Shengli Co., Ltd. (000407) Achieves Four Consecutive Limit-Ups Due to Merger and Reorganization: Analysis of Drivers and Market Performance

Shengli Co., Ltd. (000407) has had four consecutive limit-ups since resuming trading on November 11, 2025. The stock price rose from 3.78 yuan before the suspension to 5.54 yuan, with a cumulative increase of 46.56% [2]. The company issued an announcement due to abnormal stock price fluctuations [3] and was listed on the Dragon and Tiger List twice [5], indicating active market trading.

The company plans to issue shares and pay cash to acquire equity stakes in 4 gas-related companies under its controlling shareholder (acquiring 40% first this time), including 100% of Zhongyou Zhuhai, 100% of Tianda Shengtong, 100% of Nantong Zhongyou, and 80% of Ganhe Zhongyou [1]. This acquisition will significantly expand its gas business footprint and enhance profitability.

Shengli Co., Ltd.'s natural gas sales volume exceeded 1 billion cubic meters for the first time in 2024. It owns more than 30 natural gas companies, 14 regional franchise rights, and serves over 1.5 million users [7]. Against the backdrop of carbon neutrality, the development opportunities for natural gas as a clean energy source are prominent.

The National Development and Reform Commission continues to implement the green channel policy for mergers and reorganizations, promoting the listing financing and reorganization of technology-based enterprises [6]. Meanwhile, against the backdrop of energy transition, the prosperity of the clean energy industry has increased, providing a favorable environment for the company’s development.

• Stock Price Performance
  : Four consecutive limit-ups after resumption, with significant growth [2].
• Trading Activity
  : Listed on the Dragon and Tiger List twice, with high participation from institutions and hot money [5].
• Subsequent Focus
  : Need to track the progress of mergers and reorganizations, the fulfillment of performance commitments, and the impact of policy changes in the clean energy industry on the company’s valuation [7].