Grandbuy Co., Ltd. (002187) Continuous Limit-Up Analysis: Driving Factors and Market Impact

Grandbuy Co., Ltd. (002187) entered the limit-up pool on November 27, 2025 [0]. Its limit-up was mainly driven by multiple factors: the new retail concept has become a market hotspot, and as a regional department store retail leader, it benefited significantly [0]; the expansion of duty-free store business brought expectations of policy dividends [0]; the layout of IP economy and the development of cultural and creative products attracted young consumer groups [0]; the SOE reform concept boosted valuation space [0]. Fund flow data shows that on that day, the main funds had a net inflow of 63.5939 million yuan [1], pushing the stock price up by 10.03% to 7.90 yuan [0], with a turnover rate of 3.6% [0]. However, in terms of fundamentals, the company achieved revenue of 2.787 billion yuan in the first three quarters of 2025 (a year-on-year decrease of 31.60%), and the net profit attributable to parent company was a loss of 30.9974 million yuan [2]. There is a short-term divergence between fundamentals and stock price performance. The company announced that its current operation is normal and there are no undisclosed matters that should be disclosed [4].

1. Traditional retail enterprises have achieved differentiated competition through digital intelligence transformation and business innovation (such as duty-free, IP economy), gaining market attention [0];
2. Regional SOE background combined with policy dividends (such as SOE reform) has become a catalyst for stock price [0];
3. Short-term capital inflow is significant, but investors need to be alert to stock price fluctuation risks under fundamental pressure [1,2];
4. The overall strength of the retail sector provides market environment support for individual stock performance [6].

• Risk
  : Sustained losses in the first three quarters [2], and fundamental improvement still takes time; short-term stock price has risen sharply, with correction pressure; market sentiment-driven mainly, and if concept popularity fades, it may lead to stock price decline.
• Opportunities
  : The effectiveness of new retail transformation is gradually emerging; the landing of duty-free business is expected to bring new growth points; the deepening of SOE reform may release more development potential.

Grandbuy Co., Ltd.'s recent limit-up is driven by multiple concepts and capital, with positive short-term market sentiment. Investors need to combine the progress of the company’s fundamental improvement, the landing of policy dividends, and changes in the market environment to rationally evaluate investment value and pay attention to short-term fluctuation risks.