6 Straight Limit-Ups After Falling Below 20
CCL group Shang Mao (8291) shares saw sharp volatility again. After falling below 20 on October 20, the stock posted 6 consecutive limit-up closes starting the next day, and closed at 33.9 on October 30. On a single-week basis, the gain reached 46.12%, ranking first among listed stocks over the past week and drawing market attention again. Rebounding from the bottom in just one week, it has again been labeled a CCL meme stock.
Record of 24 Limit-Ups and 10 Limit-Downs
Looking back at this year's trend, Shang Mao shares rose from 13.75 on April 24 all the way to 133, surging 867% in 24 trading days and setting a record of 24 consecutive limit-ups. However, the rally reversed on May 29, when the stock hit limit-down soon after the open to end the streak, and then swallowed 10 consecutive limit-downs, with the share price falling to as low as 24.9, showing extremely sharp volatility.
Continued Losses and Monthly Revenue Decline Pressure Unresolved
While the share price rebounded strongly, operating fundamentals remain under pressure. The company had previously received an audit opinion on its Q2 2022 financial report stating significant uncertainty over going-concern ability, which had not improved for over 3 years through August 2025, and trading in its shares was once suspended. In February this year the company also reported losses, a capital reduction and no dividend distribution, weighing on market confidence.
On financial figures, Q1 after-tax EPS was a loss of 0.49 per share, and Q2 EPS remained at a loss of 0.42 per share, extending the loss trend. The latest September revenue also fell month-on-month again, with no clear sign of recovery yet. With continued losses and weakening revenue, the short-term rally has diverged from fundamentals, and investors should judge independently and prudently assess risks.
Top Ten Listed Gainers This Week at a Glance
From October 27 to October 30 this week, the top ten listed gainers were, in order, Shang Mao closing at 33.9, up 46.12% on the week, Dashi Tech (8099) closing at 111.5, up 44.06% on the week, Dongtai (4526) closing at 56, up 36.42% on the week, Guanxidian (2466) closing at 354, up 35.63% on the week, and Mingyuan Precision (7704) closing at 87.3, up 30.69% on the week. Sixth to tenth were Shuohe (3691) closing at 141, up 29.36% on the week, Xingkang (3332) closing at 80.4, up 26.61% on the week, Baodeli (5301) closing at 7.63, up 25.49% on the week, Keji Precision (4568) closing at 51.8, up 25.27% on the week, and Tung Tai (3321) closing at 20.1, up 24.46% on the week.