Di Yi Cai Jing·2025-08-19 10:38Core Viewpoint - The stock price of Huasheng Tiancheng (688591.SH) has surged nearly 90% in 9 trading days, primarily driven by significant investment gains rather than improvements in its core business performance [1] Group 1: Stock Performance - As of August 19, Huasheng Tiancheng's stock closed at 22.75 CNY per share, hitting the daily limit up again [1] - The stock has experienced 6 limit-up days since August 7, with a cumulative increase of nearly 90% and over 210% year-to-date [1] Group 2: Financial Performance - The company's turnaround in performance is attributed to substantial paper gains from its investment in Tailin Microelectronics, rather than an improvement in its core business [1] - Huasheng Tiancheng's main business has reported losses for five consecutive years, with an expected non-recurring net loss of 65 million to 95 million CNY for the first half of this year [1]