Analysis of the Reasons for Mindong Electric Power (000993) Trading Halt at Upper Limit and Its Subsequent Trend

Mindong Electric Power (000993) halted trading at the upper limit on December 3, 2025. The core driving factors include three aspects: First, strong technical momentum—cumulative increase of 31.39% in the past month and 19.66% in 5 days, showing a strong trend of continuous rise [0]; Second, profit growth support—2025 Q3 report shows EPS increased from $0.02 in Q1 to $0.18, and revenue grew from $131.01M to $201.47M, with continuous improvement in profit and revenue [0]; Third, long-term growth expectations for the renewable energy sector—China’s clean energy transition has driven market attention to related sectors, attracting capital inflows.

Price and trading volume: On that day, the stock price closed at the upper limit price of $13.94, with an increase of 10.02%. The trading volume of 31.94M was significantly higher than the average level of 22.56M, indicating active trading and strong buying pressure [0]. Technical indicators: KDJ suggests a bullish signal (K:66.6, D:41.9, J:115.9), but RSI (14) is overbought; the price is within the range of support level $13.12 and resistance level $14.35 [0]. Market sentiment: Entering the upper limit pool reflects widespread attention from retail investors, and the increase in trading volume and the stock price breaking previous highs both reflect a bullish sentiment on the technical side.

The upper limit of Mindong Electric Power is the result of the combination of the company’s profit improvement and industry trends: On one hand, the continuous improvement of the company’s own profit data provides fundamental support for the stock price; On the other hand, the policy dividends and long-term growth expectations of the renewable energy sector have amplified the market’s attention to the company. The continuous rise at the technical level has also triggered the chasing effect of more funds, and the increase in trading volume has further strengthened the short-term trend.

: First, overbought risk—RSI indicator suggests short-term correction pressure; Second, lack of clear sudden catalysts—part of the rise is driven by technical momentum, with speculation; Third, valuation risk—the current P/E of 30.93x is higher than the industry average, with high valuation [0]. : If it can break through the resistance level of $14.35, it may continue the upward trend; The long-term growth expectations of the renewable energy sector provide sustained market attention for the company.

The upper limit of Mindong Electric Power (000993) is jointly driven by technical momentum, profit growth, and industry expectations. The trading volume increased significantly on that day, but overbought and valuation risks need to be vigilant. The short-term trend needs to pay attention to the breakthrough of support level $13.12 and resistance level $14.35, and the long-term needs to continuously track the company’s profit performance and policy dynamics of the renewable energy sector.