November 24 news, Fangda carbon hit the trading limit in the afternoon. As of press time, the stock price was 12.71 yuan, the turnover was 3.061 million yuan, the turnover was 3.72 billion yuan, the turnover rate was 13.41%, and the latest market value was 48.37 billion yuan.

Guojin Securities issued a research report on November 11, giving Fang Da carbon buy rating. The reasons for rating mainly include: 1) domestic graphite electrode and carbon products leader; 2) graphite electrode 21-22 years tight balance, medium-and long-term demand is good, industry concentration increases; 3) short-term small enterprises loss reduction + high energy consumption electricity production limit, electrode prices rise steadily; 4) medium-and long-term concentration + demand increase under the double carbon background; 5) graphite electrode vertical integrated layout, the cost advantage is significant. Risk tips: graphite electrode price growth is not as expected; raw material price fluctuation risk; RMB exchange rate fluctuation risk.