HTDC(SH:601188) Jing Ji Guan Cha Wang·2026-02-12 02:35Core Viewpoint - Longjiang Transportation (601188) has recently experienced a rise in stock price, with net inflow of funds, while facing low institutional attention and a neutral rating due to risks related to the expiration of its main business operating rights [1][4]. Stock Performance - On February 10, 2026, Longjiang Transportation's stock closed at 3.67 CNY, up 0.82% with a trading volume of 70.91 million CNY; net inflow from main funds was 2.22 million CNY, accounting for 3.14% of total trading volume, indicating increased short-term market confidence [2]. - On February 11, 2026, the stock adjusted slightly to 3.66 CNY (down 0.27%), with a five-day volatility of 1.91%, showing overall performance in line with the market [2]. - Retail investors saw a net inflow of 1.57 million CNY on February 10, while speculative funds experienced a net outflow of 3.80 million CNY, indicating existing market divergence [2]. Recent Events - The company announced a change in its auditing firm (Zhongshen Yatai Accounting Firm) on February 11-12, 2026, involving a change in project partners and quality reviewers, which is an internal adjustment expected to have no adverse impact on the 2025 annual audit [3]. - A temporary board meeting was held on February 9, 2026, to review the board's re-election proposal, potentially paving the way for future strategic adjustments, though specific details remain undisclosed [3]. Institutional Perspectives - Institutional attention towards Longjiang Transportation is low, with the latest rating being neutral; profit forecasts indicate an expected 8.03% year-on-year increase in net profit for 2025, although revenue may see a slight decline [4]. - In the long term, the company is expected to benefit from transportation infrastructure policies and its "one body, two wings" strategy, but attention is needed on the expiration of its main business operating rights in 2029 and risks associated with new business investments [4].