Core Viewpoint - The stock price of Shengde Xintai (300881) has experienced a pullback after reaching a new high, with significant net outflow of funds and a decline in net profit for the first three quarters [1][2][3]. Stock Performance - On February 13, 2026, Shengde Xintai's stock closed at 45.90 yuan, down 4.45%, after hitting a peak of 50.72 yuan on February 12, with a five-day cumulative increase of 9.36% [2]. Company Fundamentals - The company's net profit for the first three quarters was 152 million yuan, a year-on-year decrease of 21.38%, with a gross margin of 15.51%, down 3.81 percentage points [3]. Fund Flow Situation - On February 13, there was a net outflow of 15.64 million yuan from major funds, accounting for 10.45% of the trading volume, while retail investors showed a net inflow [4]. Industry Sector Situation - The special steel II industry index fell by 3.05%, and the overall steel sector declined by 2.46%, with Shengde Xintai's decline slightly exceeding the industry average [5]. Stock Price Situation - After breaking through the upper Bollinger Band at 47.04 yuan on February 12, the stock retreated to the middle band around 41.80 yuan on February 13, indicating a relief from short-term overbought pressure [6]. Financial Condition - The company has a high proportion of accounts receivable relative to net profit at 376.59%, along with cash flow pressures and potential uncertainties from raw material price fluctuations and new business development [7].