Jiangwu Equipment Rises 33.2% in Three Straight Limit-Ups; Net Profit Seen Up Over 100%
Jiangxi Jiangwu Rare and Precious Equipment Co. , Ltd. (Jiangwu Equipment) surged 33.2% over three consecutive limit-up sessions, with shares trading at RMB 16.89 on August 6. Market capitalization reached RMB 16.72 billion. Cumulative turnover was 23.79%. Shanghai Stock Connect net sold RMB 115 million, while brokerage seats net sold RMB 142 million. The company forecasts first-half net profit growth exceeding 100%.
Jiangwu Equipment hit its daily limit-up for three consecutive trading days. As of 9:30 a. m. on August 6, the stock traded at RMB 16.89, with a turnover rate of 1.01%, volume of 9.9751 million shares, and transaction value of RMB 166 million. The limit-up order value was RMB 222 million. During the consecutive limit-ups, the stock accumulated a gain of 33.2%, with cumulative turnover of 23.79%. The latest A-share market capitalization reached RMB 16.72 billion.
According to the dragon-tiger list data, the stock was listed once due to a cumulative price deviation of 20% over the three consecutive trading days and a daily price deviation of 7%. Among the top trading seats, Shanghai Stock Connect recorded a cumulative net sell of RMB 115 million, while brokerage seats net sold RMB 142 million.
The company's full name is Jiangxi Jiangwu Rare and Precious Equipment Co. , Ltd. , established on December 30, 1999, with registered capital of RMB 989.96 million.
Recent trading data shows that on August 5, the stock rose 10.04% with a turnover of 14.80% and net main capital inflow of RMB 235.85 million; on August 4, it rose 10.02% with a turnover of 7.98% and net main capital inflow of RMB 130.97 million; on August 3, it rose 0.56% with a turnover of 6.45%. In the preceding sessions, on July 31, it rose 2.19%; on July 30, it fell 7.70%; on July 29, it fell 3.74%; on July 28, it fell 5.77%; and on July 27, it rose 6.43%.