Fengzhu Textile (600493) Limit-Up Analysis: Catalysts, Sentiment, and Trends

Fengzhu Textile (600493) closed at the daily limit with a +10.05% gain today, at a closing price of 8.32 yuan, with a trading volume of 34.32 million shares—an increase of 2.68x compared to the average volume of 12.81 million shares [0]. The core catalyst lies in the company’s Fujian local attribute and cross-strait concept: on December 2, 2025, Fujian issued 12 measures for cross-strait integration and development, and the market responded to this policy today [0]. The previously mentioned logic of benefiting from RMB depreciation was falsified, as the RMB appreciated on that day [0].

From the price trend perspective, the stock has risen 58.78% year-to-date and 23.99% in the past three months, maintaining an upward trend; the technical KDJ indicator shows a bullish signal, and data from the Dragon and Tiger List indicates a net inflow of 69.4021 million yuan on the day, reflecting positive market sentiment [0].

This limit-up is a typical speculative rally in theme concept stocks: the company’s fundamentals are weak, with a net profit margin of only 0.71%, return on equity (ROE) of 0.56%, and a price-to-earnings ratio (PE) as high as 357.47x—far above the industry average [0]. Theme speculation driven by policy catalysis has become the core driver of the stock price rise, rather than improvement in the company’s profitability.

: Excessively high valuation (357.47x PE) is the main risk; insufficient fundamental support may lead to unsustainable momentum [0]. Technically, attention should be paid to the pressure at the 8.58 yuan resistance level; failure to break through may trigger a correction.
: Short-term market sentiment remains; if the cross-strait integration concept continues to gain traction, it may drive the stock price to further test the resistance level; 7.82 yuan is an important support level, which can be used as a reference for short-term fluctuations [0].

Fengzhu Textile’s limit-up is driven by the cross-strait concept and its Fujian local attribute; the increased trading volume indicates market speculative enthusiasm, but weak fundamentals and high valuation pose long-term hidden risks. Investors need to pay attention to technical resistance and support levels and carefully evaluate the sustainability of theme speculation.