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Optimistic Investors Push Fuchun Technology Co., Ltd. (SZSE:300299) Shares Up 27% But Growth Is Lacking
Investors in Fuchun Technology (SZSE:300299) From a Year Ago Are Still Down 41%, Even After 21% Gain This Past Week
Shenzhen-Hong Kong Stock Connect has recently invested nearly 600 million yuan to buy Dongshan Precision Manufacturing, while funds are frantically flowing out of Qiming Information Technology and Shenzhen Woer Heat-Shrinkable Material.
The top three net buy-ins on the Longhu list are Suzhou Dongshan Precision Manufacturing, Shenyu Communication Technology Inc., and Fuchun Technology.
A-share noon report: Chinext Price Index rose by 0.42%, led by the education and gaming sectors, and baijiu stocks rebounded.
The main indexes of A-shares opened lower and rose during the morning session. As of midday closing, the Shanghai Composite Index rose 0.07%, the Shenzhen Component Index rose 0.37%, and the Chinext Price Index rose 0.42%.
Fuchun Technology (300299.SZ): The company has not yet entered the low-altitude economy field in its business.
On July 30th, Gelunhui reported that Fuchun Technology (300299.SZ) said on the investor interaction platform that the company's current cooperation with ByteDance and related enterprises mainly includes: 1. The company's self-developed game products have cooperated with ByteDance and related parties in Hong Kong, Macao, Taiwan, Southeast Asia, South Korea and other regions and achieved excellent results; 2. The company and ByteDance-related quantum leap jointly increased their investment in the game development company Gemaier at the beginning of 2021, aiming to give full play to the industrial advantages of all parties, and provide a good foundation for continuous cooperation such as strengthening game research and development and joint investment among all parties. In addition, the company's business has not entered the low-altitude economy field.
Fuchun Technology (300299.SZ): The main business is in "digital culture + communication information".
Fuchun Technology (300299.SZ) stated on the investor interaction platform on July 30th that the company's main business is "digital culture + communication information". In the field of communication and information, the company is one of the major consulting companies in the top-level design of "Digital Fujian" informatization. In recent years, the company has focused on communication technology services and information project feasibility planning foundation, actively preparing for business transformation, and leveraging its strengths to turn to a multi-level digital empowerment comprehensive provider of information system engineering, datacenter engineering construction, and political and enterprise dedicated network construction services.
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