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After net profit forecasted to increase nearly 10 times, stock hits limit-down; Hangzhou Electric Stock responds: stock price fluctuation is market behavior, company's production and operations are normal.

K-LinePoet
Last week, Hangzhou Electric Co., Ltd. (Hangdian Co.), which released positive earnings results, quickly hit the daily limit down. As of the midday close, it remained locked at the daily limit down, trading at 44.1 yuan per share, with a total market value of 30.5 billion yuan. Regarding the secondary market performance, a reporter contacted Hangdian Co. as an investor. A company staff member on the phone said, "The company's production and operations are normal, customer cooperation is stable, and as you can see, our performance is quite good. (Stock price fluctuations) are market behavior. Perhaps some investors think the company needs to do better or for other reasons." (Cailianshe)
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