平均大涨近355%！乐视网1.8亿炒股，80%的钱押向“它”

Core Viewpoint - LeEco plans to invest up to 180 million yuan of its own funds in stock trading, with a significant portion allocated to the Beijing Stock Exchange (BSE) new share subscriptions and treasury bond reverse repurchase [1][2] Group 1: Investment Plans - LeEco intends to use no more than 150 million yuan for BSE new share subscriptions and treasury bond reverse repurchase, which constitutes a large part of its overall investment [2] - The company previously announced a plan to invest up to 50 million yuan in stock trading, with at least 40 million yuan allocated to BSE new share subscriptions and treasury bond reverse repurchase [2] - In total, LeEco's cumulative investment in stock trading this year amounts to over 200 million yuan [2][3] Group 2: Market Performance - The BSE has seen a surge in new share performance, with an average first-day increase of 354.70% for 24 new stocks listed this year, outperforming the average of 221.12% for new stocks on the Shanghai and Shenzhen markets [1][4] - The strong performance of BSE new shares is attributed to a decrease in the price-to-earnings (PE) ratio for new listings, improved quality of new stocks, and a recovery in the secondary market [4] - The enthusiasm for BSE new share subscriptions has led to a significant increase in the number of effective subscription accounts, reaching an average of 526,000 accounts in the first three quarters of 2025, a 180.4% increase compared to the same period in 2024 [4] Group 3: Competitive Landscape - The competition for new share subscriptions has intensified, with the average subscription funds for the first 11 months of 2025 reaching 646.9 billion yuan, a substantial increase from 36.9 billion yuan in 2023 and 212.9 billion yuan in 2024 [5] - The online winning rate for subscriptions has decreased significantly, averaging 0.038% in the first 11 months of 2025, compared to 1.85% in 2023 and 0.10% in 2024 [5] - In contrast, the first-day performance of new stocks in the Shanghai and Shenzhen markets has been relatively weaker, with an average increase of 221% for 76 new stocks listed this year [5]