FJDB(SH:600693) Mei Ri Jing Ji Xin Wen·2025-12-19 14:53Core Viewpoint - The sudden sharp decline in the stock prices of Pingtan Development and Dongbai Group has raised market concerns, leading to significant discussions on social media platforms [2][3]. Group 1: Stock Performance - Pingtan Development experienced a dramatic drop, with its stock price falling from an increase of approximately 6% to a decline of over 7% within minutes, closing down 7.48% [2][3]. - The stock had previously shown strong performance, with a year-to-date increase of over 373% as of December 19, 2023 [3]. - The stock's trading volume reached nearly 10.91 billion yuan, with significant selling pressure from known market participants [3][4]. Group 2: Market Reactions - The abrupt decline in Pingtan Development's stock was not an isolated incident, as other high-profile stocks like Dongbai Group also faced extreme volatility, with its price dropping from a limit-up to a loss in a very short time [4]. - Market analysts suggest that the rapid sell-off may be attributed to quantitative funds collectively taking profits, reflecting intense market dynamics during the trading session [6]. - The phenomenon of high-profile stocks experiencing sharp declines is seen as a complex market occurrence, influenced by various factors including market sentiment and social media discussions [6]. Group 3: Company Responses - Pingtan Development stated that its stock price fluctuations are influenced by multiple factors, including economic conditions and investor sentiment, and emphasized that its core business remains unchanged [5]. - The company addressed inquiries regarding regulatory scrutiny, indicating that relevant information should be verified through official channels [5].