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

Grandbuy Co., Ltd. (002187) achieved two consecutive limit-ups on November 27, 2025, with a cumulative closing price deviation exceeding 20% [3], becoming one of the leading stocks in the retail sector that day. This limit-up was mainly driven by multiple factors:

1. Policy Favor
   : Six ministries including the Ministry of Industry and Information Technology issued the “Implementation Plan on Enhancing the Adaptability of Consumer Goods Supply and Demand to Further Promote Consumption”, proposing to cultivate trillion-level consumption sectors [0], bringing development opportunities for new retail formats.
2. State-Owned Enterprise Reform Concept
   : The company’s ultimate controller is the Guangzhou State-Owned Assets Supervision and Administration Commission, benefiting from the theme of state-owned asset mergers and reorganizations [0].
3. Sector Linkage
   : The retail sector was active overall, with stocks like Maoye Commercial strengthening simultaneously [0], reflecting rising capital attention to consumption recovery expectations [1][2].
4. Company Transformation
   : In the first half of 2025, it promoted digital and intelligent transformation, and planned to expand new formats such as duty-free shops and blind box economy [0], enhancing market imagination space.

• Dual Theme Resonance
  : The superposition of new retail policies and state-owned enterprise reform concepts formed a strong short-term catalytic effect, driving the stock price to rise rapidly [0][3].
• Sector Capital Inflow
  : Against the backdrop of divergence among the three major A-share indices, retail stocks continued to strengthen [1][2], indicating that the consumption sector has become one of the recent market hotspots.
• Short-term and Long-term Contradictions
  : The company’s stock price showed a long-term downward trend, but the recent limit-up reflects a shift in market sentiment; it is necessary to observe whether policy dividends can be converted into long-term performance support [0].

• Policy Dividend Window
  : Consumption promotion policies continue to be released, and new retail formats are expected to receive more resource tilt [0].
• State-Owned Enterprise Reform Potential
  : As a Guangzhou municipal state-owned enterprise, there are potential opportunities for asset integration or reorganization [0].

• Short-term Correction Risk
  : After consecutive limit-ups, the price increase is too large, which may trigger profit-taking [0].
• Long-term Performance Uncertainty
  : The effectiveness of the company’s transformation and the profit model of new formats are yet to be verified; a long-term stock price reversal requires performance support [0].
• Market Sentiment Volatility
  : The discussion heat in stock bars is high [6], with obvious short-term sentiment-driven characteristics, increasing volatility risks.

Grandbuy’s recent limit-up is the result of the combined effect of policy favor, sector linkage, and market sentiment. Investors should note:

1. Pay short-term attention to the sustainability of the retail sector and the progress of policy implementation [1][2];
2. Track the company’s transformation effectiveness and performance improvement in the long term [0];
3. Rationally view short-term price increases and avoid blind chasing of highs [0].