QTEDU(SZ:300359) Sou Hu Cai Jing·2025-11-16 16:53Core Viewpoint - The article discusses the dramatic decline of a specific education consulting company, which has seen its stock price drop by 94.28% over 11 years, from a high of 100 yuan to 5.72 yuan, yet it remains listed with a stable number of shareholders. Group 1: Company Performance - The company was once a market favorite upon its IPO, utilizing high stock splits to attract retail investors, reaching a peak price of 825 yuan in 2015 [1][4]. - After June 2015, the company's stock price experienced a catastrophic decline, dropping 93.5% over three years to around 6 yuan [6][7]. - For over seven years, the stock price fluctuated around the bottom, with a low of 3.8 yuan, indicating a prolonged period of stagnation and investor frustration [8]. Group 2: Investor Behavior - Despite the significant decline, the number of shareholders has remained relatively constant at 33,800, suggesting a persistent hope for recovery among investors [1][11]. - Investors have repeatedly attempted to "catch the falling knife," believing that lower prices present buying opportunities, but many have ended up selling at losses [11][15]. Group 3: Financial Health - The company's financial reports have consistently shown losses, with the latest quarterly report indicating revenue of only 200 million yuan, raising concerns about its ability to avoid being classified as ST (Special Treatment) due to insufficient annual revenue [11][14]. - Over 11 years, the company has only distributed a total of 0.58 yuan per share in dividends, contrasting sharply with other companies like PetroChina, which has provided more substantial returns to its shareholders [14][15].