Dropped from 1,600 yuan to 617 yuan! Global Crystal plunged more than 60%, and investors collapsed: Is it going bankrupt?

The stock price of the major silicon wafer manufacturer Global Crystal (6488) has continued to bottom out recently, falling from a high of 1,600 yuan. Today (4th), it encountered heavy selling pressure. It hit the limit price of 617 yuan during the session. Compared with the historical high, it has fallen by more than 60%. The stock price simultaneously hit a new low in the past six months.

Global Crystal's stock price was hit by foreign investors' lowered target price today, and it fell all the way after the opening. It fell sharply to the limit price of 617 yuan during the session. As of 12:30 noon, the trading volume has exceeded 14,000 contracts, and the number of contracts for selling at the limit has exceeded 2,900. The selling pressure is quite heavy.

Global Crystal's stock price plummeted, triggering heated discussions among investors. Many investors left messages on the Internet to express their helplessness. Some people couldn't help but shout, "Are you going to go bankrupt? It's dropped like this!", others laughed at themselves, "Congratulations, it's doubled, it's down to the limit again." Some people said bitterly, "Is it a stock difference recently? Is it a two-for-one split or a three-for-one split?", "Don't be afraid! Global Crystal's price below 1,000 yuan is a gift from God! Just go long."

In addition, there are also investors who are puzzled by the divergence between Global Crystal's fundamentals and stock price performance, questioning, "The subject matter and performance are good, so why does it keep falling?" Some people are even worried that the stock price may continue to drop, saying bluntly, "Is this speed heading towards 300 yuan?" This reflects the market's pessimism about the market outlook.

Global Crystal's decline has also reminded many investors of Yageo (2327), which has experienced dramatic stock price corrections in the past. Some people even directly compared the two companies, saying "it is really a fraud group company Yageo 2.0."

As the stock price continues to break through the bottom, whether Global Crystal can stop the decline and stabilize in the future, and whether the fundamentals can regain market recognition, has become the focus of investors.