证券日报网讯1月27日，川投能源（600674）在互动平台回答投资者提问时表示，目前公司的基本面稳 健，资产质量优良。公司管理层高度关注二级市场股价表现，但二级市场股价受多种因素共同作用影 响，具有不确定性，敬请注意投资风险。公司将持续聚焦主业发展，提升经营质效，切实维护股东权 益。 ...

证券日报网讯1月20日，燕麦科技在互动平台回答投资者提问时表示，二级市场股价受多种因素影响。 公司会积极做好经营管理，提升企业竞争力，努力以高质量发展提升公司价值。若有相关情况，公司会 按照法律法规及时公告。 ...

（文章来源：证券日报） 证券日报网讯 1月7日，吉电股份在互动平台回答投资者提问时表示，二级市场的股价受多重因素影 响。公司将继续深耕主业，挖掘经营潜力，努力提升经营业绩和公司价值，积极回报股东。 ...

Group 1 - The core viewpoint of the article is that He Yuan Bio acknowledges the influence of various factors such as macroeconomic conditions, industry trends, and market sentiment on its stock price in the secondary market, which introduces uncertainty [1] Group 2 - The company advises investors to be aware of investment risks associated with these uncertainties [1]

Core Viewpoint - The company emphasizes that its stock price is influenced by multiple factors and encourages rational investment from shareholders [2] Company Performance - The company reports that its current operational status is good and it is actively fulfilling key project deliveries within the year [2] - The company is committed to enhancing its overall strength and profitability [2] Asset Information - The CH-T1 is not considered an asset of the listed company [2]

Core Viewpoint - The company's stock performance in the secondary market is influenced by multiple factors, and it is committed to steady development while actively communicating with investors and providing returns [1] Group 1 - The company emphasizes a commitment to steady development [1] - The company engages in various methods to communicate operational results and future expectations to investors [1] - The company focuses on actively returning value to shareholders [1]

Core Viewpoint - Meilian New Materials (300586) emphasizes the need for rationality in viewing stock price fluctuations, which are influenced by multiple factors [1] Group 1: Company Operations - The company is committed to improving its management practices and focusing on the development of new products [1] - Meilian New Materials is also working on the construction and production of new projects to enhance its business growth [1] - The company aims to strengthen its position in the market and provide satisfactory returns to investors [1]

Core Viewpoint - The company acknowledges that its stock price in the secondary market is influenced by various factors including macroeconomic conditions and market environment, while emphasizing its commitment to focus on core business development to enhance competitive capabilities and create long-term value for the company and its shareholders [1] Group 1 - The company responded to investor inquiries on October 13 regarding stock price influences [1] - The company aims to continuously focus on its main business development [1] - The company is dedicated to enhancing its core competitive capabilities [1]

Core Viewpoint - The article discusses the impact of liquidity improvements on the secondary market, particularly focusing on the effects of lock-up expirations on stock prices in the context of the North Exchange market. Group 1: Market Liquidity and Trading Volume - The North Exchange market has seen a significant increase in trading volume, with daily transaction amounts often exceeding 20 billion yuan, indicating a capacity to absorb larger capital shocks [1]. - The liquidity improvement has changed the dynamics of how lock-up expirations affect stock prices, suggesting that traditional views may no longer apply [1]. Group 2: Pre-Expiration Stock Performance - During the period from March to August 2024, 33 companies experienced lock-up expirations, with 21 of them (63.64%) showing a greater decline than the North Exchange 50 index in the five trading days leading up to the expiration [2]. - The average decline of these companies was 1% more than the index, indicating weaker performance as the expiration date approached [2]. Group 3: Post-Expiration Stock Performance - After the expiration, only 15 out of the 33 companies (45%) had declines greater than the index in the subsequent five days, which is below 50% [2]. - The average decline for these companies post-expiration was 1.14%, which was less than the index's average decline of 1.36%, suggesting that the secondary market did not experience significant pressure following the expirations [2]. Group 4: Recent Market Conditions - In October 2024, with improved liquidity, 21 companies had 76% of them underperforming the index in the five days leading up to their expirations, with an average decline of 0.008% compared to a 6.27% increase in the index [3]. - Post-expiration, only 8 of the 21 companies underperformed the index, with an average return of 8.47%, outperforming the index's average return of 7.22% [3]. - This indicates that regardless of market liquidity levels, the pressure from lock-up expirations primarily occurs before the expiration date, with minimal impact afterward [3].