Analysis of the Reasons for the Limit-Up of Guofeng New Materials (000859) and Its Market Impact

This analysis is based on Tushare limit-up pool data [0] and public market information. Guofeng New Materials (000859) achieved three consecutive limit-ups on November 21, 2025 [0]. The main driving factors include expectations of major asset restructuring, the popularity of the photoresist concept, support from its state-owned background, and semiconductor industry policy support [1][5]. Market capital attention has increased significantly, but attention should be paid to the risk of the company’s current poor profitability [0].

Guofeng New Materials’ main business is plastic products and polymer materials [0]. Recently, it has become a market hotspot due to multiple factors: 1) Planning to acquire a 58.33% stake in Jinzhang Technology to integrate new display material assets [0]; 2) As a photoresist concept stock, it benefits from the domestic substitution trend in the semiconductor industry chain [5]; 3) Backed by Hefei State-owned Assets Supervision and Administration Commission (SASAC), the market expects Changxin Xinqiao Storage Technology may be injected [0]; 4) The financing balance reaches 410 million yuan, accounting for 6.92% of the tradable market value [0].

Cross-domain correlation shows that the establishment of the National Integrated Circuit Industry Investment Fund Phase III [5] and the company’s state-owned background form a synergistic effect, strengthening the market’s expectation of semiconductor-related asset injection. The short-term stock price rise is mainly driven by concept speculation, and attention should be paid to the substantive landing of asset restructuring progress [2][4].

: Dynamic P/E ratio of -74.69, poor profitability [0]; Short-term influx of speculative funds may lead to increased stock price volatility [1]. : Semiconductor industry policy support [5]; If asset restructuring is successful, it is expected to achieve business upgrading [0].

Guofeng New Materials’ recent limit-ups are the result of the combined effect of asset restructuring expectations, concept popularity, and policy support. Investors should combine changes in the company’s fundamentals and policy trends to rationally evaluate investment value and avoid blind chasing of high prices [2][3].