Regardless of performance? Baofeng Technology has hit the daily limit for 27 consecutive days

Listed on March 24, the stock price hit the daily limit for 27 consecutive trading days until April 30. Baofeng Technology, which was listed on the Growth Enterprise Market for just over a month, has set a new record for the number of consecutive daily limits in the A-share market with its crazy daily limit pace. In the current "bull market" environment, stocks with the "Internet +" concept are being hyped up by the market. How long can the daily limit "storm" set off by Baofeng Technology last?

The madness is expected to continue

In the morning trading on the 30th, Baofeng Technology went straight to the daily limit as usual, with a large number of buy orders firmly locking it at the daily limit. As of April 30, this stock with the stock code 300431 has hit 27 daily limits in a row.

At the beginning of its listing, Baofeng Technology started with less than 10 yuan. After 27 trading days of daily limit increase, the current stock price has risen more than 10 times compared with the issue price and broke through the 100 yuan mark in one fell swoop, with the latest closing price of 122.5 yuan. Based on this calculation, the current market value of Baofeng Technology has exceeded 14 billion yuan.

Prior to this, Lanshi Heavy Equipment, which was listed on October 9 last year, set a record for consecutive daily limit increases in A-shares with 24 consecutive trading days. Starting from 2.02 yuan, Lanshi Heavy Equipment's stock price rose more than 10 times after 24 consecutive daily limits, and continued to rise for several trading days after a brief adjustment. Currently, Lanshi Heavy Equipment's latest price is 32.98 yuan.

In terms of the number of days with daily limit increase, Baofeng Technology has broken the record previously set by Lanshi Heavy Equipment, and the trend seems to be stronger. Industry insiders said that the hot "Internet +" concept and "born in a bull market" are the main reasons for Baofeng Technology's daily limit increase storm.

According to information disclosed by the company, Baofeng Technology mainly provides comprehensive video services and Internet advertising information services. Through the "Baofeng Video" series of software and Baofeng Movie Video Browser, it provides video users with multi-terminal comprehensive video services mainly for free use, and provides Internet advertising information services to commercial customers.

Financial commentator Pi Haizhou believes that Baofeng Technology's continuous daily limit increase is also due to the "bull market". Judging from the current situation, Baofeng Technology's madness is expected to continue.

Investors no longer look at performance?

What worries some market participants is that the crazy performance of Storm Technology has nothing to do with the company's performance, and even the losses have not had any negative impact on its stock price.

On March 22, the company's initial public offering announcement had predicted that it would achieve operating income of 78 million to 84 million yuan in the first quarter of 2015, with a loss of 5 million to 6 million yuan. The latest financial report shows that the company's loss in the first quarter of 2015 was 3.2085 million yuan, equivalent to a loss of 0.0357 yuan per share. However, these have failed to stop Baofeng Technology's continuous daily limit.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.