text | Jinwei
had just attached itself to the concept of the metaverse, and the stock price suddenly collapsed. This scene happened to Montnets Technology .
On November 18, Montnets Technology opened low and moved low. After more than ten minutes, suddenly crashed and hit the limit. As of press time, Montnets Technology closed at 17.42 yuan, with a total market value of 13.9 billion.
In less than half a day, Montnets Technology lost 1.6 billion. Calculated based on 50,000 shareholders, the average loss per capita was more than 30,000. Why did Montnets Technology experience a flash crash?
Data shows: Montnets Technology’s main business is mobile Internet operation support business.
In the first three quarters of this year, Montnets Technology achieved operating income of 1.939 billion yuan, a year-on-year increase of 2.09%, net profit of 89.1049 million yuan, a year-on-year increase of 104.20%, and basic earnings per share of 0.11 yuan.
In terms of news, Montnets Technology has no bad news recently, but has continued to have good news. For example, at the end of October, Montnets Technology's wholly-owned subsidiary won the bid for the China Mobile Internet procurement project. At the same time, Montnets Technology received performance forecasts from 7 institutions, and Guotai Junan was rated as overweight.
In early November, Montnets Technology and China Mobile launched the SMS applet 2.0. Montnets Technology said that the SMS applet is currently mainly adapted to Android and Hongmeng system terminals and has covered 300 million+ mobile phones in China.
On November 17, Montnets Technology also stated on the investor interaction platform that the company’s operating conditions were normal. What is slightly different is that Montnets Technology also answered 4 questions from investors about the Metaverse.
Montnets Technology said that Liu Xin, general manager of China Mobile Migu Company, released the Metaverse MIGU evolution roadmap and the first consumer-grade augmented reality glasses Nreal Air at the 2021 China Mobile Global Partner Conference . The company’s strategic deployment in the metaverse was announced to the public. China Mobile will focus on five major directions: ultra-high-definition video, video ring tones, cloud games, cloud VR, and cloud AR.
"For Monternet, the company will work closely with operators on the business side such as video ring tones, video cloud, and SMS applets in the future to lay out immersive social networking and provide ultra-high-definition underlying video for high-definition video, cloud VR, and cloud AR. Codec and transmission services; SMS applet 2.0 and terminal service account products can also be used as the entrance to the metaverse to connect hardware and the cloud.” When
responded to patents in the field of cloud VR and cloud AR, Montnets Technology said that a subsidiary of the group. Montnets Video has industry-leading real-time video and audio technology and video encoding and decoding technology. The company currently has more than 30 domestic and foreign patents, some of which have been authorized for product-related patents, and some related patents are in the application process.
The addition of Monternet Technology's multi-verse concept made many investors look forward to a hype. Unfortunately, Montnets Technology responded to the expectations of investors by lowering the limit on the 18th.
In fact, the hype around the Metaverse has cooled down recently, and regulators have issued 12 regulatory letters to relevant companies that released the Metaverse!
People's Daily also commented that although the metaverse seems to have vast space and multiple possibilities, it is still an emerging thing that has not yet taken shape. Everyone still needs to look at the current Metaverse craze rationally and be wary of any deception in the name of technology and the future; whether it is a mirrored reflection or a tangible future, capital hype or a new track, old wine in new bottles or new technological breakthroughs. You might as well "let the bullets fly for a while" before jumping to conclusions.
In the Monternet Technology shareholder group of Standard APP, some investors said that when the hype can’t keep up with the heat, the Metaverse concept stock is being strictly regulated, and the sector is in a period of adjustment. If you release the Metaverse at this time, it will be good for the promotion. Does boosting the stock price have any effect? If the latent funds have run away, can the stock price not collapse?
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