Financial Associated Press, October 18, only used more than 6 million, a listed company with a market capitalization of nearly 2 billion staged a violent pull at the end of the day.

Today, the overall performance of the market is relatively weak, but the performance of Hongming shares has attracted the attention of the market. The stock fluctuated in a narrow range throughout the day and was violently pulled up at the end of the day, closing up 14.92%, and up 16% at the end of the day.

Judging from the trading situation of the stock, many forces did not invest more money in the violent rise of Hongming shares at the end of the day.Only 6.38 million yuan was used, but compared with the stock, this sum of money is not small. The whole-day turnover of the stock is 13.66 million yuan, and bidding for 3 minutes accounts for half of the total turnover of the day.

Since the listing of Hongming shares, the stock price has not been very active, and the daily turnover of the stock has been about 10 million yuan most of the time in the past month. With more than 6 million yuan suddenly poured into this inactive stock, it is not difficult to understand that bulls can achieve the effect of such a "surprise".

It is worth mentioning that Hongming shares officially landed on the A-share market on December 30, 2022, with an initial price of 40.5 yuan. At present, it has been listed for less than a year. With the violent rise in late trading, the stock has instantly become no longer broken from a broken stock.

According to public information, Hongming Co., Ltd. is a manufacturer of mask machine, the company integrates R & D, production and sales of packaging equipment manufacturers, the main products include a variety of automatic packaging equipment and packaging equipment. The products are mainly used in consumer electronic packaging boxes, food tobacco and alcohol boxes, medical and health care boxes, cosmetic boxes, jewelry boxes, gift boxes, clothing boxes and other high-quality packaging boxes and pulp molding products. The company's products mainly include automatic packaging equipment, packaging equipment, spare parts and other, mask machine and supporting equipment four categories.

In terms of past operating conditions, the company's operating performance from 2019 to 2021 was relatively stable. In these three years, the company's operating income was 265 million yuan, 308 million yuan and 324 million yuan respectively, and its net profit was 58.9011 million yuan, 60.6572 million yuan and 66.9923 million yuan respectively.

However, since 2022, the company's performance has changed. In 2022, the company realized operating income of 230 million yuan, a decrease of 28.86% over the same period last year, and the net profit belonging to shareholders of listed companies was 39.3674 million yuan, a decrease of 41.24% over the same period last year.

The decline in the company's performance intensified in the first half of this year. According to the semi-annual report data disclosed by Hongming shares, the company achieved operating income of about 98.3629 million yuan in the first half of this year, down 40.61% from the same period last year, and net profit of about 2.0058 million yuan, down 95.05% from the same period last year.