Analysis of 000681.SZ Hot List Appearance and Related Market Dynamics of Boyuan Chemical (000683.SZ)

The original event involves000681.SZ appearing on the hot list [0]. However, it is important to note that000681.SZ is not Yuanxing Energy; the correct code for Boyuan Chemical (Yuanxing Energy) is000683.SZ [0]. Key findings include Boyuan Chemical’s 17.91% price rise from August to November2025 [0], Q32025 revenue decline of16.54% and net profit drop of41.15% [2],7 out of8 institutional buy ratings [2], and upcoming share lock-up release of22.5177 million shares in December2025 [0].

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

From August to November2025, Boyuan Chemical’s stock price rose by17.91% [0]. However, its Q32025 financial results showed a decline: revenue was8.656 billion yuan (-16.54% YoY) and net profit was1.062 billion yuan (-41.15% YoY) [2].

The soda ash industry is undergoing supply-side adjustments, with policies supporting “anti-involution” and old capacity clearance [0]. On November18,2025, main capital net outflow was60.3421 million yuan while retail capital inflow was72.8716 million yuan [3].

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

1. Stock Code Confusion
   : The hot list appearance of000681.SZ highlighted potential confusion between similar stock codes [0].
2. Mixed Signals
   : Despite recent growth, Q32025 results showed significant declines, 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 long-term [0,1].

• Financial Performance
  : Q32025 revenue and profit declines indicate short-term operational pressure [2].
• Share Lock-up Release
  : The upcoming release of22.5177 million shares in December2025 may put downward pressure on the stock price [0].

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

The analysis clarifies confusion between000681.SZ and000683.SZ, highlights Boyuan Chemical’s mixed performance signals, and outlines potential impacts 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.