SNC Net(SH:605398) Xin Lang Cai Jing·2025-09-15 01:49Company Performance - New Jun Network's revenue decreased by 6.66% year-on-year in the first half of 2025, while net profit fell by 60.50% and non-recurring net profit dropped by 79.23%, primarily due to the impact of database transformation on traditional business and the ongoing R&D phase of IT operation intelligent agents, which have not yet contributed to revenue [1] Market Sentiment - The market sentiment was negatively affected by the share reduction of senior executive Cheng Yongxin, who sold 37,100 shares on September 12, 2025. This was perceived as a bearish signal, indicating a lack of confidence in the company's future, which increased stock supply and raised investor concerns [1] Large Transactions - On September 12, 2025, three large transactions occurred at a price of 32.24 yuan, with a discount rate of -18.17%. Such significant discounted trading suggests that the acquiring party may sell the shares in the future, adding selling pressure to the market and affecting stock price stability [1] Technical and Financial Factors - Despite recent positive developments such as being included in the "yesterday's limit-up" concept and the dragon and tiger list, the combination of declining performance and share reductions may lead some investors to exit. From a technical perspective, if the stock price was previously high, multiple negative factors could trigger panic selling, resulting in a price drop [1]