Analysis of Rongji Software (002474) Five Consecutive Limit-Up Days: Market Performance Driven by Xinchuang Policy and AI Concepts

Rongji Software (002474) has shown strong stock price performance recently, achieving five consecutive limit-up days as of November 21, 2025, with a cumulative increase of 61.06%[0]. As a digital intelligence government affairs software enterprise in Fujian[5], its stock price rise is mainly driven by multiple factors: First, the continuous release of Xinchuang policy dividends has become the core growth driver[2]; Second, it has won multiple major projects concentratedly since October 2025, accelerating order landing[0]; Third, the deep integration strategy of AI+Government Affairs has been recognized by the market, aligning with the current hot spots in the technology sector[2]; Fourth, the joint pursuit of hot money and institutional funds, as well as the linkage effect of the Fujian sector, further boosted the stock price[1]. Financially, the company’s current stock price is 12.45 yuan, with a total market value of 5.818 billion yuan[3]. Although its performance in the first three quarters is still in loss[1], its operating cash flow has maintained a net inflow for 10 consecutive years, showing certain operational resilience[0].

1. Short-term Deviation Between Market Sentiment and Fundamentals
   : The surge in Rongji Software’s stock price (five consecutive limit-up days) contrasts sharply with its recent performance loss, reflecting that investors are more concerned about future growth expectations (such as the implementation of Xinchuang policies and the expansion of AI applications) rather than current profitability[1][2].
2. Catalytic Role of the AI+Government Affairs Track
   : The company’s strategy of deeply integrating artificial intelligence with government services aligns perfectly with the current market hot spot of expanding AI application scenarios, becoming an important catalyst for the stock price rise[2].
3. Double Driving Force of Policy and Capital
   : The continuous support of Xinchuang policies provides long-term growth space for the industry, while the short-term capital inflow from hot money and institutions amplifies stock price fluctuations[0][1].

• Valuation Pressure
  : The cumulative increase in stock price is too large in the short term (61% in 5 days), which may pose a risk of valuation bubble[1];
• Profit Uncertainty
  : The performance in the first three quarters continues to be in loss; if future profits fail to improve, it may lead to a stock price correction[1];
• Market Sentiment Volatility
  : Stocks relying on hot money speculation usually have high volatility; once capital withdraws, the stock price may fall rapidly[0].

• Xinchuang Policy Dividends
  : With the continuous investment of the country in government affairs informatization, the company, as a Xinchuang government affairs leader, is expected to obtain more orders[2];
• AI Application Expansion
  : The deep layout in the AI+Government Affairs field may bring a new growth curve to the company[2];
• Cash Flow Advantage
  : Positive cash flow for 10 consecutive years provides financial security for the company’s R&D and business expansion[0].

Rongji Software (002474) recently achieved five consecutive limit-up days with a significant cumulative increase due to Xinchuang policy dividends, AI+Government Affairs concepts, concentrated winning bids, and market capital pursuit. Although the company’s current performance is still in loss, its operating cash flow is stable, and it has a first-mover advantage in the Xinchuang government affairs track. Investors need to pay attention to the short-term overvaluation and the uncertainty of profit improvement, while focusing on the long-term opportunities brought by policy implementation and AI application progress[0][1][2].