Qianjing Landscape(SH:603778) Mei Ri Jing Ji Xin Wen·2026-01-06 14:25Core Viewpoint - Guosheng Technology's stock has experienced significant volatility, with a cumulative increase of 370.20% from October 31, 2025, to January 6, 2026, raising concerns about market overheating and irrational speculation [1][4]. Group 1: Stock Performance - The stock price has surged nearly 500% over the past 58 trading days, with a notable increase of 494.97% since October 15, 2025 [2][3]. - On January 6, 2026, the stock hit the daily limit, with a trading volume of 1.133 billion yuan and a turnover rate of 8.51% [3]. Group 2: Financial Metrics - Guosheng Technology's latest price-to-book ratio is 17.47, significantly higher than the industry average of 3.22, indicating potential overvaluation [2][4]. - The company reported a net loss of approximately 151 million yuan for the first three quarters of 2025, with a non-recurring net profit of about -152 million yuan [2]. Group 3: Business Operations - The company's main business remains unchanged and is currently in a loss-making state, with negative net profits recorded for five consecutive years from 2020 to 2024 [4]. - Guosheng Technology is engaged in the research, production, and sales of large-size high-efficiency heterojunction solar cells and related components [4]. Group 4: Investment Risks - The company faces uncertainties regarding its external investments, particularly with Tieling Global New Energy Co., which has not yet commenced actual operations, posing risks of not achieving expected returns [2][3]. - The acquisition of 100% equity in Tongling Fuyue Technology Co., Ltd. may also encounter changes during implementation, with risks related to performance commitments post-transaction [3].