Zheng Quan Shi Bao·2025-09-12 00:09Core Viewpoint - The stock price of Shoukai Co., Ltd. (600376) has surged nearly 90% over the past seven trading days, coinciding with the announcement of Yushu Technology's IPO plans [1][3]. Group 1: Stock Performance - Shoukai Co., Ltd. experienced a stock price increase of approximately 90% from September 3 to September 11, with a total market capitalization rising from 6.8 billion to 12.9 billion yuan, an increase of over 6.1 billion yuan [1][4]. - The stock reached a peak price of 5.15 yuan during this period, with a trading volume of 4.44 million shares and a total trading value of 2.25 billion yuan on September 11 [2][4]. Group 2: Company Holdings and Investments - Shoukai Co., Ltd. disclosed that its subsidiary, Beijing Shoukai Yingxin Investment Management Co., Ltd., holds approximately 0.3% of Yushu Technology's shares, indicating a low stake [3][4]. - The investment in Yushu Technology is characterized as a financial investment without control or influence over the fund's decision-making [3]. Group 3: Financial Performance - For the first half of 2025, Shoukai Co., Ltd. reported an operating revenue of 18.039 billion yuan and a net loss attributable to shareholders of 1.839 billion yuan, with low gross margins and high tax and expense burdens [4]. - The company has noted significant increases in trading volume, turnover rate, and shareholder numbers since September 3, alongside some institutional shareholders reducing their stakes [4]. Group 4: Market Trends - The market performance of "Yushu concept stocks" has shown significant divergence, with the Yushu Robotics Index declining approximately 3% over the first two days after September 3, followed by a rise of over 8% in the subsequent five trading days [5]. - Shoukai Co., Ltd. was the best-performing stock during this period, with other related stocks like Zhejiang Rongtai and Wolong Electric Drive also showing notable gains [5].