According to the semi-annual report, Guoxuan Hi-Tech currently holds 14 stocks, but almost all of its book earnings in the first half of the year depended on a single ticket with a copper crown copper foil. The fair value change revenue brought about by copper crown copper foil alone was as high as 1,676 billion yuan. Experts said, “This profit structure means that the core support for Guoxuan Hi-Tech's high current book profit is not the main business, but short-term stock price fluctuation earnings from holding financial assets, and the actual profitability of the main business is weak. Once the stock price of the underlying position falls, the original floating profit will directly turn into a floating loss, directly eroding current profit.”

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.