Lianmao has surged in the short term and will face split trading as soon as the day after tomorrow.

Lianmao has risen sharply in the short term and will face split trading as soon as the day after tomorrow. (Photo by reporter Zhuo Yijun)

[Reporter Zhuo Yijun/Report from Taipei] Copper foil substrate factory Lianmao (6213) has been soaring as profits and revenue have continued to rise. The stock price has been rising all the way. It once reached 818 yuan in today's trading, setting another sky-high listing price. The stock price has surged 26.94% in the past week. According to the latest announcement from the stock exchange, Lianmao has been warned of excessive short-term gains for two consecutive trading days, and may face a 2-minute split as soon as the day after tomorrow.

Today, three major legal entities bought 3,034 Lianmao shares, pushing up Lianmao's stock price to a new sky-high price. It ended up rising 4.79% to close at 787 yuan. Japanese foreign investors predict that Lianmao will further increase product prices by about 20-30% in the fourth quarter, mainly reflecting the increase in raw material costs. In addition, the capacity utilization rate is expected to further increase, which will bring a more significant positive contribution to gross profit margin.

Lianmao's consolidated revenue soared to a new high in September. Lianmao's consolidated revenue in September was 5.824 billion yuan, a monthly increase of 15.46% and an annual increase of 110.74%. Revenue has hit a new monthly high for seven consecutive months.