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A-share closing review: The three major indexes continue to adjust! The Shenzhen Component Index and Chinext Price Index fell by over 1%, with Agriculture and Short Drama Concept being among the largest declines.
Gelonghui, February 25th | Major A-share indices continued to adjust today, with the Shenzhen Component Index and Chinext Price Index both dropping over 1%; by the close, the Shanghai Composite Index fell 0.8% to 3346 points, the Shenzhen Component Index declined by 1.17%, and the Chinext Price Index dropped by 1.13%. The total trading volume was 1.93 trillion yuan, a decrease of 189.9 billion yuan compared to the previous trading day, with over 3700 stocks in the All Market declining. In terms of sectors, the Agriculture Sector collectively retreated, with Transgenic and grain concepts leading the decline, multiple stocks like Top Cloud Agriculture dropping over 7%; the short drama concept fell, with TVZone Media nearing the daily limit down; cultural media stocks saw widespread declines, with Ciwen Media Co.,Ltd. dropping over 7%; and the insurance sector weakened, with New China Life Insurance leading.
Express News | Top Cloud Agriculture: No participation in the selection plan for the quality inspection and testing center of Jiangsu Nonghua Intelligent Agriculture Technology equipment.
Top Cloud Agriculture (301556.SZ): Currently has small Agricultural Machinery and other Asia Vets devices integrated into its product system.
On February 24, Gelonghui reported that Top Cloud Agriculture (301556.SZ) stated on the investor interaction platform that the company continues to invest in the field of agricultural intelligence and has currently integrated smart devices, such as small Agricultural Machinery, into its product system. In the future, efforts will continue to deepen technical research and development and market expansion in the Siasun Robot&Automation field, providing more innovative solutions for the development of Jiangsu Nonghua Intelligent Agriculture Technology.
Express News | The Agriculture Sector has fluctuated strongly, with Top Cloud Agriculture rising nearly 15%.
The review has stagnated and doubts exist regarding fundraising. When will Bohua Technology, which has passed the review, complete the final step of its IPO?
According to "Investor Network", Wu Wei, it is becoming increasingly difficult to list on the A-shares. By early December, a total of 766 companies were waiting for IPO across the three main Exchanges, a new low in nearly four years. In addition to the significant reduction in the number of companies waiting, under the new issuance environment, some companies that have passed the listing committee review are still unable to submit their registration. Peking Binhua Xinzhi Technology Co., Ltd. (hereinafter referred to as "Binhua Technology") is one such company. As early as January 2023, Binhua Technology passed the review of the GEM listing committee, but as of today, Binhua Technology has not yet submitted the registration draft to apply for registration and listing. On the same day, TopCloud Agricultural (301556) passed the review.
Research reports on digging for opportunities | Huaxin Securities: Topcloud Agricultural Technology has a broad growth space, initially given a "shareholding" rating.
Huaxin Securities Research Reports indicated a bullish outlook on the development trend of Jiangsu Nonghua Intelligent Agriculture Technology and the company's market position, initiating coverage with a "Shareholding" investment rating for Top Cloud Agriculture (301556.SZ). The company's revenue increased from 0.228 billion yuan in 2019 to 0.459 billion yuan in 2023, with a CAGR of 19.16%. Correspondingly, the net income attributable to the parent company grew from 27.261 million yuan to 0.115 billion yuan, with a CAGR of 43.32%. In the first three quarters of 2024, the company achieved revenue of 0.336 billion yuan (up 10.99% year-on-year), and realized a net income attributable to the parent company of 76.596 million yuan (up +