1. Reason for lower limit: On-machine CNC (603185).

Focusing on the research of photovoltaic crystalline silicon materials and engaged in the manufacturing of special crystalline silicon processing equipment, it has formed a complete product line covering squaring, truncation, grinding, rounding, chamfering, slicing, etc. for photovoltaic silicon wafer production.

2. As a machine numerical control company with two major concepts: photovoltaic and industrial machine, it has been very strong in the past period of this year. The stock price once hit a new high of 358.12 yuan/share. However, it has been continuously adjusted recently. As of press time today,

The price of Shangjishu Holdings fell to the limit.

As a result, Shangji CNC's stock price has fallen by more than 25% from its high point.

1. Operating cash flow has dropped significantly: 1. On October 20, Shanghai CNC disclosed its third quarterly report. The third quarterly report showed that the company achieved revenue of 7.586 billion yuan in the first three quarters of 2021, a year-on-year increase of 289.71%; net profit attributable to the parent company was 1.405 billion yuan,

A year-on-year increase of 310.28%.

As for the reason for the substantial growth in performance, the company attributed it to the expansion of the scale of its monocrystalline silicon business.

2. The company’s operating costs in the third quarter of 2021 were 5.71 billion, a year-on-year increase of 303%, which was higher than the 289.7% growth rate of operating income, resulting in a 2.5% drop in gross profit margin.

The expense rate during the period was 4.6%, down 2.5% from last year, and expenses were under reasonable control.

Operating cash flow dropped from 150 million to -300 million, a year-on-year decrease of 298%.

3. It is worth noting that as of the end of the third quarter, the Ruiyuan Growth Value Fund managed by star fund manager Fu Pengbo became the seventh largest circulating shareholder of Shanghai Machinery CNC in the third quarter, holding 906,600 shares.

1.5267 million restricted shares were lifted, so the company reduced its holdings by more than 600,000 shares in the third quarter.

4. At the same time, in 2021, the price of Shangji Shu Holdings doubled, rising from the lowest price of 113.02 yuan/share on April 16 to the highest price of 358.12 yuan/share on September 3, an increase of 216.86%.

2. Faced with such a rise, it is normal for some funds to choose to take profits and settle down.

1. The future is still worth looking forward to. There is another recent news about machine numerical control, that is, it has signed a big order.

2. According to the company’s announcement, from November 2021 to December 2023, Aixu Co., Ltd. purchased 780 million silicon wafers from Hongyuan New Materials (Shanghai Machinery Silicon Wafer Subsidiary), with a total amount of 5.009 billion yuan (tax included). Currently, the company

Customer coverage has been further expanded to include high-quality customers such as Trina Solar, Canadian Solar, Risen Energy, Chint New Energy, Tongwei Co., Ltd., Longheng New Energy, and Aixu Co., Ltd., including leading companies in high-quality component equipment and leading companies in high-quality cells.

enterprise.