On August 14, the stock price of Qunxing Toys plummeted. At the close, the company's stock price was 5.61 yuan/share, a closing decrease of 7.73%. On the previous trading day, the stock price of Qunxing Toys “went up and down”. Regarding the sharp drop in stock prices, Qunxing Toys responded that the stock price in the secondary market was affected by multiple factors. The company's “one-size-fits-all” rise and fall yesterday was mainly affected by the computing power sector, but the company's main business is still alcohol sales, mainly selling brands such as Maotai and Wuliangye. Currently, alcohol sales are still the company's basic business. Regarding the market's concerns about whether to renew the leasing business with Tencent's computing power business, Qunxing Toys told the reporter that the computing power leasing cooperation business signed earlier is still progressing normally. As to whether to renew the subscription later, if it meets the information disclosure standards, the company will promptly disclose it.

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