Anhui Zhongyuan New Materials (603527.SH) issued an announcement, and on November 22, 2024, the company's stocks hit the limit up again.
According to the Zhongyuan New Materials (603527.SH) announcement on the Zhitong Finance APP, on November 22, 2024, the company's stocks once again hit the limit up. From November 19, 2024, to November 22, 2024, the cumulative increase in the trading price of the company's stocks reached 46.44%. The recent surge in stock prices is relatively large, which may pose a risk of a subsequent decline after a significant short-term increase. We urge all investors to invest rationally, make prudent decisions, and be cautious about investment risks.
The company has three main sectors: new materials, new energy, and auxiliary business. Among them, the new materials business mainly focuses on the research, production, and sales of purple copper foil, which is the company's main business; the new energy business mainly involves the production and sales of metal structural parts for power batteries, aluminum foil production, and sales; the auxiliary business mainly includes the production and sale of anticorrosive materials and insulation materials, equipment research, manufacturing, and sales, as well as 3D printing-related business. As of now, the company's main business remains unchanged, internal production and operation activities are in order, and the market environment and industry policies have not undergone major adjustments.
Furthermore, the company has noticed the recent high market attention on the solid-state battery concept, especially the widespread interest in the news about Anhui Anwa New Energy Technology Co., Ltd. (referred to as "Anhui Anwa")'s first GWh new solid-state battery production line. The company's wholly-owned subsidiary, Anhui Zhongyuan New Materials Investment Co., Ltd., invested and held 0.91% of Anhui Anwa in February 2021. As of now, the company holds this 0.91% stake. Apart from the company's controlling subsidiary Anhui Zhongyuan New Energy Technology Co., Ltd. providing structural component samples to Anhui Anwa for testing, there have been no other business dealings between the company and Anhui Anwa so far, and the operational development of Anhui Anwa has a limited short-term impact on the company's performance.