Cedar Development(SZ:002485) Xin Lang Cai Jing·2025-11-07 01:47Core Points - ST Xuefa reached a limit-up price of 4.94 yuan, with a rise of 5.06%, and a total market capitalization of 2.823 billion yuan on November 7, 2025 [1] - The stock's limit-up was attributed to several factors including governance upgrades, real estate income, and improved cash flow [2] Group 1: Governance and Financial Performance - The company recently revised 11 core systems, including articles of association and rules for meetings, enhancing corporate governance and operational efficiency, which boosts market confidence [2] - In the first half of 2025, the company recognized a fair value gain of 43.88 million yuan from investment properties, significantly improving its profit situation [2] - The net cash flow from operating activities improved by 29.05% year-on-year, indicating positive changes in financial management and operational stability [2] Group 2: Market Dynamics - Despite the company's ST status and negative factors such as consolidated losses and related party fund occupation, the positive developments have attracted market attention [2] - The logistics sector, to which the company belongs, has garnered some market interest, with the company being included in the "Dragon and Tiger List" on November 6, 2025, with a trading volume of 44.11 million yuan [2] - Recent data from the "Dragon and Tiger List" indicates net selling by institutions, although the fundamental improvements may have contributed to the stock's limit-up [2]