名雕股份股价高位震荡，市场情绪与基本面压力并存

Company Overview - Mingdiao Co., Ltd. (002830) has experienced significant stock price volatility, influenced by market sentiment, capital speculation, fundamental and valuation pressures, event catalysts, and industry environment adjustments [1] - The company's Q3 2025 report indicates a 2.09% year-on-year decline in revenue and a 1.21% year-on-year decline in net profit, suggesting limited overall growth momentum despite some improvement in quarterly performance [3] Recent Stock Performance - On February 5, 2026, Mingdiao's stock reached a high of 34.05 CNY after four consecutive trading days of hitting the upper limit, but quickly fell to the daily limit down, closing at 27.86 CNY, with a daily fluctuation of 18.2% [2] - From February 10 to 12, the stock price further declined, with a cumulative drop of over 30% during these three days, including a limit down on February 11 and a low of 24.95 CNY on February 12, indicating concentrated profit-taking by short-term investors [2] Recent Events - At the end of January, Mingdiao established two wholly-owned subsidiaries, including Guangdong Yunxi Interactive Media Co., Ltd., which focuses on AI software development, raising market speculation about business transformation [4] - The company has not clarified its cross-industry plans, leading to divergent expectations regarding its digital layout, and on February 3, it issued a stock price fluctuation announcement emphasizing the absence of undisclosed significant information, which increased short-term uncertainty [4] Industry Context - The decoration and renovation sector has shown weak performance recently, with the industry index dropping 0.75% on February 12, as some capital has shifted towards manufacturing and other policy-driven sectors [5] - Technically, after reaching a high of 35.74 CNY on February 10, the stock price quickly retreated, breaking below short-term moving average support, with the MACD indicator showing weakened bullish momentum, exacerbating short-term selling pressure [5]