Zhicheng Technology: Third Daily Limit, 10.48 Billion Market Cap, 91 Million Net Buy, H1 Loss 260-380 Million
Zhicheng Technology (Shanghai Zhicheng Purification System Technology) hit its third consecutive daily limit on July 27, closing at 27.37 RMB, bringing its market capitalization to 10.48 billion RMB. The stock surged 33.12% over the three sessions. According to the dragon-tiger list, net buying from top trading seats totaled 91.45 million RMB, including 18.07 million from Shanghai-Hong Kong Stock Connect and 73.39 million from brokerage seats. The company forecast a first-half net loss of 260 million to 380 million RMB, a sharp decline from the prior year.
Zhicheng Technology hit the daily limit during trading, marking its third consecutive daily limit. As of 9:26 a. m. on July 27, the stock was trading at 27.37 RMB, with a turnover rate of 0.76%, a volume of 2.909 million shares, a turnover of 79.62 million RMB, and a limit-order amount of 247 million RMB. During the consecutive daily limits, the stock accumulated a gain of 33.12% and a cumulative turnover rate of 15.05%. The latest total A-share market capitalization reached 10.48 billion RMB.
In terms of margin trading, the stock's latest (July 27) margin balance stood at 485 million RMB, of which the margin buying balance was 481 million RMB, an increase of 56.40 million RMB from the previous trading day, up 13.27% sequentially. Over the past three days, the cumulative increase was 73.01 million RMB, up 17.88% sequentially.
Dragon-tiger list data showed that the stock appeared on the list once due to a cumulative price deviation of 20% over three consecutive trading days and a daily price deviation of 7%. Among the top trading seats, the Shanghai-Hong Kong Stock Connect recorded a cumulative net buy of 18.07 million RMB, while brokerage seats recorded a total net buy of 73.39 million RMB.
On July 11, the company released its first-half performance forecast, with net profit expected to range from -380 million RMB to -260 million RMB, representing a year-on-year change of -973.59% to -634.56%.
Shanghai Zhicheng Purification System Technology Co. , Ltd. was established on November 13, 2000, with a registered capital of 382.96 million RMB.