Core Insights - Over 60% of ST stocks have underperformed the Shanghai Composite Index this year [6] - The first ST stock to achieve a tenfold increase in price this year is *ST Yushun, which has seen a year-to-date increase of 10.6 times [2] - The company is involved in smart display module manufacturing and has reported a revenue of 134 million yuan with a net loss of 4.46 million yuan in the first half of the year [2] Group 1: Performance of ST Stocks - As of September 26, 2023, nine ST stocks have doubled in value this year, with *ST Yushun leading at a 1060.39% increase [4] - Other notable performers include *ST Yazhen with a 469.66% increase and ST Huadong with a 319.84% increase [4] - Despite some ST stocks performing well, over 130 ST stocks reported net losses in the first half of the year, with more than 70% of ST stocks in a loss position [7] Group 2: Company Developments - *ST Yushun is planning to acquire 100% equity of three companies for a total transaction price of 3.35 billion yuan, which is expected to diversify its business into data center infrastructure services [2][3] - ST Huadong, previously known as "Century Huadong," has seen a significant increase in net profit, reaching 2.656 billion yuan in the first half of the year, a 129.33% increase year-on-year [5] - The company operates in three main sectors: internet gaming, AI cloud data, and automotive parts manufacturing [5] Group 3: Risks and Challenges - The ST sector is characterized by companies with internal control issues or deteriorating fundamentals, which can lead to speculative trading without fundamental improvement [6] - As of September 26, 2023, 14 ST stocks are trading below 2 yuan per share, with *ST Gaohong being the lowest at 0.38 yuan, reflecting an 87.42% decline this year [7]

Group 1 - The core viewpoint of the articles highlights the ongoing trend of mergers and acquisitions in the market, particularly focusing on *ST Yushun's strategic moves to enhance its asset quality and diversify its business operations [1][2] - *ST Yushun plans to acquire 100% equity of three companies for a total cash consideration of 3.35 billion yuan, with the target companies indirectly controlled by Jihui Capital [1] - The company underwent a change in control in September 2023, leading to a new management team that aims to drive strategic development and operational management [1] Group 2 - In May 2024, *ST Yushun's controlling shareholder announced a plan to increase their stake in the company, which was successfully completed within the promised timeframe [2] - Following the efforts of the major shareholder and management, *ST Yushun announced on June 26, 2024, that its stock would have other risk warnings lifted starting June 27, 2025, although it will still carry delisting risk warnings [2] - The company is pursuing the acquisition of a data center business to further enhance its asset quality and profitability, with funding sources including loans from the controlling shareholder and the company's own funds [2]