Comprehensive Analysis of the Continuous Limit-Up Events of Grandbuy Co., Ltd. (002187)

Grandbuy Co., Ltd. (002187) hit consecutive limit-ups on November 26-27, 2025, with a closing price of 7.9 yuan and a cumulative increase of over 20% [1][3]. The company subsequently issued a stock trading abnormal fluctuation announcement, stating that its current operations are normal and there are no major matters that should be disclosed but have not been disclosed [2][7]. Market attention on this stock is mainly focused on several aspects: first, the exploration of new business formats such as duty-free business layout and blind box economy [3]; second, the “Business +” diversified integration marketing activities co-created with Lingnan Group, especially the cooperation during the upcoming Double 12 period [4][5]; third, as a member of the commercial retail sector, it benefits from the overall development environment of the industry [8].

From a cross-domain perspective, Grandbuy’s “Business +” strategy reflects the trend of traditional retail enterprises transforming into diversified business formats. Combining emerging elements such as duty-free and blind boxes is expected to enhance user stickiness and revenue sources [3][4]. The synergistic effect with Lingnan Group can not only integrate resources but also potentially bring new traffic entrances [5]. However, there is currently a lack of specific 2025 financial performance data to support the actual effects of these concepts [0]. In addition, consecutive limit-ups reflect a warming of market sentiment, but may also include short-term speculative components [1][7].

1. Short-term Fluctuation Risk
   : The cumulative increase has exceeded 20%, triggering abnormal fluctuations and there is pressure for a correction [1][7];
2. Concept Speculation Risk
   : The new business layout lacks clear financial data support, and market expectations may be higher than the actual situation [0];
3. Industry Competition Risk
   : The commercial retail sector is highly competitive, and the effect of transformation is uncertain [8].

1. Growth Potential of New Business Formats
   : If the duty-free business and blind box economy can be successfully implemented, it is expected to open new revenue growth points [3];
2. Synergy Opportunity
   : Cooperation with Lingnan Group may enhance brand influence and market share [5];
3. Industry Recovery Dividend
   : The overall environment of the commercial retail sector is improving, and the company is expected to benefit [8].

Grandbuy’s recent consecutive limit-ups are mainly driven by the market’s positive expectations for its new business layout and synergistic effects. Although the company stated that its operations are normal, the short-term stock price fluctuations are large, and there is a lack of specific financial data to support the actual effects of the concepts. Investors should pay attention to the company’s subsequent business progress (such as duty-free license application, Double 12 activity results) and financial reports to more comprehensively evaluate its investment value [0][2][7].