2026.01. 30 本文字数：2088，阅读时长大约4分钟 作者 | 第一财经 安卓 1月30日，江丰电子（300666.SZ）、凯德石英（920179.BJ）双双停牌，根据29日晚间公告，江 丰电子拟以现金收购凯德石英控制权。交易完成后，凯德石英将成为江丰电子的控股子公司。 从两者的业务结构来看，江丰电子收购凯德石英，或将其作为精密零部件业务的补充。石英件是半导 体精密零部件关键的基础材料部件之一。 停牌前，江丰电子股价收报113.48元/股，市值301亿元；凯德石英股价收报50.89元/股，市值38 亿元。据了解，这是2026年的首例"A吃A"。 今 年首例"A收A" 29日晚间，凯德石英公告称，公司实际控制人张忠恕、王毓敏及其一致行动人张凯轩、北京德益诚 投资发展中心（有限合伙）、北京英凯石英投资发展中心（有限合伙）正在筹划重大事项，拟将部分 股权转让予江丰电子，该事项可能导致公司控制权发生变更。 江丰电子同步公告，基于公司整体战略规划及未来发展需要，公司拟以现金收购凯德石英控制权。本 次交易完成后，公司将成为凯德石英的控股股东，凯德石英将成为公司的控股子公司。本次交易预计 不构成《上市公司重大资产 ...

股票今起停牌 江丰电子1月29日晚间公告，基于公司整体战略规划及未来发展需要，公司拟以现金收购凯德石英控制 权。此次交易完成后，公司将成为凯德石英的控股股东，凯德石英将成为公司的控股子公司。此次交易 预计不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 1月29日晚，江丰电子、凯德石英双双公告，江丰电子拟以现金收购凯德石英控制权。交易完成后，凯 德石英将成为江丰电子的控股子公司。两家上市公司股票今起停牌。 目前相关方案尚待进一步商讨确定，各方尚未签署相关协议，具体情况以各方签订的相关协议为准。 数据显示，江丰电子1月29日收盘下跌4.28%，报113.48元/股。公司1月19日盘中最高达131.99元/股，创 历史新高。 凯德石英于2022年3月4日在北交所上市，成为"北交所石英制品第一股"。 数据显示，截至1月29日收盘，凯德石英股价报50.89元/股，收盘涨幅为2.91%。1月16日，凯德石英盘 中股价最高达59.58元/股，股价创历史新高。 凯德石英2025年半年报显示，公司主营业务为石英仪器、石英管道、石英舟等石英玻璃制品的生产、研 发和销售；公司产品作为下游企业的关键生产耗材，广泛应用于半 ...

Group 1 - The core viewpoint of the news is the significant increase in the stock price of Hubei Feilihua Quartz Glass Co., Ltd., which rose by 6.16% to 99.68 CNY per share, with a trading volume of 758 million CNY and a market capitalization of 52.06 billion CNY [1] - Hubei Feilihua specializes in the production and sales of high-performance quartz glass materials and products, primarily serving industries such as optical communications, semiconductors, solar energy, and aerospace [1] - The company's main business revenue composition includes quartz glass materials at 70.80%, quartz glass products at 28.91%, and other products at 0.30% [1] Group 2 - From the perspective of fund holdings, the Yuanxin Yongfeng Fund has a significant position in Feilihua, with its Yuanxin Yongfeng Select Return Fund (006564) holding 7,500 shares, representing 3.21% of the fund's net value [2] - The Yuanxin Yongfeng Select Return Fund has seen a year-to-date return of 7.07% and a one-year return of 46.09%, ranking 1913 out of 8840 and 2357 out of 8094 respectively [2] - The fund manager, Zou Wei, has been in charge for nearly 7 years, achieving a best return of 150.6% and a worst return of 44% during his tenure [3]

