机构清仓，游资狂舞？美邦股份又现“天地板”

Core Viewpoint - Meibang Co., Ltd. experienced significant stock price volatility, demonstrating a "Heaven and Earth Board" phenomenon, where the stock opened at a limit-up price but quickly fell to a limit-down price within the same trading session [1][2]. Financial Performance - In 2024, Meibang Co., Ltd. reported a total revenue of 886 million yuan, representing a year-on-year increase of 26.68%, while net profit decreased by 35.96% to 36.86 million yuan. The non-recurring net profit saw a substantial decline of 48.21%, dropping to 21.88 million yuan [3][4]. - The earnings per share for 2024 was 0.27 yuan, a decrease of 37.21% compared to the previous year [3]. Recent Quarterly Performance - In Q1 2025, the company faced a decline in revenue, reporting 289 million yuan, down 7.27% year-on-year, and a net profit of 29.95 million yuan, a decrease of 32.60% [5][6]. - The operating cash flow turned negative, worsening from -21.65 million yuan in the same quarter last year to -110 million yuan, indicating a nearly fivefold decline [6][7]. Institutional Holdings - As of March 31, 2025, Meibang Co., Ltd. had four institutional investors holding a total of 6.66% of its shares. However, by July 23, 2025, institutional holdings had dropped to zero, indicating a complete sell-off by previous investors [8]. Stock Trading Behavior - The stock has been characterized by frequent price fluctuations, suggesting a trend of short-term speculation rather than long-term investment opportunities. The company has issued multiple risk warning announcements regarding the volatility of its stock price [8].