Analysis of the Reason for Kaichuang International (600097) Limit-Up and Its Market Impact

Kaichuang International (600097) is the abbreviation of Shanghai Kaichuang International Ocean Resources Co., Ltd., whose main business is marine fishing and food processing, belonging to the fishery/aquatic products industry [0]. The stock achieved a 10.02% limit-up on November 17, 2025, setting a new high of more than 3 years since March 2022 [1]. The main reasons for the limit-up include: 1) Against the backdrop of tense Sino-Japanese relations, the domestic substitution concept of aquatic products is sought after by the market. As a core enterprise in the ocean fishing industry, the company benefits significantly [4]; 2) The good performance in the third quarter of 2025 provides fundamental support for the stock price [0]; 3) Market activity has increased sharply, with the average transaction volume per order increasing by 192.45% month-on-month [3]. At the same time, the company announced that Xiaojian Technology and its concerted actors reduced their holdings by 2.9321 million shares, accounting for 1.2170% of the total share capital [2].

1. The linkage effect between geopolitical factors and industry sectors is obvious: Tense Sino-Japanese relations directly promote the demand for domestic aquatic product substitution, driving up related stocks [4]; 2) High market activity reflects investors’ extremely high attention to this stock, but it may also be accompanied by increased short-term volatility [3]; 3) The contrast between shareholder reduction behavior and the stock’s limit-up shows that there is a divergence between market sentiment and shareholder behavior [2].

: 1) Shareholder reductions may put short-term pressure on the stock price [2]; 2) The stock has fluctuated by more than 8% intraday recently, indicating insufficient price stability [5]; 3) Changes in geopolitical situations may affect the sustainability of the domestic substitution concept [4].
: 1) If the tense Sino-Japanese relations continue, the company is expected to continue to benefit from the domestic aquatic product substitution trend [4]; 2) As a core force in the ocean fishing industry, the company has a large trawler fleet, deeply engaged in high-sea fishing and processing, and has long-term development potential [0].

The limit-up of Kaichuang International (600097) is the result of the combined effect of fundamentals (Q3 performance), theme (domestic substitution) and market sentiment. Investors need to pay attention to changes in geopolitical situations, shareholder reduction dynamics and the company’s subsequent performance to fully evaluate the investment value of this stock.