Core Viewpoint - The stock price of Feilihua has experienced a decline of 6.58% year-to-date, with a notable drop of 2.02% on January 12, 2025, indicating potential volatility in the market [1]. Financial Performance - For the period from January to September 2025, Feilihua achieved a revenue of 1.382 billion yuan, representing a year-on-year growth of 5.17% [2]. - The net profit attributable to shareholders for the same period was 334 million yuan, showing a significant increase of 42.23% compared to the previous year [2]. Shareholder and Market Activity - As of September 30, 2025, the number of shareholders increased to 31,400, a rise of 115.79%, while the average circulating shares per person decreased by 53.66% to 16,346 shares [2]. - The stock experienced a net outflow of 67.59 million yuan in principal funds on January 12, 2025, with significant selling pressure observed [1]. Dividend Distribution - Since its A-share listing, Feilihua has distributed a total of 677 million yuan in dividends, with 275 million yuan distributed over the last three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited emerged as the fourth-largest circulating shareholder with 10.7457 million shares, marking its entry as a new shareholder [3]. - The top ten circulating shareholders include various ETFs, with notable changes in holdings, such as E Fund's ChiNext ETF reducing its stake by 1.5201 million shares [3].

Group 1 - The stock of Hubei Feilihua Quartz Glass Co., Ltd. increased by 5% to 93.64 CNY per share, with a trading volume of 1.242 billion CNY and a turnover rate of 2.63%, resulting in a total market capitalization of 48.905 billion CNY [1] - The company, established on January 22, 1999, and listed on September 10, 2014, specializes in the production and sales of high-performance quartz glass materials and products for various sectors including optical communications, semiconductors, solar energy, and aerospace [1] - The revenue composition of the company includes 70.80% from quartz glass materials, 28.91% from quartz glass products, and 0.30% from other sources [1] Group 2 - Anxin Fund has one fund heavily invested in Feilihua, specifically the Anxin Xiyue Steady Pension One-Year Holding Mixed Fund (FOF) A, which increased its holdings by 400 shares to a total of 1,400 shares, representing 0.19% of the fund's net value [2] - The fund has a current scale of 55.0774 million CNY and has achieved a year-to-date return of 7.86%, ranking 684 out of 1,037 in its category [2] - Since its inception on June 9, 2020, the fund has generated a total return of 20.3% [2]

Core Viewpoint - The company reported a significant decline in revenue from quartz glass products in the first half of 2025, primarily due to challenges in the photovoltaic sector, including supply-demand mismatches and intensified competition [1] Group 1: Financial Performance - The revenue from quartz glass products for the first half of 2025 was 262 million yuan, representing a year-on-year decrease of 30.93% [1]

Group 1: Financial Performance - In the first half of 2025, revenue from quartz glass materials reached 6.43 billion CNY, a year-on-year increase of 21.35%, driven by the recovery in the global semiconductor industry and demand in the aerospace sector [2] - Revenue from quartz glass products was 2.62 billion CNY, a year-on-year decline of 30.93%, primarily due to the impact of the photovoltaic sector and intensified competition in the industry [2] Group 2: Industry Outlook - The company sees strong growth opportunities in high-performance quartz glass materials and products, particularly in semiconductor, aerospace, optical, and electronic circuit industries, which are essential for major national projects [2][3] - The semiconductor market is expected to remain robust, with the company positioned to benefit from the ongoing demand for quartz glass materials in semiconductor processes [10] Group 3: Strategic Responses - To address the downturn in the photovoltaic and optical communication sectors, the company is focusing on technological advancements and process improvements to enhance production efficiency and profitability [4] - The company is actively managing costs and budgets to sustain profitability in challenging market conditions [4] Group 4: Production Capacity and R&D - The company has completed the first phase of high-purity quartz sand production with a capacity of 10,000 tons, applicable in photovoltaic and optical communication fields [10] - The high-purity synthetic quartz sand project is currently in the pilot testing phase, contributing to the company's complete supply chain [10] Group 5: Legal Matters - The company has won a first-instance judgment for 202.42 million CNY in a trade secret infringement case, which is currently under appeal [12] Group 6: Talent Management - The company emphasizes talent retention and innovation through equity incentive plans, having implemented four phases covering nearly a thousand participants to share the benefits of corporate growth [12]

