸石英堆娲 | 0. 62 | 0. 6 | 0. 61 | 0 | | 32 寸石英坩娲 | 0. 68 | 0.62 | 0. 65 | -0. 01 | | 36 寸石英坤娲 | 0. 74 | 0. 72 | 0. 73 | -0. 01 | | | | | | 2025-11-25 | | 高纯石英砂(万元/吨) | | | | | | --- | --- | --- | --- | --- | | 类别 | 最高价 | 最低价 | 均价 | 波动 | | 进口石英砂 | 8.2 | 7 | 7.6 | -0. 1 | | 内层石英砂 | 6 | 4. 6 | 5. 3 | -0. 2 | | 中层石英砂 | 2. 6 | 2. 2 | 2.4 | -0. 1 | | 外层石英砂 ...

数据来源:安泰科 采编:张博 | 高纯石英砂(万元/吨) | | | | | | --- | --- | --- | --- | --- | | 类别 | 最高价 | 最低价 | 均价 | 波动 | | 进口石英砂 | 8. 4 | 7 | 7.7 | -0. 25 | | 内层石英砂 | 6 | 5 | 5.5 | -0. 1 | | 中层石英砂 | 2. 6 | 2. 4 | 2. 5 | -0. 05 | | 外层石英砂 | 2 | 1.7 | 1. 85 | -0. 05 | | | | | | 2025-11-18 | 注:此报价为整理多家国内生产石英砂、坩埚企业以及下 游拉晶企业报价,均为含税价,涨跌幅度根据上周报价比 较所得。 | 石英増場价格(万元/只) | | | | | | --- | --- | --- | --- | --- | | 类别 | 最高价 | 最低价 | 均价 | 波动 | | 28 寸石英坤娲 | 0. 62 | 0. 6 | 0. 61 | 0 | | 32 寸石英坩娲 | 0. 68 | 0. 64 | 0. 66 | -0. 02 | | 36 寸石英म锅 | 0. ...

Core Viewpoint - Quartz Co., Ltd. has shown a significant stock price increase of 38.68% year-to-date, despite a recent slight decline in the last five and twenty trading days [1][2] Company Overview - Jiangsu Pacific Quartz Co., Ltd. is located in Lianyungang City, Jiangsu Province, and was established on April 23, 1999, with its listing date on October 31, 2014 [1] - The company specializes in the research, production, and sales of high-purity quartz sand, quartz tubes (rods, plates, ingots, and cylinders), quartz crucibles, and other quartz materials, primarily used in light sources, photovoltaics, semiconductors, and optical fibers [1] - The revenue composition of the main business includes quartz tubes (rods) at 82.56%, quartz sand at 13.38%, other products at 3.61%, and quartz crucibles at 0.45% [1] Financial Performance - For the period from January to September 2025, Quartz Co. reported a revenue of 753 million yuan, a year-on-year decrease of 24.46%, and a net profit attributable to shareholders of 135 million yuan, down 56.81% year-on-year [2] - The company has distributed a total of 3.374 billion yuan in dividends since its A-share listing, with 2.945 billion yuan distributed in the last three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders for Quartz Co. was 55,200, a decrease of 13.28% from the previous period, with an average of 9,813 circulating shares per person, an increase of 15.32% [2] - Major shareholders include Hong Kong Central Clearing Limited, which holds 11.6441 million shares, and new entrants such as Guotai Value Advantage Mixed Fund and E Fund Environmental Theme Mixed Fund [3]

注:此报价为整理多家国内生产石英砂、坩埚企业以及下 游拉晶企业报价,均为含税价,涨跌幅度根据上周报价比 较所得。 数据来源:安泰科 采编:张博 | 高纯石英砂(万元/吨) | | | | | | --- | --- | --- | --- | --- | | 类别 | 最高价 | 最低价 | 均价 | 波动 | | 进口石英砂 | 8. 4 | 7.5 | 7. 95 | -0. 425 | | 内层石英砂 | 6.2 | 5 | 5.6 | -0.2 | | 中层石英砂 | 2. 6 | 2. 5 | 2. 55 | -0.1 | | 外层石英砂 | 2 | 1.8 | 1.9 | -0. 05 | | | | | | 2025-11-11 | | 石英増場价格(万元/只) | | | | | | --- | --- | --- | --- | --- | | 类别 | 最高价 | 最低价 | 均价 | 波动 | | 28 寸石英म锅 | 0. 62 | 0. 6 | 0. 61 | 0 | | 32 寸石英坩娲 | 0. 7 | 0.66 | 0. 68 | 0 | | 36 寸石英坩娲 | 0. 78 ...

