博汇股份股价先涨后调，业绩预亏但同比大幅收窄

Core Viewpoint - The stock price of Bohui Co., Ltd. (300839) has shown significant volatility, with a notable increase followed by a correction, reflecting market reactions to earnings forecasts and external factors [1][2]. Price Movement - On February 10, the stock surged by 10.59%, closing at 14.62 yuan with a trading volume of 3.59 billion yuan. The stock then experienced a pullback, with the latest price on February 13 at 14.01 yuan, a slight increase of 0.14% from the previous day. The cumulative increase over the period reached 15.59%, with a volatility of 30.53% and an active turnover rate [1]. - As of February 13, there was a net outflow of 193.46 thousand yuan from institutional funds, while retail investors showed a net inflow. The number of shareholders increased by 10.28% as of February 10, indicating a diversification of shareholding [1]. Earnings Forecast - A recent market analysis indicated that Bohui Co., Ltd. is expected to report a net loss of 48 million to 70 million yuan for 2025, representing a significant year-on-year narrowing of 77.19% to 84.36%. Revenue is projected to be between 2.73 billion and 2.92 billion yuan [2]. - The stock price movements around the earnings forecast suggest some investors are betting on a "bad news is priced in" scenario, despite ongoing cost pressures and industry cycle challenges [2]. Institutional Perspectives - Current institutional views are neutral, with no rating adjustments made. As of February 13, institutions forecast a net profit of 129 million yuan for 2025, indicating a turnaround, with revenues expected to reach 3.756 billion yuan. This contrasts with the company's loss forecast [3]. - For 2026, a net profit of 139 million yuan is anticipated, reflecting a year-on-year growth of 7.75%. The fund holding ratio remains low at 0.19%, indicating moderate market attention [3].