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On August 5, Tenda Technology (001379) once again hit the daily limit, achieving 11 consecutive daily limits, and the latest closing price was 36.04 yuan per share, with a market value of 7.208 billion yuan.

After the market closed that day, Tenda Technology released its sixth recent announcement on unusual stock price movements. While there have been no major changes in the company's fundamentals, there may be irrational speculation, or there may be a risk of a stock price falling after a sharp rise.

The stock price has been rising wildly, how good is the company’s performance?

On the evening of August 5, Tenda Technology released its first performance report since its listing: its performance in the first half of the year declined, with operating income of 857 million yuan, a year-on-year decrease of 6.96%; net profit of 39.9568 million yuan, a year-on-year decrease of 11.94%; net profit after deducting non-recurring items was 27.4015 million yuan, a year-on-year decrease of 36.84%.

Tenda Technology stated that the reason for the decline in revenue and profit data was mainly due to the large fluctuations in stainless steel prices in the domestic market in the past two years, especially the continuous plunge in the prices of bulk raw materials such as nickel, chromium and iron ore, which caused a sharp drop in the price of stainless steel wire rods, leading to a decline in the sales price of the company's products. At the same time, affected by the intensified market competition, the gross profit margin of products has declined.

Although the performance has declined, the company's order situation is good. The order volume in the first half of the year increased by 30.91% year-on-year, and the sales volume increased by 13.99% year-on-year. Among them, the sales volume of domestic market products increased significantly, among which the sales volume of domestic traders increased by 58.2% year-on-year, and the sales volume of domestic terminals increased by 44.35% year-on-year.

Tenda Technology has recently become popular because it has been labeled as "commercial aerospace" by the market.

On February 29 this year, Tenda Technology stated on the Interactive Yi platform that the company's products are mainly stainless steel fasteners, among which high-temperature alloy and special alloy fasteners are used in aerospace engineering. Subsequently, the company was listed as a commercial aerospace concept stock. Recently, commercial aerospace concept stocks have been active repeatedly, and Tenda Technology has risen strongly on the market's tailwind.

On the news front, the launch ceremony of the first batch of networking satellites of the "Thousand Sails Constellation" (also known as the "G60 Starlink" plan) was held in Taiyuan on August 5. The first batch of satellites will be launched into orbit with "18 satellites in one rocket", heralding the beginning of the commercialization and industrialization layout of the Chinese version of Starlink.

Recently, an investor asked on the Tenda Technology interactive platform, "It is rumored that your company is the special commercial aerospace partner of G60 China Starlink and provides your company's products for commercial aerospace use. Is this true?" In response, Tenda Technology bluntly stated that as of now, the company has no direct supply of commercial aerospace customers.

Securities Times e-company reporter noticed that in the unusual announcements released in recent days, Tenda Technology has more than once distanced itself from commercial aerospace.

The company said that its main business is the research and development, production and sales of stainless steel fasteners such as bolts, nuts, screws and washers. Fasteners are a general term for components used to connect and fasten various parts. They have a wide range of applications and are called "industrial rice". From the sales model, it mainly sells through traders and directly sells to end users. So far, there is no direct supply to commercial aerospace customers.

In addition to clarifying market hotspots, Tenda Technology also verified other matters and made it clear that there were no major events that should be disclosed but were not disclosed, nor were there any major events in the planning stage, and there was no need to correct or supplement the information disclosed in the previous period.

In the view of Tenda Technology, the fluctuation range of the company's stock price in the short term deviates greatly from the Shenzhen A-share index in the same period, which may be due to irrational speculation. Industry insiders said that Tenda Technology went public in January this year, and most of its shares are currently in a restricted sale state, with a small circulating volume, and a high risk of speculation in the secondary market.

Judging from the data of the Dragon and Tiger List, hot money speculation is obvious in the current round of Tengda Technology's rising market. From August 2 to August 5, the top five buying and selling seats were all hot money seats, and there was no lack of "Dongcai Lhasa Group" figures.

Editor: Chen Lixiang

Proofreader: Yang Lilin