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Will the stock price of Sichuan Changhong rise or fall after the warrants are exercised?

Of course it will fall. A large number of warrants will be exercised, supply will increase, share capital will expand, and performance will be diluted, which will not support the rise in stock prices. Although large-cap stocks worth billions like Changhong have limited room for decline, every time there is a market trend in the stock market, the increase is weaker than the market. It is better to buy an index fund, which is not suitable for retail investors to participate.