Aili Home opened higher on its first trading day after resumption and repeatedly hit the daily limit-up during the session. As of press time on August 18, it was up 9.24% at 29.79 yuan per share, with turnover exceeding 12% and a total market value of 7.217 billion yuan. Since July 21, the stock has posted 11 limit-up boards in 12 trading days, with a cumulative gain of 213.94% as of the midday break on August 18. The company has already suspended trading twice for verification. On the evening of August 17, it announced that the stock had hit the daily limit-up for 11 consecutive trading days from July 21 to August 10, with the share price surging 185.56% in the short term, accumulating huge trading risks and seriously deviating from the listed company's fundamentals. This round of gains began with a cross-border acquisition plan disclosed on the evening of July 20, under which the company intends to acquire no less than 77.08% of Oconnor's equity in cash. Due diligence, financial audit, and asset appraisal have not yet been completed, core terms still need to be negotiated and implemented, and a formal agreement has not yet been signed. Aili Home listed on the main board of the Shanghai Stock Exchange in 2020 and mainly produces PVC resilient flooring, while Oconnor focuses on storage testing equipment and testing services. In the first quarter of this year, the company reported a net loss attributable to shareholders of 14.8277 million yuan, down 166.88% year on year, and its interim results forecast expects a loss of 34.5 million to 40.5 million yuan in the first half of the year.
Zhangjiagang Elegant Home Tech Co LtdStock surges on acquisition plan, but deal is incomplete and fundamentals weak, causing mixed impact.
