Xin Lang Cai Jing·2026-02-13 23:04Core Viewpoint - The company Aihuilong (688575.SH) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure, which has led to significant discrepancies between analyst predictions and actual financial performance [1][3][9]. Group 1: Company Performance and Analyst Predictions - Aihuilong's stock price showed minimal fluctuation after the announcement of the investigation, with a drop of less than 3% the following day, despite prior volatility [1][3]. - Prior to the investigation, Aihuilong's performance was unexpectedly poor, particularly noted by analyst Zhou Chaoze from Founder Securities, who had issued two reports recommending the stock [3][8]. - In August, a report predicted a recovery in Aihuilong's performance, estimating net profits of 126 million yuan and 297 million yuan for 2025 and 2026, respectively [3][9]. - The company's Q3 report revealed a net profit of less than 55 million yuan, significantly lower than the previous estimates, indicating a need for over 70 million yuan in Q4 to meet earlier forecasts [3][9]. - In November, despite the disappointing Q3 results, Zhou maintained a positive outlook, revising the profit estimates slightly down to 119 million yuan and 291 million yuan for 2025 and 2026 [4][9]. - Aihuilong later issued a profit warning in January, forecasting a net profit of only 20 million to 30 million yuan for 2025, a decrease of 90.05% to 93.37% compared to the previous year [5][10]. - Ultimately, Aihuilong not only failed to achieve the projected Q4 profit but also incurred a loss of over 30 million yuan, resulting in actual profits being only a quarter of the analyst's earlier estimates [6][10].