Changjiang Materials (001296) Analysis of Continuous Limit-Up and Market Performance

Changjiang Materials (001296) has shown strong recent performance, with three consecutive limit-ups as of November 25, 2025 [1], closing at 30.87 yuan [1]. Main funds had a net purchase of 40.3943 million yuan, accounting for 15.67% of total turnover [2]. The company’s revenue in the first three quarters of 2025 increased by 17.0% year-on-year, and net profit attributable to shareholders increased by 22.69% year-on-year [3], with further accelerated performance growth in the third quarter [3]. As a leading enterprise in the foundry coated sand sector [4], the company benefits from industry demand growth and its own competitive advantages.

Changjiang Materials is a leading domestic foundry material supplier, focusing on the R&D, production, and sales of silica sand, coated sand, and sand cores [4]. The company holds a leading position in the industry for foundry coated sand and fracturing proppants [4], providing key materials for the automotive, machinery manufacturing, and other industries.

The company’s stock price has risen 82.17% since the start of 2025 [1], with three consecutive limit-ups recently, indicating strong market confidence in the company’s prospects [1]. As of November 25, its market capitalization reached 4.618 billion yuan [1], and its price-to-earnings ratio was 31.82 times [4].

In the first three quarters of 2025, revenue was 834 million yuan, up 17.0% year-on-year; net profit attributable to shareholders was 114 million yuan, up 22.69% year-on-year [3]. In the third quarter alone, revenue was 321 million yuan, up 29.28% year-on-year; net profit attributable to shareholders was 40.3205 million yuan, up 76.82% year-on-year [3], with a significant acceleration in performance growth. The gross profit margin was 26.82% and the liability ratio was 18.92%, showing a sound financial condition [4].

On November 25, main funds had a net purchase of 40.3943 million yuan, accounting for 15.67% of total turnover [2], indicating institutional funds’ favor for the company. Recent trading volume has increased significantly [1], and market attention continues to rise.

1. Strong Financial Performance
   : The company’s performance continues to grow, especially with accelerated growth in the third quarter, providing fundamental support for the stock price increase [3].
2. Institutional Buying
   : Main funds continue to have net purchases, indicating institutional recognition of the company’s long-term value [2].
3. Industry Leadership
   : As a leading enterprise in the foundry materials sector, the company benefits from the recovery of downstream industry demand and the trend of import substitution [4].
4. Market Sentiment
   : Recently, market preference for cyclical stocks and manufacturing-related sectors has increased, and the company’s stock price is driven by sentiment [5].

• Growth Momentum
  : The third quarter performance growth rate has increased significantly, indicating that the company’s business is in a stage of rapid growth [3].
• Capital Attention
  : Main funds continue to flow in, showing market confidence in the company’s future development [2].
• Valuation
  : The current price-to-earnings ratio is 31.82 times, which is in a reasonable range compared to the industry average, but attention should be paid to whether subsequent performance can continue to exceed expectations [4].

• Industry Cyclicality
  : The foundry materials industry is greatly affected by the cycles of downstream industries such as automotive and machinery manufacturing. If downstream demand weakens, the company’s performance may face pressure [4].
• Price Volatility
  : The stock price has risen sharply in the short term, and there may be a risk of correction [1].
• Competition
  : Increased industry competition may affect the company’s market share and gross profit margin [4].

Changjiang Materials (001296) has shown strong stock price performance recently, benefiting from multiple factors such as performance growth, institutional buying, and industry position. Investors should pay attention to the company’s subsequent performance and changes in industry demand, and reasonably assess investment risks.