The share price of Blonde Technology hit a record high last Wednesday, but today's share price opened sharply lower, and even once fell to a limit. The main reason is that the share price has increased greatly since this year, and most investors have a high demand for liquidation. In addition, there is an announcement released last night that affects the share price of Blonde Technology. In this announcement, Blonde Technology said that Guangdong Blonde Technology Co., Ltd., a subsidiary, received a three-month KN95 mask order of US$ 975 million from an American company on May 16, but has not received 4% of the upfront payment from the buyer since then, so the contract order has actually been terminated. Details

According to the latest exchange rate calculation, US$ 975 million is almost RMB 7 billion. Previously, Blonde Technology also said that if this contract can be successfully fulfilled, the expected net profit will account for more than 5% of the company's annual net profit. But in fact, this is not the first time that a US company has done such a broken promise in mask orders. In April this year, the California government and BYD signed a large order worth more than $1 billion, and plans to purchase 3 million N95 masks from BYD at a unit price of $3.3 in the next two months. Besides N95 masks, another 1 million medical surgical masks will be purchased at a unit price of $.55, and the order amount of $495 million will be paid in advance. The NIOSH certification of N95 mask submitted by BYD a month ago failed to pass the written certification, so BYD had to return the $247 million advance payment paid by the California government. As early as before the 975 million US dollar contract, the bull stock of Blonde Technology had been in a very good trend, and after the announcement, it went up directly on the first trading day. Surprisingly, the share price of Blonde Technology rose by nearly 6% in less than three months. This time, Blonde Technology was stood up by American companies, because the transaction object was very mysterious and no advance payment was made, which attracted the suspicion of many small and medium-sized investors, who thought that the management of the company was manipulating the stock price.