火爆！首日“0破发”、最高赚超7万元……

Core Viewpoint - The A-share new stock market experienced a robust performance in the first half of 2025, with all newly listed stocks rising on their debut, and no stocks facing a "break-even" situation on the first day [1][3]. Group 1: Market Performance - A total of 51 new stocks were listed in the first half of 2025, with 44 stocks (over 80%) seeing a first-day closing increase of more than 100% [3]. - Among these, 29 stocks had a first-day closing increase exceeding 200%, accounting for more than half of the new listings [3]. - The highest first-day closing increase was over 600% for one stock [1]. Group 2: Profitability for Investors - The average profit for investors who received new stock allocations was over 27,000 yuan, with some stocks yielding profits exceeding 70,000 yuan [1][7]. - For non-North Exchange new stocks, 44 out of 45 had a single allocation profit exceeding 10,000 yuan, with several stocks exceeding 50,000 yuan [7]. Group 3: Risks of Buying at Peak Prices - Despite the high initial returns, there are significant risks associated with buying new stocks at peak prices, as many stocks tend to decline after initial trading [10]. - Of the 51 new stocks, 34 experienced losses if purchased at the first-day closing price, indicating a two-thirds loss rate [10]. - The average increase from the issue price for new stocks was 363.90%, with 92.16% of stocks seeing a maximum increase of over 100% [7].