Core Viewpoint - Tianyi New Materials has initiated a pre-restructuring process due to liquidity risks and creditor claims, highlighting ongoing financial difficulties and regulatory scrutiny [1][2]. Group 1: Company Financial Situation - Tianyi New Materials is facing a pre-restructuring process initiated by the Beijing First Intermediate People's Court due to claims from creditor Tianjin Shengyu Automotive Parts Co., Ltd. regarding the company's inability to repay debts and lack of assets to cover liabilities [1]. - The company has been under regulatory scrutiny since 2022, with concerns raised about its operational risks and liquidity issues stemming from a decline in demand for its main product, brake pads, due to the pandemic and increased industry competition [1][2]. - In the 2024 annual report inquiry response, the company acknowledged that funding shortages remain a primary issue, indicating potential liquidity risks if the industry continues to decline [2]. Group 2: Regulatory and Legal Challenges - The Shanghai Stock Exchange has continuously monitored Tianyi New Materials, issuing multiple inquiries regarding the company's revenue growth juxtaposed with declining net profits and fluctuating gross margins [2]. - The company has reported multiple account freezes and legal disputes, with its bank accounts facing repeated freezes since July 2025, which has hindered daily operations and specific fundraising projects [2]. - There is uncertainty regarding whether the company will successfully enter the restructuring process, as the court's decision to initiate pre-restructuring does not guarantee acceptance of the final restructuring application [2].

Core Viewpoint - Tianyi New Materials (688033.SH) has initiated a pre-restructuring process due to financial difficulties, primarily driven by industry-wide challenges in the photovoltaic sector and increased competition in the rail transit market [1][2][3][4] Company Overview - Tianyi New Materials is a leading supplier of powder metallurgy brake pads for high-speed trains, listed on the Sci-Tech Innovation Board since July 22, 2019 [1] - The company has expanded its product innovation and industrial application strategy in green energy materials, including carbon-carbon composites for photovoltaic applications and high-performance carbon-ceramic composites for new energy vehicles [1] Industry Challenges - The global photovoltaic industry has entered a deep cyclical adjustment period starting in 2024, characterized by supply-demand mismatches and significant price declines, with core component prices dropping to one-third of their peak [2] - The carbon-carbon composite and quartz crucible sectors, where Tianyi operates, are experiencing severe impacts from overcapacity and price declines, leading to reduced revenue and gross margin [2] - Increased competition in the rail transit brake pad market, with nearly ten certified suppliers, has pressured Tianyi's margins and revenue despite maintaining a strong market position [2] Financial Strain - Tianyi's financial performance has been under significant pressure, with multiple lawsuits leading to the freezing of most bank accounts, totaling 133.52 million yuan, which is 3.86% of the company's net assets and 74.52% of its cash [3] - As of the third quarter, the company reported total assets of 5.837 billion yuan, with fixed assets of 3.034 billion yuan and accounts receivable of 690 million yuan, while achieving a revenue of 564 million yuan [3] Business Segments and Future Outlook - The company maintains advantages in technology development, customer channels, and manufacturing across its four business segments: rail transit, photovoltaic new energy, automotive, and aerospace [4] - Despite the cyclical downturn in the photovoltaic sector, there is potential for recovery and performance improvement once the industry reaches an inflection point [4] - The restructuring process is viewed as a viable option for companies with recovery potential, allowing them to alleviate financial burdens and regain operational capabilities [4]

Core Viewpoint - Tianyi New Materials (688033.SH) has initiated a pre-restructuring process due to financial difficulties, primarily driven by industry-wide challenges in the photovoltaic sector and increased competition in the rail transit market [1][2][3] Company Overview - Tianyi New Materials is a leading supplier of powder metallurgy brake pads for high-speed trains in China, listed on the Sci-Tech Innovation Board since July 22, 2019 [1] - The company has expanded its product innovation and industrial application strategy in green energy materials, including carbon/carbon composites for photovoltaic new energy, high-performance carbon-ceramic composites for new energy vehicles, and carbon fiber composites for aerospace [1] Industry Challenges - The global photovoltaic industry has entered a deep cyclical adjustment period starting in 2024, characterized by supply-demand mismatches and significant price declines, with core component prices dropping to one-third of their peak [2] - Tianyi New Materials' core products, including photovoltaic carbon/carbon composites and quartz crucibles, are severely impacted due to upstream position in the photovoltaic supply chain [2] - The carbon/carbon composite industry faces overcapacity and price declines, while the quartz crucible sector is experiencing price retraction due to increased volume and reduced prices in photovoltaic products [2] Financial and Operational Impact - Tianyi New Materials has faced significant performance pressure, with multiple lawsuits leading to the freezing of most bank accounts, totaling 133.52 million yuan, which is 3.86% of the company's net assets as of mid-2025 [3] - The company reported total assets of 5.837 billion yuan and a revenue of 564 million yuan for the first three quarters of the year, with a continued reduction in net profit [3] Business Segments and Future Outlook - The company operates in four main business segments: rail transit, photovoltaic new energy, automotive, and aerospace, maintaining advantages in technology development, customer channels, and manufacturing capabilities [4] - The rail transit segment remains a stable foundation for the company, while the photovoltaic new energy segment, despite current challenges, has potential for growth when the industry recovers [4] - The restructuring process is seen as a potential opportunity for the company to alleviate financial burdens and regain operational capabilities, similar to other companies that have successfully navigated through restructuring [4]

