Announcement from Linhai Co., Ltd (stock code: 600099.SH), the company's stock will close at the limit-up price for three consecutive trading days on July 25th, 26th, and 29th, 2024...
According to the announcement of Linhai Co., Ltd (stock code: 600099.SH) on the Zhitong Finance APP, the company's stock has closed at the limit-up price for three consecutive trading days on July 25th, 26th, and 29th, 2024. Due to the fact that the company's stock has hit the limit-up price several times in the short term and its business segments have remained stable in recent years without major changes, and the main customers and fundamentals of the company have not changed significantly, there is a higher risk of decline in the future.
It is reported that the company's products mainly involve the special vehicle (all-terrain vehicle) industry, the agricultural machinery industry, the fire-fighting machinery industry, and the motorcycle industry. The main competitors are from domestic and foreign companies in the same industry and listed companies in its subdivision. The special vehicle industry is expected to face a high degree of uncertainty due to international geopolitical conflicts and changes in overseas economic environment. The agricultural machinery industry is still in a period of adjustment as a whole, with uneven development in its subdivision, and the contradiction between domestic agricultural machinery manufacturing and the mismatch of supply and demand is still prominent, which increases the demand for product structure adjustment. The fire-fighting machinery industry is greatly affected by local government fiscal input, and the industry is currently undergoing transformation and upgrading, with some market uncertainty. The motorcycle industry is affected by national policies, and opportunities and challenges coexist, but it will still maintain a low-level running trend overall.
