Core Viewpoint - The phenomenon of "mystical stock trading" in the A-share market, exemplified by stocks with the character "马" (horse), has led to significant price increases, prompting calls for urgent regulation to curb such speculative practices [1][2]. Group 1: Nature of Mystical Stock Trading - Mystical stock trading encompasses various forms of irrational speculation, including trading based on names, zodiac signs, and arbitrary associations, which disrupts market order and undermines value investing [1][2]. - The recent surge in stocks associated with the "马" character reflects a trend of annual speculative trading, lacking any fundamental basis or logical connection between the companies involved [2][3]. Group 2: Impact on Value Investing - The speculative nature of mystical stock trading distorts the fundamental principles of value investing, leading to significant deviations in stock prices from their actual company values, creating risk bubbles [2][3]. - The influx of funds into mystical stock trading can result in a misallocation of resources in the capital market, where genuine high-performing stocks may be undervalued due to lack of interest [2][3]. Group 3: Role of Institutional Investors - The participation of some institutional investors in mystical stock trading undermines the credibility of professional investors and negatively impacts the confidence of retail investors [3]. - The reliance on stock names for valuation disregards financial reports and professional analysis, leading to unfair market conditions and potential market manipulation [3][4].

Core Viewpoint - The stock of Chuanfa Longmang (002312.SZ) has been stagnant around 11 yuan, contrasting with the broader recovery in the phosphorus chemical index and the recent speculative trading in the market, raising questions about its valuation and the sustainability of its growth prospects [2][10]. Group 1: Stock Performance and Market Sentiment - Following the "tariff incident" on April 7, the phosphorus chemical index has rebounded, but Chuanfa Longmang's stock has not followed suit, remaining flat [2]. - Recent speculative trading in stocks associated with the "Ma" character has seen increases of over 60%, reminiscent of last year's hype around Chuanfa Longmang [2]. - The stock experienced significant volatility last year, with a peak of 22.88 yuan per share before a rapid decline, indicating a pattern of speculative trading driven by retail investors [6][10]. Group 2: Company Developments and Financials - Chuanfa Longmang has undergone multiple business transformations since its listing in 2009, currently focusing on phosphorus chemicals under the control of the Sichuan State-owned Assets Supervision and Administration Commission [3][12]. - The company reported a revenue of 1.56 million yuan from its new energy materials segment in the first half of 2024, which accounted for only 0.39% of total revenue, indicating limited contribution to overall performance [15]. - The company’s operating costs for new energy materials reached 1.19 billion yuan, representing 1.70% of total costs, highlighting the financial strain of this segment [16]. Group 3: Industry Context and Future Prospects - The phosphorus chemical industry is currently facing an oversupply situation, which poses challenges for Chuanfa Longmang's growth trajectory and its second growth curve in new energy materials [11][18]. - The company is actively pursuing acquisitions to enhance its resource base, including a recent announcement to acquire a 51% stake in Guotuo Mining, which will fill a gap in lithium resources [8][21]. - Despite the strategic moves to expand its resource capabilities, the company faces significant debt pressures, with short-term borrowings reaching 1.31 billion yuan and long-term borrowings at 4.35 billion yuan as of Q1 2025 [23][24].