Group 1 - The core viewpoint of the article highlights the absurdity of *ST Yazhen's stock price surge despite its poor fundamentals, driven by speculative trading and a change in control [1][2][3] - *ST Yazhen's stock price has experienced significant volatility, with a recent surge leading to a cumulative increase of 435.97% since April's low [2] - The company has been under regulatory scrutiny due to abnormal trading behaviors that mislead investors, resulting in trading suspensions [2][3] Group 2 - The new controlling shareholder's entry has created speculation about potential asset injections and business transformations, which has attracted retail investors [1] - Despite the stock price increase, *ST Yazhen's financial performance remains weak, with a projected loss of 33 to 39.5 million in the first half of 2025 and a negative net profit in 2024 [2] - The company's current price-to-earnings ratio is negative, while its price-to-book ratio stands at 24.34, significantly higher than the average in the furniture manufacturing industry [2]

只看大盘指数的话今天还不错，上证-0.27%跌的不多，深成指、创业板指、科创板指、上证50、沪深300都是涨的。 但事实上今天有4400多只股票下 跌，两市的中位数 - 2.13%， 散户痛感强 烈。 贴一个st板块的月线图，2017年见顶后从1800跌到300点，其中2024年累计跌幅49%，a股最惨，没有之一。 之所以出现这么巨大的反差，是因为新国九条之后出了退市新规，监管层加大了对问题上市公司的查处力度，经常出现一纸问询函就锤爆一只股票 的局面。比如朗源股份午后接到了交易所关于子公司虚假交易的问询，直接一个暴跌20%封死跌停。 现在那些质地有问题的公司现在最怕就是被交易所顶上，问一个死一个。 另一边st板块的行情也进入地狱模式，本来每年的5月份就是特殊窗口期，因为4月底是年报披露底限，那些垃圾公司一般都会拖到最后几天才发财报，发 完5月份被st，然后噼里啪啦连续跌停。 不过往年一般跌到5月下旬也就差不多了，结果今年st杀的特别狠，一直杀到6月初还没停下，结果又引发了面值退市的联动反应，于是就演变成了低价股 股灾。 这背后的 核心原因 还 是过去的四五年a股 ip o发的实在太多，年年全球 市场融资冠军， ...