Grandbuy Co., Ltd. (002187) Continuous Limit-Up Analysis: Policy Catalysis and Market Sentiment Driven

Grandbuy Co., Ltd. (002187) recorded consecutive limit-ups on November 26-27, 2025, with a two-day price deviation exceeding 20% [3], triggering abnormal fluctuation monitoring. Although the company’s revenue in the first three quarters of 2025 decreased by 31.6% year-on-year to 2.787 billion yuan and net profit was a loss of 30.9974 million yuan [0], the stock price was active, having been on the Dragon and Tiger List 7 times this year [0].

Driving factors include: 1) Policy benefits: Six ministries jointly issued the “Implementation Plan on Enhancing the Adaptability of Consumer Goods Supply and Demand to Further Promote Consumption”, clearly targeting the formation of 3 trillion-level consumption sectors [5]; 2) Main capital inflows: Net purchases on November 26 were 74.4896 million yuan [7], and on November 27 were 63.5939 million yuan [6], among which GF Securities Taizhou Donghai Avenue Branch Office had net purchases of 49.4027 million yuan [1]; 3) Hot concepts: The company has labels such as state-owned enterprise reform, duty-free, and influencer economy [4], aligning with short-term market preferences.

The company has issued an announcement stating that its business operations are normal and there are no undisclosed matters that should be disclosed [2].

1. Fundamental-Price Divergence
   : Short-term stock price movement contrasts with weak fundamentals, reflecting the market’s overreaction to policy expectations and concept speculation;
2. Policy Sensitivity of Retail Sector
   : The new consumption promotion policy has a short-term boosting effect on the valuation of traditional retail enterprises, especially those with transformation potential or concept labels;
3. Capital-Driven Characteristics
   : Large main capital inflows for two consecutive days indicate dominance by short-term speculative funds; subsequent attention should be paid to the sustainability of capital.

:

• Short-term profit-taking pressure: A correction may occur after consecutive limit-ups;
• Fundamental pressure: Long-term performance improvement lacks clear support [0];
• Regulatory attention: Abnormal fluctuations may trigger exchange inquiries or regulatory measures [3].

:

• Sustained policy fermentation: If detailed consumption promotion rules are implemented, it may bring short-term trading opportunities;
• Concept catalysis: Relevant concepts (such as progress in duty-free license applications) may further drive the stock price.

: Short-term risks need to be focused on, especially profit-taking pressure.

Grandbuy’s recent stock price movement is mainly driven by policy benefits, main capital inflows, and hot concepts, with a certain divergence from fundamentals. Investors should rationally view short-term fluctuations and make decisions based on their own risk preferences.