After the "single-character board" hit the price limit, the stock price plummeted. Qunxing Toys responded: the previously signed computing power leasing cooperation business is still proceeding normally.

On August 14, the stock price of Qunxingtong Toys plummeted. By the close of trading, the company's stock price was reported at 5.61 yuan per share, reflecting a decline of 7.73%. In the previous trading day, Qunxingtong Toys stock had reached the daily price limit. In response to the significant drop in stock price, Qunxingtong Toys stated that the stock price in the secondary market is influenced by multiple factors. The previous day's price limit was mainly driven by the computing power sector, but the company's core business remains liquor sales, primarily selling brands like Moutai and Wuliangye. Currently, liquor sales continue to be the company's fundamental operation. Regarding market concerns about whether to renew the leasing agreement for Tencent's computing power business, Qunxingtong Toys informed reporters that the previously signed computing power leasing cooperation is still progressing normally. As for the potential renewal, the company will disclose information in a timely manner if it meets the disclosure standards.