大东南股价震荡下跌，公司回应产品定价与子公司运营情况

Market Performance - As of February 12, 2026, the stock price of Dazhongnan (002263) closed at 3.47 yuan, down 0.57% for the day, with a fluctuation range of 1.17% over the last seven trading days and a volatility of 4.37% [1] - On February 11, the trading volume was 98.30 million yuan with a turnover rate of 1.49%, while on February 12, the trading volume decreased to 59.34 million yuan with a turnover rate of 0.92% [1] - The net outflow of main funds was 3.22 million yuan on February 11 and 6.14 million yuan on February 12, while retail funds saw a net inflow of 6.14 million yuan on the same day [1] - The technical analysis indicates recent price fluctuations, with a resistance level at 3.67 yuan and a support level at 3.38 yuan [1] Recent Developments - On February 12, 2026, Dazhongnan stated on its investor interaction platform that the pricing of its main products will fluctuate in accordance with international crude oil and raw material prices, and adjustments will be made to adapt to market changes [2] - On February 9, 2026, the company announced that its wholly-owned subsidiary, Zhejiang Luhai New Energy Technology Co., Ltd., primarily produces and sells lithium battery products, but currently has no actual operating business [2] Financial Analysis - According to the Q3 2025 financial report, the company reported a revenue of 939 million yuan for the first three quarters, a year-on-year decrease of 3.83% [3] - The net profit attributable to the parent company was 12.06 million yuan, showing a year-on-year increase of 158.98%, with a gross margin rising to 12.46% [3] - However, the company has a low net profit margin of 1.28%, and its historical return on invested capital (ROIC) median is weak, raising concerns about accounts receivable status, which stands at 607.66% of profit [3]