Group 1 - The core point of the news is that Hubei Feilihua Quartz Glass Co., Ltd. has seen a stock price increase of 5%, reaching 73.03 CNY per share, with a trading volume of 1.377 billion CNY and a turnover rate of 3.73%, resulting in a total market capitalization of 38.141 billion CNY [1] - Hubei Feilihua specializes in the production and sales of high-performance quartz glass materials and products, quartz fibers, and related products, primarily serving industries such as optical communications, semiconductors, solar energy, and aerospace [1] - The company's main business revenue composition includes quartz glass materials at 70.80%, quartz glass products at 28.91%, and other products at 0.30% [1] Group 2 - From the perspective of fund holdings, Huatai Asset Management has a fund that heavily invests in Feilihua, specifically the Huatai Zijin CSI 500 Index Enhanced Initiation A (016865), which held 2,000 shares in the third quarter, accounting for 0.84% of the fund's net value, ranking as the ninth largest holding [2] - The Huatai Zijin CSI 500 Index Enhanced Initiation A fund was established on February 22, 2023, with a latest scale of 13.292 million CNY, achieving a year-to-date return of 23.85%, ranking 1595 out of 4209 in its category [2] - The fund has a one-year return of 21.92%, ranking 1432 out of 3982, and a cumulative return since inception of 19.27% [2]

Core Viewpoint - The recent trading activity and financial performance of Hubei Feilihua Quartz Glass Co., Ltd. indicate a strong market presence and growth potential, with significant increases in shareholder numbers and profitability metrics [1][2]. Group 1: Trading Activity - On November 20, Feilihua's stock rose by 3.20%, with a trading volume of 1.485 billion yuan [1]. - The margin trading data shows a financing buy of 156 million yuan and a repayment of 188 million yuan, resulting in a net financing outflow of 32.82 million yuan [1]. - As of November 20, the total margin trading balance for Feilihua was 1.418 billion yuan, with a financing balance of 1.406 billion yuan, accounting for 3.58% of the circulating market value, indicating a high level compared to the past year [1]. Group 2: Financial Performance - For the period from January to September 2025, Feilihua reported a revenue of 1.382 billion yuan, reflecting a year-on-year growth of 5.17% [2]. - The net profit attributable to shareholders for the same period was 334 million yuan, showing a significant year-on-year increase of 42.23% [2]. - Cumulatively, Feilihua has distributed 677 million yuan in dividends since its A-share listing, with 275 million yuan distributed over the past three years [2]. Group 3: Shareholder Structure - As of September 30, 2025, the number of shareholders for Feilihua reached 31,400, an increase of 115.79% compared to the previous period [2]. - The average number of circulating shares per shareholder decreased by 53.66% to 16,346 shares [2]. - Notable institutional holdings include Hong Kong Central Clearing Limited as the fourth-largest shareholder with 10.746 million shares, and new entrants like Southern CSI 500 ETF and Southern Military Reform Flexible Allocation Mixed A [2].

Group 1 - The core point of the news is the significant increase in the stock price of Hubei Feilihua Quartz Glass Co., Ltd., which rose by 5.21% to 76.97 CNY per share, with a total market capitalization of 40.199 billion CNY [1] - Hubei Feilihua specializes in the production and sales of high-performance quartz glass materials and products, primarily serving industries such as optical communications, semiconductors, solar energy, and aerospace [1] - The company's main revenue sources are quartz glass materials (70.80%), quartz glass products (28.91%), and other sources (0.30%) [1] Group 2 - The Hongde Fund has a significant position in Feilihua, with its Hongde CSI 500 Index Enhanced A fund holding 7,400 shares, representing 0.9% of the fund's net value [2] - The fund reduced its holdings by 2,300 shares in the third quarter, and the current floating profit from this investment is approximately 28,200 CNY [2] - The Hongde CSI 500 Index Enhanced A fund has a total asset size of 33.8361 million CNY and has achieved a return of 24.46% since its inception [2]