Recently, a standout stock emerged in A-shares' home furnishing sector. Elegant Home-Tech Co.,Ltd. (603221, closing at 22.54 yuan, market cap of 5.461 billion yuan), primarily engaged in PVC (polyvinyl chloride) elastic flooring, has achieved nine consecutive daily limit-up moves as of July 31, doubling its share price in a short period.
Behind this surge is a cross-industry capital operation plan proposed by the company. On the evening of July 20, Elegant Home-Tech Co.,Ltd. announced plans to acquire no less than 77.08% of the equity in Oukangnuo, a semiconductor memory testing equipment firm, officially entering the hot semiconductor sector. Riding the wave of semiconductor localization and the AI computing power industry boom, the narrative of a "traditional flooring company venturing into semiconductors" quickly ignited market sentiment, with various funds pouring in and driving the stock to consecutive limit-up moves.
However, after the frenzy, the company began to issue urgent risk warnings. On the evening of July 30, Elegant Home-Tech Co.,Ltd. released a notice about severe abnormal stock trading fluctuations and risks, warning that the current share price has risen significantly and carries a risk of irrational speculation. It also clarified that the acquisition has only involved signing a preliminary agreement, with no formal contract in place, and the final outcome of the transaction remains uncertain.
On the evening of July 31, Elegant Home-Tech Co.,Ltd. further announced that its stock had hit daily limit-up moves for nine consecutive trading days from July 21 to July 31, with a cumulative price increase of 135.77%. To protect investor interests, the company will suspend trading to review the stock fluctuations, starting from the opening on August 3, 2026 (Monday), and will resume trading after disclosing the review announcement.
Notably, while the capital market enthusiastically embraced this cross-industry move, the company's core business has already shown signs of weakness. According to financial reports, the company reported a net loss attributable to shareholders of 14.8277 million yuan in the first quarter, a year-on-year decrease of 166.88%. In its previous interim forecast, Elegant Home-Tech Co.,Ltd. projected a net loss of 34.5 million to 40.5 million yuan for the first half of the year.