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Composite Copper Foil Concept Surges, Zhongyi Tech Hits 20% Daily Limit
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On September 23, the composite copper foil concept sector surged in the A-share market, with Zhongyi Technology hitting the 20% daily limit, and Victory Precision and Wogo Photoelectric also hitting the 10% limit. The broader market was mixed, with the Shanghai Composite Index down 0.36% and the ChiNext Index down 0.43% by midday. The real estate sector bucked the trend, rising with Huayuan Holdings and Woaiwojia hitting daily limits. Several stocks continued to rally despite issuing risk warnings. Dayashengxiang, which has risen for four consecutive sessions, warned that its ultra-thin PCB fiberboard is not an electronic component and contributes little to revenue. Taimushi also hit its third consecutive daily limit, stating it has no undisclosed material information. Ojiakang, on a three-day winning streak, warned that its controlling shareholder's share transfer is pending regulatory review.
Source report
Composite Copper Foil Concept Rallies
The composite copper foil concept sector saw a significant surge on the morning of September 23, becoming one of the key market highlights.
Other individual stocks, including Daya Shengxiang, continued to hit the daily涨停 limit in early trading despite issuing risk warnings.
A-Share Market Overview
A-share markets experienced a pullback in morning trading, with most major indices declining. As of the morning close:
- Shanghai Composite Index: down 0.36%
- Shenzhen Component Index: down 0.58%
- ChiNext Index: down 0.43%
- STAR Market Composite Index: up 0.35%
Sector Performance
By Shenwan primary industry classification:
- Media sector led the decline, falling over 2% intraday
- CITIC Press once dropped over 10%
- China Television Media and Longban Media hit the daily limit
- Huakong Holdings, China Publishing, Huanrui Century, and New Huadu also saw significant declines
- Coal, Commercial Retail, and Computer sectors also fell sharply
Real estate sector bucked the trend, rising against the market:
- Huayuan Holdings and Woaiwojia hit the daily limit
- Vanke A once hit the daily limit before opening
- Other gainers included Huali Family, Zhonghua Enterprise, Lujiazui, Tefa Services, and Rongsheng Development
Concept Sector Highlights
The composite copper foil concept surged:
- Zhongyi Technology hit the 20% daily limit
- Victory Precision and Woge Optoelectronics also hit the daily limit
Victory Precision previously stated that, based on its overall future development plan and to achieve business expansion in new energy vehicle lithium batteries, it officially launched a composite copper foil project in September 2022. Composite copper foil and composite aluminum foil are new types of current collector materials for lithium batteries, offering advantages such as lightweight design, high safety, high energy density, and low cost. These products are primarily used in automotive electronics, consumer electronics, and 5G communications.
Stocks Continue to Hit Daily Limit Despite Risk Warnings
Despite the overall market adjustment, some individual stocks remained highly active.
Daya Shengxiang
Daya Shengxiang hit the daily limit for the fourth consecutive trading day.
The company issued an announcement on stock trading anomalies last night, stating that its main businesses are the R&D, production, and sales of flooring, artificial boards, and aluminum plate products. The ultra-thin PCB fiberboard in its artificial board products is not an electronic component and does not constitute part of a PCB. It is only used as a support and protective layer beneath the copper-clad laminate (PCB raw material) to be drilled. The revenue from this product accounts for a small proportion of the company's total revenue and has a limited impact on operating performance. Future sales are subject to uncertainties due to various factors. The company reminded investors to be aware of investment risks and invest rationally.
Taimushi
Taimushi also hit the daily limit, marking its third consecutive涨停.
The company issued a stock trading anomaly announcement last night, confirming that, aside from information already disclosed in designated media, the company has no undisclosed matters or related plans, negotiations, intentions, or agreements that should be disclosed in accordance with the Shenzhen Stock Exchange's listing rules.
Ojiar Health
Ojiar Health also recorded its third consecutive daily limit in morning trading. The company issued a stock price anomaly announcement on the evening of September 22, stating that the transfer of controlling shareholder shares still requires compliance review by the Shenzhen Stock Exchange. It also reminded investors to invest rationally and be mindful of risks.
Editor: Liang Qiuyan
Source
e公司Eastern