机构扎堆买进或均被套牢，宏达股份的股价会怎样走？

Core Viewpoint - Hongda Co., Ltd. has reported a turnaround in net profit for 2024, but its stock price has significantly retraced since reaching a peak of 9.30 yuan per share in early November 2024, nearly erasing the gains made in October 2024 [1] Group 1: Financial Performance - In 2024, Hongda Co., Ltd. achieved total operating revenue of 3.409 billion yuan, a year-on-year increase of 12.68% [7] - The net profit attributable to shareholders was 36.11 million yuan, recovering from a loss of 95.84 million yuan in the previous year [7] - The company reported a non-recurring net profit of 13.12 million yuan, compared to a loss of 104.63 million yuan in the previous year [7] - Despite the recovery, the net profit level in 2024 has not fully returned to the 2022 level, where it was 60.16 million yuan [7] Group 2: Institutional Investment - By the end of 2024, institutional investors held a total of 9.57 billion shares of Hongda, an increase from 8.42 billion shares at the end of Q3 2024, with 44 new funds and 1 insurance company entering as investors [2] - The largest institutional holders include a single insurance company holding 71.02 million shares and 45 funds holding a combined 68.91 million shares [2] - Notable funds include the China Europe Industry Outlook Mixed Securities Investment Fund, which newly acquired 10 million shares, ranking as the ninth largest holding [4] Group 3: Shareholder Changes - The original controlling shareholder, Sichuan Hongda Industrial Co., Ltd., entered bankruptcy reorganization in June 2023, with the reorganization plan approved in July 2024 [6] - Following the reorganization, the controlling shareholder changed to Shudao Investment Group, which now holds 26.39% of the total shares [6] - As of October 31, 2024, Shudao Group and its concerted parties controlled 31.31% of Hongda's total shares [6] Group 4: Historical Issues and Debt - Hongda has faced significant debt due to a major lawsuit involving Yunnan Jinding Zinc Industry Co., Ltd., which resulted in a repayment of 650.67 million yuan, with remaining obligations totaling 423.43 million yuan [8] - The company has resolved its historical issues and is currently in the process of a stock issuance to raise 2.853 billion yuan for debt repayment and working capital [9]