Core Viewpoint - Shandong Molong successfully removed its risk warning and returned to the Hong Kong Stock Connect, leading to a significant stock price surge, but simultaneously faced a substantial share reduction by major shareholders, raising concerns about its financial stability and future performance [1][2][3]. Group 1: Successful "Hat Removal" - Shandong Molong's stock price soared by 200% on the day it was officially delisted from risk warnings, with A-shares hitting the daily limit and H-shares experiencing a significant increase [4][6]. - The company reported a total revenue of 1.356 billion yuan in 2024, a growth of approximately 3% compared to the previous year, while the net loss was significantly reduced by 92.29% to 43.7 million yuan from 567 million yuan in 2023 [6][15]. Group 2: Major Shareholder Reduction - In a span of three days, major shareholders reduced their holdings by approximately 17% of the total share capital, equating to 136 million shares, with the shareholding ratio dropping from 19% to 2.01% [8][10]. - The total amount raised from the share reduction exceeded 600 million Hong Kong dollars, indicating a significant exit by major shareholders [10]. Group 3: Poor Profitability of Core Business - Shandong Molong's main products include oil drilling machinery and equipment, which are directly influenced by the oil and gas industry's performance [12]. - Despite the recovery in the oil and gas sector, Shandong Molong has continued to report losses, with revenues declining from 3.734 billion yuan in 2021 to 1.356 billion yuan in 2024, and net losses increasing from 368 million yuan to 43.7 million yuan during the same period [12][14]. - The reduction in losses in 2024 was primarily due to gains from the sale of subsidiaries, which contributed approximately 260 million yuan to the financial results [14]. Group 4: Future Outlook - For 2025, Shandong Molong aims to enhance market research and adjust product structures to improve competitiveness, while also seeking external financing to stabilize operations and optimize its debt structure [16].
被砸懵了！单日暴涨200%，遭遇大股东暴力减持1.36亿股！股价坐过山车，三天大跌45%！