Tongyu Communication Rises 56% in 8 Days on 5 Limit-Ups; H1 Loss of RMB23-27 Million
Tongyu Communication has been highly volatile, rising 56% over eight trading days with five limit-ups and cumulative turnover exceeding 100%. The company anticipates a first-half net loss of RMB23-27 million. As of August 12, the A-share total market capitalisation was RMB19.44 billion. Margin financing balance increased 69.37% over eight days, while institutions net bought RMB308 million on the Dragon-Tiger List. Recent sessions saw sharp swings, including a 10% gain on August 7 and an 8.31% drop on August 10.
Tongyu Communication has been active in recent market trading, hitting the daily limit again on August 12. It recorded five limit-ups in eight trading days, with a cumulative gain of 56.19% and a cumulative turnover rate of 104.42%, surpassing 100%. As of 10:51 that day, the stock had traded 48.943 million shares, with a turnover of RMB1.704 billion, and a turnover rate of 14.49%. The latest total A-share market capitalisation stood at RMB19.44 billion, with a free-float market capitalisation of RMB12.537 billion.
Margin trading data showed that as of August 11, the stock's outstanding margin balance was RMB820 million, of which margin financing balance was RMB819 million, down RMB25.4207 million from the previous trading day, a decline of 3.01% month-on-month. Over the past eight days, the margin financing balance increased by RMB335 million in total, a month-on-month increase of 69.37%. Dragon-Tiger List data showed that the stock appeared on the list three times because its cumulative price deviation over three consecutive trading days reached 20%, its daily decline deviation reached 7%, and its daily turnover rate reached 20%. Among the top trading departments, institutions net bought RMB308 million, Shenzhen-Hong Kong Stock Connect net sold RMB22.9094 million in total, and trading department seats net sold RMB27.9468 million in total.
Guangdong Tongyu Communication Co. , Ltd. was established on December 16, 1996, with a registered capital of RMB523.83603 million.
In terms of recent individual stock trading data, on August 11, the stock fell 1.06% with a turnover rate of 19.97%, and main capital saw a net outflow of RMB186.7264 million. On August 10, it dropped 8.31% with a turnover rate of 27.16%, and main capital net outflow was RMB152.9611 million. On August 7, it rose 10.00% with a turnover rate of 2.45%, and main capital net inflow was RMB156.1148 million. On August 6, it gained 9.99% with a turnover rate of 6.94%, and main capital net inflow was RMB307.27 million. On August 5, it climbed 6.92% with a turnover rate of 21.91%, and main capital net inflow was RMB78.2349 million. On August 4, it advanced 9.98% with a turnover rate of 5.42%, and main capital net inflow was RMB163.0583 million. On August 3, it rose 10.02% with a turnover rate of 6.07%, and main capital net inflow was RMB141.7734 million. From July 30 to 31, the stock fell 5.92% and rose 5.37% respectively, with main capital in net outflow both days.