baccarathotel&residences| Occasional order revenue accounted for a very low proportion of Guangha Communications ended its "six consecutive rises" yesterday

Every reporter Chen Pengli every editor Dong Xingsheng

Guangzhou-Harbin Communications (SH300711) glued to the hot concept of "low-altitude economy"Baccarathotel&residences, the share price is 22Baccarathotel&residences.85 yuan with a market capitalization of 56Baccarathotel&residences(.94 billion yuan) the share price has gone crazy recently.

A reporter from the Daily Business News noted that in the six trading days from April 17 to 24, the share price of Guangzhou-Harbin Telecom rose from 11.10 yuan per share to 24.16 yuan per share, an increase of 125.37 percent.

On the evening of April 24, Guangzhou-Harbin Telecom issued a "notice on serious abnormal fluctuations in Stock Trading", saying that the company paid attention to some media, stock bars and other platforms to discuss the company's related business, involving hot concepts such as "low-altitude economy". After self-examination, the company has provided the development and construction of the ground-to-air communication subsystem for a city's low-altitude navigation management service system project undertaken by a scientific research institution. The operating income of the above projects only accounts for about 0.72% of the company's annual operating income, which is very low. The above items are occasional orders, and the company has not obtained any new orders in this field recently, and it is expected that it will not bring operating performance increment for the company in the medium and short term. Guangzhou-Harbin Telecom also warned that the company's shares may have the risk of falling after a large short-term rise.

On April 25, Guangzhou-Harbin Telecom shares fell at the beginning of trading, ending the "six consecutive gains" market. By the close, the company's shares were down 5.42%. At the same time, the flush low-level economic sector index (886067) still rose slightly, with more than 70 stocks floating red, while Nanjing Julong (SZ300644, share price 21.60 yuan, market capitalization 2.329 billion yuan) and Haite high-tech (SZ002023, 11.07 yuan, market capitalization 8.201 billion yuan) rose by the daily limit.

Share prices once soared when touched by hot spots.

In 2024, the "low-level economy" was included in the government work report for the first time.

At the end of March, the "implementation Plan for Innovation and Application of General Aviation equipment (2024-2030)" issued by the Ministry of Industry and Information Technology, the Ministry of Science and Technology, the Ministry of Finance and the Civil Aviation Administration of China proposed to promote the low-level economy to form a trillion-level market scale by 2030.

Under the catalysis of various policies, the concept of "low-altitude economy" has become the theme of repeated activity in the capital market recently.

Flush data show that on April 2, Guangzhou-Harbin Telecom added the concept of "low-altitude economy" because the company replied to investors on Interactive easy on April 1 that the company's command and dispatching system and related products can be applied to low-altitude navigation command and dispatch. at present, relevant solutions have been provided for customers.

Since April 17, Guangzhou-Harbin Telecom, whose share price has always been lukewarm, started a rally, rising 12.13% on the day. The following 5 trading days rose one after another, and the limit rose for 2 trading days. On April 24, the share price of Guangha Telecom reached as high as 25.14 yuan per share in intraday trading, setting a new high for the stock in recent years. From April 17 to 24, Guangzhou-Harbin Communications increased by 125.37%.

During this period, Guangzhou-Harbin Telecom issued three reminders of abnormal fluctuations in stock trading one after another.

The price-to-earnings ratio is much higher than the industry level.

After trading on April 23, Guangzhou-Harbin Communications issued an announcement and mentioned the concept of "low-altitude economy" for the first time. The company said at that time: "after self-examination, the company's command and dispatching system and related products can be applied to low-altitude navigation command and dispatching, and relevant solutions have been provided to customers at present; the company's main business has not undergone major changes. The company's defense sector income in 2023 is about 229 million yuan, accounting for 50.79% of the company's operating income, and the daily operation and internal business order are normal."

On the evening of April 24, Guangzhou-Harbin Telecom issued a further announcement to further clarify that the company had received project orders related to the "low-level economy", but the order was sporadic, and the company had not recently obtained new orders in this field. Meanwhile, as of April 24, the company's static price-to-earnings ratio was 98.35. The latest data from China Securities Index Co., Ltd. shows that the company belongs to the CSRC industry C39 computer, communications and itsBaccarathotel&residencesHis electronic equipment manufacturing industry's average price-to-earnings ratio is 27.92, the company's price-to-earnings ratio is much higher than the industry level.

As soon as the above announcement was issued, Guangzhou-Harbin Communications fell at the beginning of trading on April 25, with the biggest drop of 9.56% in the morning. As of the close of the day, the stock fell 5.42%, ending the previous "six consecutive gains" market.

Looking at the "low-level economy" concept stocks, flush data show that as of the close on April 25, the overall performance of the low-level economy concept Index (886067) was not as good as that on April 24, with the index rising only 0.18%. Meanwhile, 72 stocks rose and 95 stocks fell in the low-altitude economy concept sector (BKBF5B).

From the perspective of performance, Guangzhou-Harbin Telecom achieved both revenue and net profit growth in 2023. In the first quarter of 2024, the company expects operating revenue to grow by about 16% year-on-year, and net profit to turn into profit.