However, since March 6th, Dongxu Optoelectronics, which has experienced excessive growth in the short-term, has been sideways. It fell 3.64% on March 9 and stabilized yesterday. In early trading on Tuesday, Dongxu Optoelectronics opened at 10.6 yuan, and the stock price rebounded after a brief shock. The overall price fluctuated around 10.88 yuan in early trading. The afternoon's gains further narrowed. At the close, the stock rose 0.11 yuan or 1.04% to close at 10.69 yuan.
Investing in the field of graphene and sapphire, which is popular in the market, and completing related acquisitions are the main catalysts for Dongxu Optoelectronics' recent strength. According to the announcement, Dongxu Optoelectronics plans to jointly invest 15 million yuan with Beijing Institute of Technology to set up a holding subsidiary to carry out research and development, industrialization, market operation and project investment of new graphene materials, of which Dongxu Optoelectronics holds 70% of the shares. At the same time, the company invested 160 million yuan to acquire a 50.5% stake in Jiangsu Jixing, and the industrial and commercial change registration was also completed recently, and received a business license, which marked the official entry of Dongxu Optoelectronics into the sapphire field. Analysts believe that the future market potential of sapphire is worthy of optimism, Dongxu Optoelectronics, which has outstanding innovation ability, is expected to continue to benefit, and the stock price is worthy of long-term attention.
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