Guofeng New Materials (000859) Limit-Up Analysis: Stock Price's Strong Performance Driven by Photoresist Concept and Restructuring Expectations

This analysis is based on Tushare’s limit-up pool data (2025-11-22). Guofeng New Materials (000859) hit the limit-up today. The core driving factors include the outbreak of the photoresist concept, strong restructuring expectations, and heavy intervention by main funds; it achieved three consecutive limit-ups in November, with the stock price rebounding from a low to 8.68 yuan, and market attention has increased significantly [1].

Guofeng New Materials is a high-tech enterprise focusing on new material research and development, with main businesses covering five major fields including polymer functional film materials, optoelectronic new materials, and polyimide materials [0]. This limit-up is mainly driven by multiple positive factors:

1. Outbreak of the photoresist concept
   : The company has laid out in the photosensitive polyimide (PSPI) photoresist field and benefited from the policy dividends of domestic substitution [1];
2. Strong restructuring expectations
   : It plans to acquire 58.33% equity of Jinzhang Technology, and there is a possibility of receiving an injection from Changxin Xinqiao [1];
3. Main fund intervention
   : A net inflow of 102 million yuan on a single day of November 21, with obvious capital promotion [1];
4. Stock price performance
   : It achieved three consecutive limit-ups in November, with the stock price strongly rebounding from a low to 8.68 yuan [1].

• Domestic substitution opportunity
  : The localization space of photoresist is huge, and the company’s PSPI layout makes it a concept leader;
• Capital operation expectations
  : Restructuring news combined with main fund inflows strengthens the short-term stock price trend;
• Industry positioning
  : It belongs to the new material industry in the basic chemical sector, and policy benefits are continuously released [0].

• Opportunity window
  : Domestic substitution policy dividends, potential restructuring benefits, continuous attention from main funds;
• Risk tips
  : Uncertainty in restructuring process, callback risk after concept speculation, intensified industry competition [0];

Guofeng New Materials’ limit-up is the result of multiple positive factors resonating. The short-term stock price performance is strong, but investors need to pay attention to restructuring progress and industry dynamics, and rationally evaluate risks and returns [0][1].