XUELONG(SH:603949) Mei Ri Jing Ji Xin Wen·2025-03-24 06:48Core Viewpoint - The stock performance of Xuelong Group has raised questions about whether its recent surge is a sign of a new bullish trend or merely a speculative trap, especially given its significant price volatility and the lack of fundamental support [1][2]. Company Performance - For the period from January to September 2024, Xuelong Group reported revenue of 268 million yuan, a year-on-year decline of 4.44%, and a net profit attributable to shareholders of 44.57 million yuan, down 15.97% year-on-year [2]. - The actual controller and related parties hold a combined 70.8% of the company's shares, leaving only 29.20% of shares in external circulation, which exacerbates the risk of irrational stock price fluctuations [2]. Market Sentiment and Speculation - The recent stock price movements, characterized by a "limit up and down" pattern, reflect the enthusiasm and blind following of some investors, who are chasing short-term trends without regard for the company's actual value [2]. - The surge in interest in Xuelong Group is largely driven by its indirect investment in Yushutech, amidst a booming robotics sector, despite the company having minimal actual business ties with Yushutech [1][2]. - The lack of substantial improvement in the company's fundamentals suggests that the stock price increase is primarily fueled by market sentiment and speculative trading rather than genuine business growth [2].