Company Fundamentals - The company is expected to incur a loss of between 82.47 million and 123 million yuan in 2025, primarily due to an asset impairment provision of approximately 197 million yuan and a decline in gross profit from integrated sales [3] - Despite recent positive developments such as interest-free loans and litigation mediation, the loss situation remains unchanged, with a price-to-earnings ratio (TTM) of -236.68 times, limiting the stock's upward momentum [3] Market and Technical Analysis - After reaching a limit-up on February 10, the stock experienced a pullback on February 11, closing down 5.74% at 73.35 yuan, attributed to profit-taking, technical overbought conditions, and fundamental pressures [1][2] - The stock's turnover rate was high at 33.22% on February 10, with a trading volume of 1.443 billion yuan, indicating intense short-term trading activity [2] - On February 11, the turnover rate remained at 27.98%, with a trading volume of 1.223 billion yuan, but there was a net outflow of 41.39 million yuan from main funds, suggesting profit realization [2] Industry Sector Overview - The computing power leasing sector saw a slight increase of 0.33% on February 11, while related sectors such as cloud computing and big data generally declined, with the AIGC concept down by 1.85% [4] - Market funds are rotating within popular sectors, and as a small-cap stock with a circulating market value of 4.321 billion yuan, the company is more susceptible to short-term sentiment fluctuations [4] Capital Flow Dynamics - There was a divergence in capital flow, with retail investors actively buying on February 10, while institutional investors net sold 12.3 million yuan and the Shenzhen Stock Connect also saw a net outflow of 4.9 million yuan [5] - This divergence translated into selling pressure the following day, particularly as retail investors favored short-term operations, increasing stock volatility [5]
亚康股份涨停后回调，资金面、技术面与基本面共振