平均大涨近355%！乐视网1.8亿炒股，80%的钱押向“它”

Core Viewpoint - The article highlights the increasing enthusiasm for new stock subscriptions on the Beijing Stock Exchange (北交所), particularly noting the significant returns and investment activities from companies like LeEco (乐视网) [2][5]. Group 1: Investment Activities - LeEco plans to invest up to 180 million yuan of its own funds in stock trading, with 150 million yuan specifically allocated for new stock subscriptions on the Beijing Stock Exchange and reverse repos [2][3]. - This marks LeEco's second announcement of stock trading this year, with a total investment exceeding 200 million yuan [3]. - Other companies, including 15 new third board companies, have also indicated plans to use their idle funds for investments, with three specifically targeting the Beijing Stock Exchange [2][4]. Group 2: Performance of New Stocks - The average first-day gain for new stocks on the Beijing Stock Exchange has reached 354.70%, significantly outperforming the average of 221.12% for new stocks on the Shanghai and Shenzhen markets [2][5]. - Notable first-day performances include a 1211.11% increase for Dapeng Industrial and a 785.62% increase for Sanxie Electric [5]. - The enthusiasm for new stock subscriptions is driven by a combination of lower issuance price-to-earnings ratios and improved stock quality [6]. Group 3: Market Trends - The number of effective subscription accounts for new stocks on the Beijing Stock Exchange has surged by 180.4% year-on-year, reaching an average of 526,000 accounts in the first three quarters of 2025 [6]. - Subscription funds for new stocks have also seen a dramatic increase, averaging 646.9 billion yuan in the first eleven months of 2025, compared to 36.9 billion yuan in 2023 and 212.9 billion yuan in 2024 [6]. - The competition for new stock subscriptions has intensified, leading to a decrease in the average winning rate for subscriptions [6].