大智慧三周暴涨七成后突遭跌停，再三否认“稳定币”概念

Core Viewpoint - The financial technology sector in A-shares faced a significant decline, particularly the "stablecoin" concept, with Dazhihui (601519.SH) hitting the daily limit down after a sharp rise in previous weeks [1][2] Group 1: Stock Performance - Dazhihui's stock opened at 14.24 yuan, down 9.99%, with a trading volume of 28.3 billion yuan and a turnover rate of 9.78% [1] - The stock had previously surged over 74% in just thirteen trading days from June 24 to July 11 [1] - On July 11, Dazhihui recorded a trading volume of 62.28 billion yuan, achieving a historical high turnover rate of 20.14% [1] Group 2: Company Clarification - Dazhihui issued a risk warning, clarifying that it has no qualifications or operations related to "stablecoins," virtual asset trading, or cross-border payments [2] - This was the fourth public clarification since July 9, but market speculation continued until the stock hit the limit down [2] Group 3: Regulatory Environment - Multiple financial regulatory bodies across cities like Beijing, Shenzhen, and Chongqing issued risk warnings regarding the "stablecoin" concept, cautioning against illegal financial activities [2] - The regulatory scrutiny is seen as a factor that burst the speculative bubble surrounding the concept [2] Group 4: Financial Performance and Restructuring - Dazhihui's half-year performance forecast indicated a net loss of 4.2 million to 2.8 million yuan, with a significant loss of 30 to 40 million yuan after excluding non-recurring items [3] - The company is in the process of a complex merger with Xiangcai Co., which is still under negotiation, adding uncertainty to its future [3] - Analysts suggest that without substantial business support, the stock's speculative rise is unlikely to be sustainable, especially given the company's lack of technical reserves and licenses [3] Group 5: Market Trends - Other stocks in the financial technology sector, such as Jinzhen Co. and Zhongke Jincai, also experienced declines exceeding 7% [4] - The overall market sentiment indicates caution towards speculative trading without solid business foundations, highlighting the risks involved [4]