Shandong Fiberglass hit the daily limit on June 3
Today (June 3, 2025), Shandong Fiberglass (sh605006) hit the daily limit, with a daily limit price of 6.71 yuan, an increase of 10%, a total market value of 4.10 billion yuan, a circulating market value of 4.026 billion yuan, and a total transaction volume of 199 million yuan as of press time.
According to Xina AI's abnormal analysis, the reason for Shandong Fiberglass's daily limit may be: performance recovery + industry price increase + share repurchase. The interpretation is as follows:
1. Data shows that Shandong Fiberglass's total operating income in 2024 was 2.006 billion yuan, a year-on-year decrease of 8.89%; the net profit attributable to the parent was a loss of 98.9305 million yuan, a profit of 105 million yuan in the same period last year; the non-net profit loss was 161 million yuan, a loss of 71.7795 million yuan in the same period last year; the net cash flow generated by operating activities was 162 million yuan, a year-on-year decrease of 70.40%. However, the company's first quarter report in 2025 showed that the net profit attributable to the parent company was 8.7343 million yuan, a year-on-year increase of 110.25%, and the basic earnings per share was 0.01 yuan, with a significant increase in profitability. The company achieved a performance reversal through product structure adjustment, cost reduction and efficiency improvement, and production line technical transformation. In Q1 2025, it has turned losses into profits, and the performance turning point has been established.
2. The industry price has entered an upward channel, and the glass fiber price index has rebounded by 8% compared with the end of 2024, and the export volume has increased by 12.5% year-on-year. Zhongtai Securities Research Report also mentioned that the industry's price recovery has landed and supply and demand have improved, providing a favorable external environment for the company's development.
3. The company has repurchased 1.02% of its equity, which is intended to be used for employee incentives. This move will help improve the enthusiasm and sense of belonging of employees and promote the stable development of the company.