Redwall(SZ:002809) Zheng Quan Shi Bao·2025-05-12 01:07Core Viewpoint - The stock price of Hongqiang Co., Ltd. (002809) has surged by approximately 90% within a month, with 8 trading days hitting the daily limit in the last 14 trading days, while several major shareholders have completed their reduction plans [1][3][4]. Group 1: Stock Performance - As of May 11, the latest stock price of Hongqiang is 13.77 CNY per share, with a total market capitalization of approximately 28.95 billion CNY [5]. - The stock price began a new upward trend on April 9, culminating in a 90% increase by May 9, with 8 limit-up days recorded from April 17 to May 9 [3][4]. - The stock has shown significant volatility, with a trading volume of 52.36 million shares and a turnover rate of 38.02% [2]. Group 2: Shareholder Activity - On April 29, Hongqiang announced that major shareholders, including Guangdong Science and Technology Venture Investment Co., Ltd., had completed their reduction plans, selling 1% and 0.132% of the total share capital, respectively [4]. - The reduction occurred primarily between April 21 and April 29, coinciding with the stock's price surge, with selling prices ranging from 9.85 CNY to 12.29 CNY per share [4]. Group 3: Market Participation - During the stock's price increase, several major trading desks and institutional investors were active, with Hongqiang appearing on the trading leaderboard 12 times from April 17 to May 9 [6]. - Notably, multiple branches of Dongfang Caifu Securities were involved in buying and selling activities, indicating strong institutional interest [6][7]. Group 4: Financial Performance - Hongqiang's financial performance has been declining, with 2024 revenue and net profit down by 11.23% and 42.98%, respectively, to 675 million CNY and 48.76 million CNY [8]. - In the first quarter of 2025, net profit continued to decline by 80.56% year-on-year to 2.537 million CNY, attributed to insufficient demand for concrete additives [8].