2026-03-17 06:14:29

After the "9.24" of 2024, the index rose more than 40%, and nearly 1,600 companies saw their stock prices double.

I was curious about this, so I conducted a profile analysis. The results showed that these 1,600 companies have the following characteristics:

**First characteristic:** The median market cap is 8 billion yuan, which is the market cap reached after stock prices doubled by the end of 2025. The pre-increase market cap was even smaller, with small and mid-cap enterprises dominating.

**Second characteristic:** From a profitability perspective, performance is poor. The median profit is 0.5 billion yuan with an ROE of 5%; 447 companies are unprofitable, accounting for 28%, and 516 companies with profits below 100 million yuan account for 32%.

**Third characteristic:** Growth potential similarly lacks highlights. Among non-loss-making enterprises: 22% experienced declining performance, 16% had growth below 30%, 8% had growth between 30-50%, and 25% achieved growth above 50%.

**Fourth characteristic:** The median PE(TTM) valuation of these companies is around 120x, with PB valuation around 5x.

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