Xiangyang Bearing surges 85% in 9 days: precision robot bearing revenue only 161,100 yuan

From October 22 to November 3, Xiangyang Bearing's share price rose about 85% over 9 trading days, hitting the daily limit up 6 times; over the same period, Unitree Technology rose about 21%. Its precision bearings usable in harmonic reducers and RV reducers generated cumulative operating revenue of only 161,100 yuan and have not yet turned a profit, accounting for about 0.023% of total revenue in the first half of the year. The company's net profit attributable to shareholders for the first three quarters remained a loss of 26.17 million yuan.