Reported about 1 year ago
Cangyou's stock (1568) has been rising continuously since July, breaking through the consolidation pattern last week. It closed at 31.45 yuan, with a daily increase of 7.52% and a trading volume of 3,057 shares, forming a long red K-bar. Recovering short, medium, and long-term moving averages, institutional investors have been net buyers for two consecutive days. If the trading volume remains high, there is a chance to challenge the previous high. Due to delayed shipments and inventory clearance by US customers, as well as the sale of Wuxi Cangyou last August, the revenue for the first five months of Cangyou decreased by 25.7% to 472 million yuan. Although the initial production efficiency may affect the gross profit margin, stable order backlog and continuous production of new energy vehicle orders are expected to gradually stabilize operations in the second half of the year.
Source: YAHOO