Shunhao Co., Ltd. (002565) Limit-Up Analysis: Driven by Commercial Aerospace Catalysts and New Material Industry Tailwinds

This analysis is based on Tushare’s limit-up pool data and related reports [0][1]. Shunhao Co., Ltd. (002565) hit the limit-up on November 28, 2025, with a 10% increase and a turnover of 124 million yuan [0]. The core catalysts are the outbreak of commercial aerospace concept stocks driven by news that Beijing plans to build a space centralized data center [3], combined with multiple tailwinds in the new material industry (upgraded rare earth control, recovery in lithium battery demand, AI industry support) [4][5][6]. The company’s total return over the past two years reached 135.77%, with an annualized return of 53.55%, showing excellent performance [0].

Shunhao Co., Ltd.'s limit-up this time is mainly driven by two factors: First, short-term event catalysts—news that Beijing plans to build a gigawatt-level space data center in the twilight orbit, which led to a collective rise in the commercial aerospace track [3]; Second, medium- and long-term industry tailwinds: the new material industry benefits from the upgrade of China’s rare earth export control [4], the surge in lithium battery demand [5], and the growth in demand for metal materials from the AI industry [6]. In the company’s main business, printed products account for 48.07%, aluminum-plated paper accounts for 30.03%, and it also布局 emerging fields such as industrial hemp and new tobacco [0]. From January to September 2025, revenue was 899 million yuan, and net profit attributable to parent company was 67.319 million yuan, a year-on-year increase of 20.29% [0], indicating solid fundamentals.

1. Cross-track Synergy
   : The sudden catalyst in commercial aerospace and the long-term tailwinds in the new material industry resonate, amplifying the stock price increase.
2. Performance and Valuation Matching
   : The company’s high return over two years (135.77%) and maximum drawdown of only 6.04% [0] indicate market recognition of its growth and risk control capabilities.
3. Institutional Attention
   : One fund under Huatai Baoxing Fund holds this stock as a heavy position [2], showing institutional confidence in its prospects.

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Continued expansion of the commercial aerospace track may bring more orders and cooperation opportunities [3];-
Policy and demand dividends in the new material industry will continue to support the company’s performance growth [4][5][6].

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Uncertainty exists in the implementation progress of the space data center project;-
Rare earth control may trigger international trade frictions, affecting the industry supply chain [4];-
Price fluctuations in the lithium battery market may affect the profits of related businesses [5].

Shunhao Co., Ltd.'s limit-up reflects the market’s optimistic expectations for the commercial aerospace track and the new material industry. The company has solid fundamentals and benefits from multiple industry tailwinds, but it needs to pay attention to project progress and market fluctuation risks. Investors should make decisions based on their own risk preferences and market dynamics.