Zodi Investment(SZ:000609) Zheng Quan Ri Bao Zhi Sheng·2025-11-12 13:44Core Viewpoint - ST Zhongdi's stock price has surged by 153.19% from October 16 to November 12, prompting the company to apply for a trading suspension to investigate the stock price fluctuations [1][3][4]. Stock Performance - The stock price increased significantly, with a notable volatility observed over the 20 trading days [1][3]. - The stock will be suspended from trading starting November 13, pending the outcome of the investigation [1][4]. Company Fundamentals - ST Zhongdi's main business is real estate development, primarily in Chongqing and Dazhou, Sichuan [3]. - As of November 11, the company's static P/E ratio is -12.83, rolling P/E is -15.88, and P/B ratio is -376.33, indicating severe deviation from industry averages [3]. - The company reported a revenue of 135 million CNY for the first three quarters of 2025, a decrease of 52.64% year-on-year, and a total profit of -151 million CNY, down 41.83% year-on-year [4][5]. Shareholder Changes - The controlling shareholder changed from Guangdong Runhong Fuchuang Technology Center to Shenzhen Tianwei Investment Partnership, which acquired 23.77% of the shares through judicial auction [3][4]. Financial Risks - The company faces significant financial challenges, with negative net profits projected for the next three fiscal years, raising concerns about its ability to continue as a going concern [4][6]. - If the audited net profit for 2025 is negative and revenue falls below 300 million CNY, the stock will face delisting risk [6]. Market Sentiment - Analysts suggest that investors should approach ST Zhongdi's stock price fluctuations with caution, considering the company's fundamental issues and potential risks [7].