000620 Yingxin Development Limit-Up Analysis: Driven by Policy Tailwinds and Industrial Transformation

000620 Yingxin Development hit the limit-up today, which is the result of multiple factors:

1. Real Estate Policy Tailwinds Drive Sector Growth
   : Recently, the real estate market has shown positive signals; housing prices in first-tier cities may turn positive in Q4, leading to a limit-up wave for real estate stocks overall [1]. As a real estate sector stock, Yingxin Development benefits from the sector rotation effect.
2. Industrial Transformation Aligns with Policy Direction
   : The company’s strategic transformation focuses on cultural tourism and ice-snow industry, which is in line with the national ice-snow economic development plan. China’s winter tourism revenue has exceeded 87 billion US dollars [2], and the ice-snow industry is growing rapidly [3], bringing new growth space for the company.

The limit-up of this stock reflects the market’s recognition of its transformation path. Against the background of real estate industry adjustment, transforming to the high-growth ice-snow tourism industry helps to improve long-term valuation. In the future, we need to pay attention to the progress of transformation and the sustained growth momentum of the ice-snow tourism market.