太惨了！上市一年暴跌90%，从360跌到33，还在跌，何时才会止跌？

Core Viewpoint - The stock of Wireless Media has plummeted over 90% from its peak of 360.23 yuan to around 33 yuan, leading to significant losses for retail investors who bought at high prices [1][14]. Company Overview - Wireless Media, listed as stock 301551, is the exclusive operator of IPTV integrated broadcasting and control services in Hebei Province, serving nearly 15 million households with a range of content including live broadcasts, video on demand, education, and gaming [3]. - The company has a monopoly on local broadcasting services and collaborates with three major telecom operators to promote its business brand [3]. Financial Performance - The company's revenue from 2021 to 2024 shows a declining trend: 6.721 billion yuan in 2021, 6.537 billion yuan in 2022, 6.463 billion yuan in 2023, and projected 6.133 billion yuan in 2024 [4]. - Net profit has also decreased year-on-year, from 3.557 billion yuan in 2021 to a projected 2.615 billion yuan in 2024, reflecting a decline of 7.89% compared to the previous year [4][7]. IPO and Market Performance - Wireless Media's IPO was underwritten by CITIC Securities, which received a sponsorship and underwriting fee of 13.0094 million yuan [7]. - The company faced a long IPO queue of three years, raising only 380 million yuan, significantly less than the planned 1.15 billion yuan, yet it still managed to go public [9]. - After its IPO, the stock price surged by 257% in the first few days, reaching a high of 360 yuan, but has since fallen dramatically, leaving retail investors with substantial losses [9][15]. Stock Price Dynamics - The stock price has been in a continuous decline, with a significant drop following the unlocking of 1.17 billion shares, which represents 29.17% of the total share capital, leading to increased selling pressure [11]. - Original shareholders, who acquired shares at around 1 yuan, are positioned to profit significantly even at the current low price, with plans from some shareholders to sell 4.7% of their shares for over 700 million yuan [11]. - The stock's trajectory indicates a long-term downward trend, with concerns about further declines as more shares become available for trading [14][15].