On March 25, Ge Longhui Co., Ltd. (600083.SH) announced abnormal stock trading fluctuations. The company's stock has risen as high as 94.84% since March 15, 2024, seriously deviating from market and industry trends. On March 25, 2024, the company's stock closed at a high and low price. From March 15 to 25, it had been rising and stopping for 7 consecutive trading days. The increase deviated seriously from the Shanghai Composite Index and wholesale industry during the same period. The company's latest rolling price-earnings ratio was a loss. The latest net market ratio was 37.47 (the index was significantly higher than 1.57 in the same industry), and the cumulative turnover rate was 132%. There is a situation where market sentiment is overheated, and there may be irrational hype.
The company's smart hardware and derivatives business is mainly sales of its own products and agent sales of smart terminals and hardware products from other brands. All of the products sold by the company are OEM, and the company has no production capacity. The company did not sell its own brand products in 2023. The company did not cooperate with Huawei in any form. It only sold some Huawei products. Agent sales revenue only accounted for about 0.6% of total revenue, which is extremely low. The company belongs to a traditional, non-high-tech industry, and does not involve hot market concepts such as artificial intelligence