New Stocks Outlook | Unable to sprint in A shares for 3 years, will Sina Baidu-backed Zhuoyue Ruixin's "southward move" fulfill the capital dream?

8.5 2019-20231.715.929.279.589.9222.3%1.9%14.6%36.6%38.6%Not low. As of the end of each period from 2021 to the first half of 2024, the company's cash and cash equivalents were 97.43 million yuan, 2.06 billion yuan, 1.42 billion yuan, and 67.719 million yuan respectively; meanwhile, the company's trade receivables and retention receivables were 1.28 billion yuan, 1.41 billion yuan, 2.15 billion yuan, and 2.69 billion yuan respectively during the same period. Overall, the business model of Zluxx RuiXin almost determines that if it wants to grow and strengthen, it must continuously rely on external forces to provide "bullets" for it, thereby providing support for the company's expansion.It is not difficult to understand that, after failing to make an impact on the A-share market, even with the backing of Sina and Baidu, Zhuoyue Rui Xin still needs to shift its focus to the Hong Kong stock market without stopping. However, considering that investors in the current market environment are becoming more selective with their investment targets, if Zhuoyue Rui Xin cannot improve the certainty and stability of its performance, it may not be easy to impress the market.