Over the past week (October 7th to October 11th), the three major A-share indices experienced fluctuations and回调. As of the close on October 11th, the Shanghai Composite Index reported at 3217.74 points, down 3.56% for the week; the Shenzhen Component Index reported at 10060.74 points, down 4.45% for the week; the ChiNext Index reported at 2100.87 points, down 3.41% for the week.

Specifically, 11% of individual stocks achieved an increase within the week, with 77 stocks rising more than 15% and 77 stocks falling more than 15%. Sectors such as semiconductors, software development, IT services, and military electronics were among the leaders in terms of gains, while sectors like tourism and hotels, film and cinema, airport shipping, real estate, and white liquor were among the leaders in terms of losses.

Which individual stocks led the gains? Which individual stocks led the losses? 21 Investment Pass continues to provide you with insights every week.

Excluding newly listed stocks in the past month, in this period's list of top-performing stocks, Red Phase Shares (300427.SZ) topped the list with a weekly increase of 58.46%, followed by Coma Technology (301611.SZ) with a weekly increase of 55.69%. The weekly increases of Airong Software (830799.BJ), Sifang Jingchuang (300468.SZ), Chengdian Guangxin (920008.BJ), Guomin Technology (300077.SZ), Huafeng Super Fiber (300180.SZ), and Mengcao Ecology (300355.SZ) all exceeded 40%.

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Public information shows that Red Phase Shares mainly engages in the research and development, production, sales, and related technical services of power detection and power equipment, railway and urban rail transit power supply equipment, and military electronics, as well as new energy projects. In addition, the company's subsidiary, Yanchi Huaqin New Energy, holds a 20MW photovoltaic power generation project, and the company's wind power and photovoltaic projects are currently operating well.

In terms of secondary market performance, affected by the positive news of "delisting," Red Phase Shares strongly "20CM" one-word limit up on the opening of October 9th. On October 10th, it gained another "20CM" limit up. In terms of weekly increase, Red Phase Shares' three trading days after resumption (October 9th to October 11th) accumulated an increase of 58.46%, and as of the close on October 11th, Red Phase Shares reported at 8.05 yuan per share.

On October 9th, Red Phase Shares issued an announcement on the abnormal fluctuation of stock trading, stating that the closing price increase deviation value exceeded 30% on that day, which is an abnormal fluctuation of the stock. The company's controlling shareholders and actual controllers do not have any significant matters about the company that should be disclosed but have not been disclosed, or significant matters under planning. The company will continue to strictly follow the relevant laws and regulations and requirements, and conscientiously fulfill the obligation of information disclosure. In addition, the announcement further pointed out the risks related to the company's performance, with the company's revenue in the first half of the year being 337 million yuan, a year-on-year decrease of 40.92%, and the net profit attributable to the shareholders of the listed company being about 8.72 million yuan, a year-on-year decrease of 64.5%.

It is worth mentioning that on October 8th, Red Phase Shares also disclosed the situation of the company's convertible bonds conversion in the third quarter of 2024.

The "Red Phase Convertible Bonds" (123044) conversion period is from September 18, 2020, to March 11, 2026; the company's latest conversion price is 3.70 yuan per share. In the third quarter of 2024, a total of 94,575 "Red Phase Convertible Bonds" were completed (with a total par value of 9.4575 million yuan), converting into a total of 2,556,064 shares. As of the end of the third quarter of 2024, the company's remaining convertible bonds are 3,781,774, with a remaining total par value of 378 million yuan.

In this period's top ten bear stocks (excluding newly listed stocks in the past month), Lingnan Shares (002717.SZ) became the most bearish stock with a weekly decline of 24.29%, followed by Huangtai Liquor (000995.SZ), Hai Xin Neng Ke (300072.SZ), and Han Jia Design (300746.SZ), all with declines of more than 22%. The weekly decline of the top ten bear stocks in this period all exceeded 19%.Public information indicates that Lingnan Shares' main business includes garden construction, landscape planning and design, greening maintenance, and seedling production and sales, as well as hydropower engineering.

Recently, influenced by the hot topic of state-owned enterprise reform, the stock price of Lingnan Shares in the secondary market has continued to rise. On October 8th, the highest stock price reported during the trading day was 2.72 yuan per share, setting a new high since February 2024. Over a period of one month (from September 9th to October 8th), the cumulative increase reached 107.32%. Subsequently, the stock price continued to decline, and as of the closing on October 11th, Lingnan Shares had a cumulative decline of over 24% in the past week, with a turnover rate of 83.86% during the period.

It is worth mentioning that as early as August 14th, Lingnan Shares had announced that the company was facing a crisis in repaying convertible bonds. The remaining amount of the "Lingnan Convertible Bonds" issued by the company was 489 million yuan, and the existing monetary funds were insufficient to repay the "Lingnan Convertible Bonds," which could not be redeemed with principal and interest on schedule. However, the state-owned capital subsequently intervened to resolve Lingnan Shares' convertible bond crisis.

According to the financial reports of Lingnan Shares over the years, since 2020, Lingnan Shares has only achieved a net profit of 47 million yuan in 2021, with a total loss of over 3 billion yuan in four and a half years. In the first half of 2024, the company achieved a business income of 609 million yuan, a year-on-year decrease of 46.63%, and a net loss of 259 million yuan, a year-on-year decrease of 139.45%.