Focus Stock》Zhibang: Revenue blowout in October, rush to hit the daily limit

Zhibang’s revenue in October reached 44.663 billion yuan, a monthly increase of 10.6% and an annual increase of 91.2%, setting a new single-month high. (Photo by reporter Wang Yihong)

[Reporter Wang Yihong/Report from Taipei] As customer demand continues to increase, netcom stock Zhibang (2345) recorded revenue in October of 44.663 billion yuan, a monthly increase of 10.6% and an annual increase of 91.2%. It set a new single-month high, and it was a significant increase of nearly 3.8 billion yuan from the all-time high of 40.87 billion yuan in August. The stock price opened higher today. Less than 10 minutes after the opening, it hit the upper limit of 1,405 yuan, with a trading volume of more than 900 contracts.

Zhibang's revenue has exceeded 40 billion yuan for three consecutive months, and its cumulative revenue in the first ten months was 331.065 billion yuan, an annual increase of 65.8%. Market legal persons estimate that as customers continue to purchase goods and new products are shipped, Zhibang's fourth-quarter revenue is expected to increase by about 10% quarter-to-quarter, setting a new historical single-quarter high.

Zhibang's stock price has retreated recently. Last Friday, amid the epic plunge of Taiwanese stocks, it opened at the lower limit of 1,245 yuan. Later, as buying orders came in, it closed at 1,280 yuan, a drop of 100 yuan. However, from the high on July 6 to last Friday's close, the decline was approximately 55%.