China Wuyi (000797) Limit-Up Analysis: Policy Catalysts and Capital Drivers

China Wuyi (000797) hit the limit-up on November 18, 2025, driven mainly by the following factors:

1. Policy Catalysts
   : The Fujian Free Trade Zone sector surged and cross-strait integration sentiment strengthened, making the company a market hotspot [0][2];
2. Capital Drivers
   : Hot money from the Shanghai Songlin Road Sales Department made large purchases [5], and northbound capital net bought 84.6557 million yuan via Shenzhen-Hong Kong Stock Connect [0];
3. Market Divergence
   : Institutional capital had a net outflow of 11.231 million yuan, indicating a divergence in positions between institutions and hot money/northbound capital [6].

1. Concept Speculation Dominates
   : Despite the company’s poor fundamental performance, policy concepts still drove the stock price up, reflecting the current market’s preference for thematic investment [0];
2. Capital Structure Differentiation
   : The divergence between institutional outflows and hot money/northbound inflows suggests that short-term stock price volatility may intensify [0][5][6];
3. High Policy Sensitivity
   : The stock price trend is closely related to regional policies; continuous tracking of Fujian Free Trade Zone and cross-strait policy dynamics is needed [0][4].

• Concept retreat due to policy implementation falling short of expectations [0][4];
• Pressure from hot money taking short-term profits [5];
• Sustained institutional outflows may suppress the stock price [6].

• Short-term thematic investment opportunities (if policies continue to heat up) [0][1];
• Northbound capital inflows show foreign investors’ attention to regional concepts [0].

China Wuyi’s limit-up is the result of the combined effect of policies and capital, with obvious market divergence. Investors should pay attention to:

1. Follow-up trends of Fujian Free Trade Zone and cross-strait integration policies [0][3];
2. Changes in Dragon and Tiger List and daily capital flows [5][7];
3. Improvements in the company’s fundamentals (if any) [0].

Note: This analysis does not constitute investment advice. The market has risks, and investment needs to be cautious.