Zheng Quan Shi Bao·2025-09-24 22:55Core Viewpoint - Changchuan Technology (300604) experienced a significant stock price increase, with a cumulative rise of 44% over two trading days, reaching a new high of 96.32 yuan per share and a market capitalization exceeding 60 billion yuan [1][2]. Stock Performance - On September 23 and 24, Changchuan Technology's stock price surged by 20% on both days, leading to a total increase of 44% [1]. - As of September 24, the stock closed at 96.32 yuan, marking a substantial increase from previous levels [1][2]. - The trading volume on September 24 was 1.24 million shares, with a total transaction value of 11.3 billion yuan [2]. Shareholding Changes - Changchuan Investment, a significant shareholder, announced a plan to reduce its holdings by up to 11.22 million shares, approximately 1.78% of the total share capital [3]. - The reduction was executed through block trades and centralized bidding, with shares sold at an average price of 69 yuan, 80 yuan, and 96.32 yuan on different dates [3]. Financial Performance - The company projected a net profit attributable to shareholders of 827 million to 877 million yuan for the first three quarters of 2025, representing a year-on-year growth of 131.39% to 145.38% [4]. - For the third quarter alone, the expected net profit is between 400 million and 450 million yuan, indicating a year-on-year increase of 180.67% to 215.75% [4]. - The growth in profit is attributed to the increasing market demand in the semiconductor industry, leading to a substantial rise in sales revenue [4].