Powerful Stock Soars to a New High as Share Price Breaks Through the Hundred Yuan Mark!
The powerful stock of Xincai (688585.SH) soared again today after resuming trading, surging by 15% at the opening and breaking through the hundred yuan mark, closing at 105.88 yuan. Since early July, this stock has been on a wild ride, with its year-to-date gain reaching an astonishing 1420%.
On the evening of July 8, Xincai announced that Jiuxin Robot (established in February 2023) had set up a holding platform through a joint investment with the company and its core team, using an agreement-based transfer and tender offer to acquire at least 63.62% of the company's shares. Jiuxin Robot is a leading robot company specializing in humanoid robots.
Xincai released a statement last night saying that there were no significant changes in its fundamentals, and its main business remained focused on researching, producing, and selling high-performance corrosion-resistant materials for environmental protection and wind turbine blades. In the first half of 2025, the company's revenue reached 784 million yuan, up 12.50% year-on-year, although net profit declined by 32.91% due to exchange rate losses caused by unsettled foreign accounts receivable. Furthermore, the company's stock price has become severely detached from its fundamentals, and investors should be cautious of market risks.