Analysis of Zhongshui Fisheries (000798) Continuous Limit-Up: Driven by Policy Support and Sector Rotation

Zhongshui Fisheries (000798) hit the daily limit on November 17, 2025, with an increase of 10.03% and a closing price of 10.31 yuan, marking two consecutive trading days of limit-up [0]. The trading volume reached 20.7785 million hands, and the turnover was 214 million yuan [0]. Dragon and Tiger List data shows that institutional seats have a net purchase of 16.0049 million yuan, indicating active layout by institutional funds [6].

Regarding driving factors, first, the Fujian sector is active against the trend, and this stock, as a member of the Fujian sector, benefits from sector rotation [2][7]. Second, the military industry concept remains strong, and the relevant businesses of this stock have attracted market attention [3]. At the policy level, the country has implemented the Cold-Water Fishery Revitalization Action to promote both quantity and quality growth of aquatic products [9], and after the aquatic breeding industry went through a trough, the exit of small and medium-sized enterprises was significant; it is expected that the prosperity of multiple aquatic feed varieties will reverse this year and next [8], providing long-term support for the industry.

1. Obvious Sector Rotation Effect
   : During the adjustment period of the technology sector, funds spread to the traditional agricultural sector, and the fishery sector gained attention [0][10].
2. Driven by Both Policy and Market Demand
   : The cold-water fishery policy and the expectation of industry prosperity reversal jointly promoted the rise of this stock [8][9].
3. Institutional Fund Intervention
   : The net purchase by institutions in the Dragon and Tiger List shows professional investors’ confidence in the short-term trend of this stock [6].

1. Continuous policy support for the fishery industry [9];
2. Expected performance improvement brought by industry prosperity reversal [8];
3. Short-term trading opportunities under sector rotation [0][10].

1. Excessive short-term gains, leading to correction pressure [0];
2. Under the overall volatile market environment, sector rotation may switch quickly [10].

The recent limit-up of Zhongshui Fisheries is mainly driven by the active Fujian sector, military industry concept, and fishery policy support, and institutional fund intervention has enhanced market confidence. At the industry level, the expectation of aquatic breeding prosperity reversal and policy support provide guarantees for long-term development, but short-term correction risks need to be noted.