Shenzhen Prince New Materials (SZ:002735) 市值风云·2025-06-11 10:06Core Viewpoint - The article discusses the recent surge in the A-share market related to controlled nuclear fusion, highlighting the rapid rise and subsequent fall of the stock price of Wangzi New Materials, which is linked to this sector. The narrative suggests a potential manipulation of stock prices driven by speculative trading and the actions of major investors, leading to significant losses for retail investors. Group 1: Industry Developments - Controlled nuclear fusion, referred to as "artificial sun," is being actively pursued globally, with significant milestones achieved, such as the completion of the world's largest superconducting magnet system [2] - The U.S. government has initiated new nuclear reactor testing and deployment plans by 2029, while China has accelerated its controlled nuclear fusion projects, including the BEST project [2] Group 2: Stock Performance - Wangzi New Materials' stock price skyrocketed by 131.46% within a month, reaching a peak of 21.85 CNY per share, with an astonishing turnover rate of 572.1% [3] - However, the stock faced a sharp decline, dropping 24.85% from its peak by June 6 [4] Group 3: Speculative Trading and Investor Behavior - The surge in Wangzi New Materials' stock was catalyzed by a research report revealing a contract with the Hefei controlled nuclear fusion project, which excited retail investors and led to a significant price increase [6][8] - Major speculative investors, such as "Huli Avenue," entered the market on May 15, net buying 77.99 million CNY worth of shares, and later sold off their positions for substantial profits [9][11] Group 4: Company Financials and Operations - Wangzi New Materials has been involved in various acquisitions, including the controlled nuclear fusion segment, but its core business remains in plastic packaging, which constitutes about 60% of its revenue [41][46] - Despite revenue growth, the company has faced declining profit margins, with a reported loss of 69 million CNY in 2024, marking its first loss since going public [47][50] Group 5: Management Actions - The company's actual controller, Wang Jinjun, executed a significant sell-off of shares during the stock price surge, cashing out approximately 37.25 million CNY over two days [25][27] - The company later clarified that the nuclear fusion contracts represented a small portion of its overall revenue, with the contract amount not exceeding 3% of the projected revenue for 2024 [34][36]