日前（The battle between bulls and bears is intense.
On January 6, Shanghai Metersbonwe Fashion & Accessories reached its daily limit drop at 13.1 yuan/share at 14:32, exhibiting a rare trend. However, shortly after hitting the limit down, the stock price suddenly surged, and by 14:42, the company's stock price soared to the limit up price of 16.01 yuan/share, creating a rare 'heaven and earth ceiling' market.
At the close, Shanghai Metersbonwe Fashion & Accessories sealed the limit up and achieved a three-day consecutive board, with total trading volume of 0.263 billion yuan and a turnover ratio of 13.6%.
Recently (January 4), Shanghai Metersbonwe Fashion & Accessories announced that the company’s stock had abnormal trading fluctuations. The announcement revealed that the stock price of Shanghai Metersbonwe Fashion & Accessories on January 2 and January 3, 2025, had an accumulated closing price increase deviation of over 20% over two consecutive trading days, triggering abnormal trading fluctuations.
After the company's self-inspection and verification with the controlling shareholder and actual controller, as of the date of this announcement, aside from disclosed matters, there are no significant undisclosed information.
At the same time, the company's operating situation is normal, with no significant changes in the internal and external operating environment. The company, the controlling shareholder, and the actual controller do not have any significant undisclosed matters regarding the company. The controlling shareholder did not buy or sell the company’s stocks during the period of abnormal trading fluctuations.
In terms of funds on the dragon and tiger list, data shows that today, CSC's Peking Haidian branch, Sinolink's Shenzhen branch, and East Money Information's Lhasa Financial City South Ring Road bought 7.19 million yuan, 4.241 million yuan, and 3.894 million yuan respectively.
Lianchu Securities sold a net amount of 27.96 million yuan, Huaxin Securities sold a net amount of 13.03 million yuan, and Dongguan Securities Nanjing branch sold a net amount of 10.29 million yuan.
Performance is under pressure and profits are declining.
According to the data, Shanghai Metersbonwe Fashion & Accessories was established on August 5, 1998, focusing on the research and development, production, sales of pesticide products, and the promotion and service of agricultural technology, it is a manufacturing enterprise of Chemical Raw Materials and Chemicals. The company was listed on the Main Board of the Shanghai Stock Exchange in September 2021.
In 2023, the agriculture chemical industry showed a downward trend due to various domestic and international economic factors.
The industry's downturn has also had a significant impact on Shanghai Metersbonwe Fashion & Accessories' production and operation, with the company achieving revenue of 0.699 billion yuan in 2023, a decline of 22.58% compared to the same period last year; the net income attributable to shareholders of the listed company was 57.557 million yuan, a substantial decline of 60.33% compared to the same period last year.
Although Shanghai Metersbonwe Fashion & Accessories achieved revenue growth in 2024, the net income significantly decreased, and there was a loss in the third quarter.
As of September 30, 2024, Shanghai Metersbonwe Fashion & Accessories achieved a revenue of 0.623 billion yuan, a year-on-year increase of 12.49%. However, the net income attributable to shareholders decreased by 38.34% year-on-year, leading investors to question the company's profit model.
Regarding dividends, Shanghai Metersbonwe Fashion & Accessories has yet to distribute cash since its listing, retaining profits.
Moreover, the challenges facing the company include increased period expenses, growth in accounts receivable, and tight cash flow. Future attention needs to be paid to its performance in cost control and market expansion.