Core Viewpoint - Quartz Co., Ltd. has experienced a stock price increase of 39.42% year-to-date, but has seen a decline of 5.44% in the last five trading days and 8.15% in the last twenty days, indicating volatility in its recent performance [1][2]. Company Overview - Jiangsu Pacific Quartz Co., Ltd. is located in Lianyungang City, Jiangsu Province, and was established on April 23, 1999. The company was listed on October 31, 2014. Its main business involves the research, production, and sales of high-purity quartz sand, quartz tubes (rods, plates, ingots, and cylinders), quartz crucibles, and other quartz materials, primarily used in light sources, photovoltaics, semiconductors, and optical fibers [1]. - The revenue composition of the company is as follows: quartz tubes (rods) account for 82.56%, quartz sand for 13.38%, other products for 3.61%, and quartz crucibles for 0.45% [1]. Financial Performance - For the period from January to September 2025, Quartz Co. achieved an operating income of 753 million yuan, a year-on-year decrease of 24.46%. The net profit attributable to the parent company was 135 million yuan, down 56.81% year-on-year [2]. - Since its A-share listing, the company has distributed a total of 3.374 billion yuan in dividends, with 2.945 billion yuan distributed over the last three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Quartz Co. was 55,200, a decrease of 13.28% from the previous period. The average number of circulating shares per person increased by 15.32% to 9,813 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest, holding 11.6441 million shares, an increase of 3.6438 million shares from the previous period. New shareholders include Guotai Value Advantage Mixed Fund (LOF) A and E Fund Environmental Theme Mixed Fund A [3].

Core Viewpoint - Quartz Co., Ltd. has experienced a continuous decline in stock price, with a total drop of 9.22% over the last five days, leading to concerns about its market performance and investor sentiment [1]. Company Overview - Quartz Co., Ltd. is located in Lianyungang City, Jiangsu Province, and was established on April 23, 1999, with its listing date on October 31, 2014. The company specializes in the research, production, and sales of high-purity quartz sand, quartz tubes (rods, plates, ingots, and cylinders), quartz crucibles, and other quartz materials [1]. - The main applications of its products include light sources, photovoltaics, semiconductors, and fiber optics [1]. - The revenue composition of the company is as follows: quartz tubes (rods) 82.56%, quartz sand 13.38%, others 3.61%, and quartz crucibles 0.45% [1]. Stock Performance - As of November 5, the stock price of Quartz Co., Ltd. is 39.00 CNY per share, with a trading volume of 500 million CNY and a turnover rate of 2.38%. The total market capitalization is 21.125 billion CNY [1]. - The stock has seen a decline of 0.99% on the reporting day, continuing a downward trend over the past five days [1]. Shareholder Insights - E Fund's Environmental Theme Mixed A Fund (001856) has entered the top ten circulating shareholders of Quartz Co., Ltd., holding 3.3806 million shares, which accounts for 0.62% of the circulating shares [2]. - The fund has incurred a floating loss of approximately 1.3185 million CNY today and a total floating loss of 13.3874 million CNY during the five-day decline [2]. Fund Manager Profile - The fund manager of E Fund's Environmental Theme Mixed A Fund is Qi He, who has been in the position for 7 years and 316 days. The total asset size of the fund is 17.266 billion CNY [3]. - During his tenure, the best fund return achieved was 332.11%, while the worst return was 5.22% [3]. Fund Holdings - E Fund's Environmental Theme Mixed A Fund has Quartz Co., Ltd. as its ninth-largest holding, with 3.3806 million shares, representing 3.36% of the fund's net value [4]. - The fund has also experienced a floating loss of approximately 1.3185 million CNY today and a total floating loss of 13.3874 million CNY during the five-day decline [4].

Core Viewpoint - The article provides a detailed analysis of the pricing trends for high-purity quartz sand and quartz crucibles, highlighting the price fluctuations and average prices across different categories as of November 4, 2025 [1]. Pricing Trends for High-Purity Quartz Sand - Import quartz sand has a highest price of 8.75 million yuan per ton, a lowest price of 8 million yuan, and an average price of 8.375 million yuan, with no price fluctuation [1]. - Inner layer quartz sand shows a highest price of 6.6 million yuan, a lowest price of 5 million yuan, and an average price of 5.8 million yuan, with a decrease of 0.2 million yuan [1]. - Middle layer quartz sand has a highest price of 2.8 million yuan, a lowest price of 2.5 million yuan, and an average price of 2.65 million yuan, with a decrease of 0.1 million yuan [1]. - Outer layer quartz sand records a highest price of 2.1 million yuan, a lowest price of 1.8 million yuan, and an average price of 1.95 million yuan, with a decrease of 0.05 million yuan [1]. Pricing Trends for Quartz Crucibles - The 28-inch quartz crucible has a highest price of 0.62 million yuan, a lowest price of 0.6 million yuan, and an average price of 0.61 million yuan, with no price fluctuation [1]. - The 32-inch quartz crucible shows a highest price of 0.7 million yuan, a lowest price of 0.66 million yuan, and an average price of 0.68 million yuan, with no price fluctuation [1]. - The 36-inch quartz crucible has a highest price of 0.78 million yuan, a lowest price of 0.74 million yuan, and an average price of 0.76 million yuan, with no price fluctuation [1].