SENSTEED(SZ:000981) Sou Hu Cai Jing·2025-09-18 09:34Group 1 - The core narrative revolves around a company, Shanzi Gaoke, which has incurred losses of 4.76 billion and is rumored to be acquiring another company, Nezha Automobile's parent, which has lost over 18 billion in three years. Despite its own financial struggles, Shanzi Gaoke's stock price surged with five consecutive trading limits, reflecting market speculation and excitement [1][2] - Shanzi Gaoke, previously known as Yinyi Co., has shifted its focus from real estate to high-end automotive parts, vehicle manufacturing, and semiconductors. The company reported a cumulative loss of 4.76 billion from 2022 to 2024 but managed to earn 219 million in the first half of this year through asset sales [1] - The market's reaction to the acquisition rumors is described as irrational, with the stock price increasing by over 50% in five days, despite the fact that both companies involved have significant financial issues. The absurdity of the situation is highlighted by the fact that Nezha's parent company denied the acquisition rumors, yet Shanzi Gaoke's stock continued to rise [1][2] Group 2 - The market appears to be driven by speculative "imagination space" rather than concrete evidence, raising questions about whether there is a genuine strategic plan or if it is merely an illusion. The future official announcements will be crucial to clarify the situation [2] - A critical concern is raised regarding Shanzi Gaoke's ability to manage Nezha's substantial debt of 26 billion, as the company's current performance does not support such a burden. This indicates that the market's enthusiasm may not be sustainable [2]