Company Overview - Yuan Chuang Co., Ltd. specializes in the research, production, and sales of rubber track products, including agricultural machinery rubber tracks, engineering machinery rubber tracks, and rubber track plates, holding the largest market share in China [3]. Financial Performance - The company achieved operating revenues of 1.261 billion yuan, 1.141 billion yuan, and 1.349 billion yuan for the years 2022, 2023, and 2024, respectively. The net profit attributable to the parent company, excluding non-recurring gains and losses, was 137 million yuan, 176 million yuan, and 150 million yuan for the same years [3]. - In 2023, the company's net profit increased by 28.22% year-on-year, while operating revenue decreased by 9.45%. In 2024, operating revenue is expected to rebound with an 18.19% year-on-year growth, but the net profit is projected to decline by 14.57% compared to 2023 [3]. Stock Performance - Yuan Chuang's stock opened at 79 yuan on its first trading day, which was also the highest price of the day, closing at 67.23 yuan, resulting in a significant loss for investors who bought on that day [4]. - The stock entered a downward trend from the second day, experiencing a series of declines, with the stock price dropping to 49 yuan by the tenth day, having fallen for 8 out of 10 trading days [6][8]. - The stock's performance has led to widespread dissatisfaction among retail investors, who feel misled by the initial high price and subsequent rapid decline [11].
什么情况！新股上市10天跌8天，从79跌到49，刚上市就直接割韭菜！