G.W(SH:600462) Zheng Quan Shi Bao Wang·2025-07-10 23:51Core Viewpoint - The article discusses the unusual buying activity of a delisted stock, specifically Jiuyou (退市九有), by Qian Zhao Trading, which acquired 30.861 million shares, representing 5% of the company's total shares, during its delisting period [1][4]. Group 1: Company Actions and Financials - Qian Zhao Trading notified that it acquired shares of Jiuyou from July 3 to July 8, spending over 5 million yuan based on an average price of 0.166 yuan per share [1]. - Jiuyou's stock entered a delisting period on June 24, following a decision by the Shanghai Stock Exchange, with the last trading day expected to be July 14 [1]. - Jiuyou reported total assets of 372 million yuan and a net asset of 42.8434 million yuan as of the end of 2024, with revenues exceeding 500 million yuan and a net profit of 20.8604 million yuan [4]. Group 2: Investor Behavior - Yang Qianlin, the major shareholder of Qian Zhao Trading, expressed a preference for companies like Jiuyou over those on the main board, although he did not elaborate on the reasons [3]. - Qian Zhao Trading's acquisition of Jiuyou shares is part of a broader trend where Yang Qianlin and associated entities have been actively investing in delisted stocks [5]. - Previous investments by Yang Qianlin include significant share acquisitions in Minsheng 5, particularly around its delisting period, indicating a strategy focused on distressed assets [5].