Circuit breaker and plunge to limit down! Tens of billions in funds cut losses: 88 million shares flee frantically...

Reprinted from: Ask Finance Network

Image source: Shui Yun Qian Fan

After hitting the daily limit and being halted the previous day, the stock now opens sharply lower and hits the daily limit down again, with hundreds of millions of dollars in funds suffering heavy losses, and 8 billion yuan in capital fleeing crazily…

On March 13, Guangxun Technology (002281) opened sharply lower, then fluctuated downward and hit the daily limit down, closing at 88.94 yuan. The day’s trading volume exceeded 880,000 lots, with a total transaction value of 8.06 billion yuan.

Data shows that on March 10, Guangxun Technology’s stock price strongly hit the daily limit; on March 11, it rose over 5%; on March 12, it again hit the daily limit in the early trading session, but around 10:03 AM, the limit was broken, and the daily gain narrowed to 8.01%. Throughout the day, the total trading volume was 1.148 million lots, with a transaction value of 11.23 billion yuan…

Unexpectedly, on March 13, Guangxun Technology opened sharply lower and hit the daily limit down again, with the funds that had chased the previous day frantically cutting losses and leaving the market…

In the abnormal fluctuation announcement, Guangxun Technology stated that after verification, there is no need to correct or supplement the previously disclosed information; recently, the company’s operational condition is normal, and there have been no significant changes in the internal or external business environment.

Regarding online rumors involving sample submissions, potential clients, large orders, revenue forecasts, technological breakthroughs, and production capacity, Guangxun Technology clarified that these are all false information after verification. Investors are advised to rely on official announcements published on the Shenzhen Stock Exchange’s website and beware of false information from unknown or unverified sources.

Additionally, after verification, the company, its controlling shareholders, and actual controllers have no undisclosed major matters that should be disclosed.

In the announcement, Guangxun Technology also issued a risk warning, noting that although the stock price has surged significantly in the short term recently, the industry and the company’s fundamentals have not undergone major changes. The company solemnly reminds investors to fully understand the risks of secondary market trading, invest rationally, and be cautious of investment risks.

According to data, Guangxun Technology originated from the Solid-State Device Research Institute of the Ministry of Posts and Telecommunications, established in 1976. It was restructured in 2001 and listed on the Shenzhen Stock Exchange in 2009, becoming the first domestic publicly listed company specializing in optical communication electronic devices.

As a global leader in the research, development, and industrialization of optoelectronic devices and modules, Guangxun Technology has focused on optical communications for nearly 50 years. Many “firsts” have been achieved, and it has been recognized as a “National Enterprise Technology Center,” a “National Demonstration Enterprise for Technological Innovation,” and hosts the “National Key Laboratory of Fiber Optic Communication Technology and Networks.” The company possesses strategic R&D and large-scale production capabilities for optoelectronic chips, devices, modules, and subsystem products.

In terms of performance, from 2022 to 2024, the company achieved revenues of 6.912 billion yuan, 6.061 billion yuan, and 8.272 billion yuan, respectively, with net profits of 608 million yuan, 619 million yuan, and 661 million yuan in the same period…

According to the third-quarter report, in the first three quarters of 2025, the company achieved revenue of 8.532 billion yuan, a year-on-year increase of 58.65%, and net profit of 719 million yuan, a year-on-year increase of 54.95%. The net profit attributable to non-recurring gains and losses was 678 million yuan…