那些「不务正业」的公司，靠炒股赚钱了

Core Viewpoint - The article discusses how many listed companies in China have shifted their focus from their core businesses to stock trading, often relying on stock investments for significant portions of their profits, especially during the current bull market [4][6]. Group 1: Companies Engaging in Stock Trading - Seven Wolves, originally a men's clothing company, reported a net profit of 160 million yuan in the first half of the year, with only 30 million yuan from clothing sales and the remaining 130 million yuan primarily from stock investments [7][8]. - Zhejiang Yongqiang, a furniture manufacturer, saw its net profit grow eightfold to 462 million yuan last year, with one-third of that profit coming from stock trading [8][20]. - Companies like Jiangsu Guotai have also entered the stock market, planning to use 138.3 billion yuan for investment, including 18 billion yuan for stock trading [13][20]. Group 2: Market Trends and Performance - The current bull market has seen significant gains, with the Shanghai Composite Index rising from just over 3000 points to nearly 3900 points, marking a ten-year high [8][9]. - The stock price of Cambricon, a company specializing in AI chip design, surged from 520.67 yuan to over 1500 yuan per share, becoming a market sensation [9][10]. - Companies like Liou Co. and Two Sides Needle have faced losses due to poor stock performance, highlighting the risks associated with heavy reliance on stock trading [10][12]. Group 3: Shifts in Business Strategy - Many companies have transitioned from traditional business models to include significant investment strategies, often driven by the need to adapt to changing market conditions [19][20]. - Seven Wolves shifted its focus to investment in 2015, moving away from pure manufacturing to a model that combines both industry and investment [19][20]. - Jiangsu Guotai's core business has been affected by geopolitical factors, leading the company to invest heavily in the stock market as a means of generating returns [20][21]. Group 4: Risks and Consequences - Companies that have become overly reliant on stock trading may face challenges in their core operations, as seen with Seven Wolves and Jiangsu Guotai, where R&D investments have declined significantly [36][38]. - The article notes that while stock trading can provide quick returns, it can also lead to a decline in traditional business performance and increased regulatory scrutiny [14][36]. - The experience of companies like Two Sides Needle, which relied on stock gains to offset operational losses, illustrates the precarious nature of such strategies [31][34].