The sharp fluctuations in the stock price of Bybon Group have attracted market attention. Yesterday, the stock price rose by more than 17%, reaching a new high in May 28 years. Today, it closed down with a limit of 20cm, and the intraday stock price fluctuated by more than 27%.

Market data shows that around 10:50 am, Bybon Group's stock price saw a surge, with the stock price soaring from 19.38 yuan (a drop of nearly 7%) to 22.39 yuan (an increase of nearly 8%), and the stock price surged by nearly 16% in just 7 minutes.

However, at 10:58 am, a sudden surge of selling pressure occurred, and the stock price staged a "high platform dive," with a flash crash hitting the limit down of 20cm at 11:04 am, and the stock price fluctuated by more than 27% in just 6 minutes. The limit down board was then opened, and then closed down again.

As of today's close, Bybon Group closed at a limit down price of 16.66 yuan/share, with a total market value of 2.167 billion yuan.

Regarding this matter, related personnel of Bybon Group's Investor Relations Department said that they did not know what the reason was.

"It was normal when I checked it in the morning. After half an hour it dropped, and it went directly to the limit down. I don't know what the reason was," the person said, "If we need to disclose a statement of abnormal change in closing price today according to the rules, we will do so according to the rules. But it doesn't seem like there was any. I don't know why the market caused the limit down situation."

At the same time, the above-mentioned person said that the company's operations are currently not a problem.

It is worth noting that investors have posted multiple chat records online, showing that multiple "teachers" in stock groups recommended Bybon Group stocks at the same time, urging group members to buy. The push time nodes mostly concentrated around 10:55, just the first three minutes before the flash crash of Bybon Group.

If nothing unexpected happens, this is once again a "slaughtering the pigs" event.

Information shows that Bybon Group's main business is to provide after-sales services and value-added services for intelligent mobile terminal products and intelligent hardware products, covering the entire purchase-use-repair-replacement process. It is a well-known authorized service provider of Apple Inc. in mainland China. The company's business covers 30 provinces, municipalities and autonomous regions in China, with more than 130 direct stores and more than 1,700 alliance outlets. It listed on the Growth Enterprise Market of Shenzhen Stock Exchange in January 2018.

As of March 31, 2022, Bybon Group has 4,881 shareholders with an average of 26,400 shares per person.

In the first quarter of 2024, Bybon Group achieved operating income of 141 million yuan, a year-on-year increase of 1.71%; net profit attributable to shareholders was -7.2731 million yuan, a year-on-year decrease of 1838.53%.

After the market closed on June 27th, the Dragon Tiger List data showed that a dedicated institutional seat net sold 7.6858 million yuan. Guosen Securities Yuxi Branch, Guotou Securities Foshan Shunde Xianghe Road, and Wanhe Securities Guangzhou Qifu Xin Cun net sold 24.8857 million yuan, 23.6777 million yuan, and 15.7939 million yuan, respectively; GF Securities Guangzhou Linjiang Avenue, Haitong Securities Shanxi Transformation Comprehensive Reform Demonstration Zone Branch, and Maigao Securities Beijing Branch net bought 9.8637 million yuan, 5.9213 million yuan, and 6.1275 million yuan, respectively.