SCG(SH:600170) Sou Hu Cai Jing·2025-09-19 08:45Core Viewpoint - The dramatic rise in Shanghai Construction's stock price is attributed to a sentimental story of an 82-year-old investor, despite the company's poor financial performance [1][2][3]. Company Performance - Shanghai Construction's revenue decreased by 28% and profit fell by 14% in the first half of the year [5]. - The company attempted to clarify that its subsidiary's gold mining business contributes less than 0.5% to its revenue, and recent claims about discovering gold were based on outdated information from 2020 [5]. Market Sentiment - The story of the elderly investor sparked a social media movement where investors rallied to support him, leading to a significant increase in the stock price, which rose to 3.88 yuan after a series of trading halts [3][4]. - The phenomenon highlights the power of market sentiment, suggesting that emotional factors can drive stock prices more than fundamental performance [5].