Analysis of the Driving Factors for Guofeng New Materials (000859) Limit-Up: Asset Restructuring Expectations and Semiconductor Material Layout

As a new material enterprise controlled by Hefei State-owned Assets Supervision and Administration Commission [0], Guofeng New Materials (000859) mainly engages in businesses such as film materials and supporting materials for new energy vehicles. In August 2025, it released a revised restructuring draft, proposing to acquire 58.33% equity of Jinzhang Technology [0] to integrate new display material assets. Market rumors suggest that Hefei SASAC plans to inject Changxin Xinqiao Storage Technology Co., Ltd. [0] to further strengthen its layout in semiconductor materials. The company involves key semiconductor materials like photoresist and polyimide [0], which aligns with the national strategy of technological self-reliance. On November 21, 2025, the stock price hit a limit-up of 10.01%, with a market capitalization of 7.777 billion yuan, and a 5-day increase of 24.31% [0].

1. Asset Restructuring and Semiconductor Track Synergy
   : The acquisition of Jinzhang Technology and potential storage asset injection will improve the company’s industrial chain layout in new displays and semiconductor materials [0].
2. State-owned Background Support
   : Hefei SASAC’s control provides resource support for the company and enhances market confidence [0].
3. High Policy Alignment
   : The layout in the semiconductor materials sector aligns with the national strategy of technological self-reliance and self-improvement, and is expected to benefit from policy dividends [0].

: The asset restructuring process has uncertainties, and market rumors have not been confirmed [0]; the stock price has risen sharply in the short term, which may face correction pressure [0].
: The new material industry has a positive development trend [3], and the company’s layout in key semiconductor materials is expected to open up growth space [0].

Guofeng New Materials (000859) limit-up is mainly driven by asset restructuring expectations and semiconductor material layout. Through acquisition integration and potential asset injection, the company strengthens its industrial chain advantages and aligns with policy directions. Investors need to pay attention to restructuring progress and industry dynamics, and view short-term stock price fluctuations rationally.