Longzhou Co., Ltd. (002682.SZ) Hot Analysis: Stock Price Performance Driven by Special Purpose Vehicle Growth and Multiple Positive Factors

Longzhou Group Co., Ltd. (002682.SZ) was established in 2003, with its headquarters in Longyan, Fujian. Its main businesses cover modern logistics, automobile manufacturing and services, passenger transport and station services, refined oil and natural gas sales, etc. [0]. In the first three quarters of 2025, the company’s operating revenue was 1.825 billion yuan, a year-on-year decrease of 26.61%; net profit attributable to parent company was a loss of 95.6357 million yuan, a year-on-year decrease of 32.45%, and the asset-liability ratio climbed to 82.74%, indicating high financial risk [0]. However, its recent stock price performance has been active: the year-to-date gain in 2025 reached 383.77%, significantly exceeding the industry average; it hit consecutive daily limit-ups on November 13 and 14, and another limit-up on November 17, with a deviation value of more than 20% in two trading days [1][3]. Main funds had a net purchase of 12.3630 million yuan on November 17, indicating high market attention [2].

In terms of driving factors, the growth of the special purpose vehicle business is the core driver, supplemented by the optimization of corporate governance and government subsidy support [1]. In addition, the rotation effect of the transportation sector is obvious, with many stocks in the sector performing actively, further promoting the stock price rise of Longzhou Co., Ltd. [0].

Although the company’s fundamental performance is weak (continuous losses, high asset-liability ratio), the market focuses on the growth potential of its special purpose vehicle business and short-term positive factors (government subsidies, governance optimization), leading to a sharp rise in stock price [0][1]. The 383.77% gain since 2025 reflects strong speculative sentiment, which is in sharp contrast to the company’s actual operating conditions [0]. The sector rotation effect played an important role in this stock price rise, showing that market funds are looking for short-term hotspots [0].

: 1) High financial risk: The asset-liability ratio reaches 82.74%, with large debt repayment pressure [0]; 2) Continuous operating losses: Net profit in the first three quarters decreased by 32.45% year-on-year, and profitability is worrying [0]; 3) Stock price fluctuation risk: Excessive short-term gains make it prone to correction [0].

: 1) Growth of special purpose vehicle business: The company’s business structure is optimized, and this sector is expected to become a future growth point [1]; 2) Policy support: Government subsidies provide short-term liquidity support for the company [1]; 3) Sector popularity: The active transportation sector may bring sustained attention [0].

Longzhou Co., Ltd. has recently become a market hot stock due to factors such as the growth of its special purpose vehicle business, optimization of corporate governance, and government subsidies, with active stock price performance; however, attention should be paid to fundamental risks such as its high asset-liability ratio and continuous losses. The inflow of main funds indicates high short-term market attention, but investors should treat it cautiously in combination with their own risk tolerance.