Analysis of the Strong Performance of Junda Shares

1. Junda Shares opened 2.49% higher on December 17 and strengthened throughout the day, closing at the daily upward limit of ¥43.31. Trading volume was 2.3 times the average daily volume, clearly driven by short-term capital [0]. Technically, it has risen 18.14% cumulatively over five days from the low on December 11, with KDJ and MACD in bullish ranges, initially showing strong rotation [0].
2. Although no company announcement catalyzed it on that day, at the industry level, TOPCon technology will account for over 90% of module increments in the first half of 2025. As a leading beneficiary of N-type TOPCon cells, Junda Shares has structural opportunities, so capital tends to flow in continuously [1].
3. Fundamentals are still under pressure: The 2025 Q3 report shows the company continues to lose money, with negative earnings per share, and indicators like P/E and ROE are weak [0]; however, quarterly revenue improved slightly month-on-month, reflecting market share expansion.
4. The price encountered resistance around ¥44.35; the overbought RSI indicates a short-term correction. If bears intervene or capital withdraws, the stock price may fall back to the ¥39-40 support zone.

1. The strength comes more from the combination of technology and capital rather than fundamental improvement. The heavy volume of main capital catalyzed the daily upward limit, showing a typical “short-term theme” performance, and it is also prone to rapid adjustments when there is a lack of logical positive news.
2. Industry prosperity is a structural support; TOPCon has become the main line, meaning that if continuous volume production and technological leadership are maintained, the strength can be extended to the next order peak.
3. The beta is -0.83, implying a negative correlation with the broader market; it may show independent fluctuations when market risk appetite declines, and needs to be monitored in combination with overall risk appetite.

: Continuous losses and high valuation (negative P/E and high PB) are fundamental flaws [0]; short-term RSI and KDJ indicate overbought; approaching resistance at ¥44.35, plus systemic pressures such as overcapacity and price wars in the industry. The main trend depends on capital market conditions, so once trading volume falls or the broader market corrects, the adjustment risk rises.
: If TOPCon orders are fulfilled or positive industry policies emerge, the stock price is expected to break through resistance and test ¥50; with continuous short-term momentum and trading volume, capital may continue to push it up.

• Event time: December 17, 2025 (UTC+8), hit the daily upward limit on the same day, volume and price rising together, a typical performance in the strong stock pool. [0]
• Main drivers: Technical breakthrough and capital guidance; the industry’s TOPCon trend provides the structural underlying logic [1].
• Fundamentals are still in loss; short-term high valuation and overbought indicators suggest correction risk; it is recommended to pay attention to the ¥39-40 support or volume confirmation.