Analysis of 000681.SZ Hot List Appearance and Related Market Dynamics

Executive Summary

The original event involves 000681.SZ appearing on the hot list [0]. However, it is important to note that 000681.SZ is not Yuanxing Energy; the correct code for Boyuan Chemical (Yuanxing Energy) is 000683.SZ [0]. Key findings include Boyuan Chemical’s 17.91% price rise from August to November 2025 [0], Q3 2025 revenue decline of16.54% and net profit drop of41.15% [2], 7 out of8 institutional buy ratings [2], and upcoming share解禁 of2251.77万股 in December2025 [0].

Comprehensive Analysis

Correcting Stock Code Confusion

The initial mention of000681.SZ being on the hot list led to confusion with Boyuan Chemical (000683.SZ) [0]. Boyuan Chemical is engaged in the production of soda ash, baking soda, and urea [0].

Market Performance

From August to November2025, Boyuan Chemical’s stock price rose by17.91% [0]. However, its Q32025 financial results showed a decline: revenue was86.56亿元 (-16.54% YoY) and net profit was10.62亿元 (-41.15% YoY) [2].

Industry Context

The soda ash industry is undergoing supply-side adjustments, with policies supporting “anti-involution” and old capacity clearance [0]. On November18, 2025, the main capital net outflow was6034.21万元, while retail capital inflow was7287.16万元 [3].

Institutional Ratings

In the past90 days,8 institutions rated Boyuan Chemical:7 gave buy ratings and1 gave hold [2].

Key Insights

1. Stock Code Confusion: The hot list appearance of000681.SZ highlighted the potential for confusion between similar stock codes in the market [0].
2. Mixed Signals: Despite recent performance growth, the Q32025 results showed a significant decline, creating mixed signals for investors [0,2].
3. Industry Policy Impact: Supply-side reforms in the soda ash industry are expected to benefit Boyuan Chemical in the long term [0,1].

Risks & Opportunities

Risks

• Financial Performance: The Q32025 revenue and profit decline indicates short-term operational pressure [2].
• Share解禁: The upcoming解禁 of2251.77万股 in December2025 may put downward pressure on the stock price [0].

Opportunities

• Supply-side Reform: Policy-driven capacity clearance is likely to improve the industry’s supply-demand balance [0,1].
• Institutional Support: The majority of institutional ratings are positive, indicating long-term optimism [2].

Key Information Summary

The analysis clarifies the confusion between000681.SZ and000683.SZ, highlights Boyuan Chemical’s mixed performance signals, and outlines the potential impact of industry policies and institutional ratings on its future trajectory. Investors should consider both short-term risks and long-term opportunities when evaluating the stock.