Analysis of the Strong Performance of Transwarp Technology-U (688031)

Transwarp Technology-U (688031) entered the strong stock pool on December 15, 2025, with key performance including hitting the daily limit during trading, a 20% increase, and a price of 90.06 yuan [4]. Its strong performance is driven by the resonance of multiple factors:

1. Technical Analysis
   :
   • The trading volume on the day was 977 million yuan, with a turnover rate of 12.68%, significantly higher than the average level, indicating high enthusiasm for capital participation [4].
   • A rapid rise to the daily limit during trading shows strong bullish momentum, but the amplitude reached 23.34%, indicating high short-term volatility [4].

2. Fundamental Support
   :
   • Technological Breakthrough
     : Technological breakthroughs in the big data basic software field have attracted market attention, and progress in related product performance and compatibility has enhanced competitiveness [5].
   • Performance Improvement
     : The 2025 Q3 report shows that operating revenue increased by 7.4% year-on-year to 225 million yuan, and the net profit attributable to shareholders narrowed from 293 million yuan to 213 million yuan, showing a clear positive trend [6].
   • Industry Recognition
     : Products have passed international authoritative audit certifications such as TPC-DS, enhancing market recognition [5].
   • Business Expansion
     : Large model-related businesses have received nearly 50 million yuan in orders, opening up space for future growth [7].

1. Positive Market Sentiment
   : The daily limit event led to a significant increase in discussions on platforms like Xueqiu, raising investor attention [3][4].
2. Main Capital Intervention
   : Large buy orders during trading pushed the daily limit, showing obvious signs of short-term main capital intervention, but attention needs to be paid to the sustainability of subsequent capital.

• Profit Uncertainty: The company has not yet turned losses around; the 2024 forecast loss is 325-395 million yuan, and the 2025 Q3 report is still in a loss state [3][8].
• Short-term Correction Pressure: With a 20% increase on the day and a high turnover rate, there is a risk of profit-taking in the short term.
• Impact of Technological Breakthrough to Be Verified: Specific details and commercialization progress of the technological breakthrough have not yet been disclosed [5].

• If it can stand firm at the daily limit price of 90.06 yuan, it may further open up upward space.
• Expansion of large model business is expected to become a long-term growth driver [7].

The current strong performance of Transwarp Technology-U (688031) is driven by multiple catalysts; technically, short-term bulls dominate, and fundamentally, there are signs of improvement but profit status still needs attention. Investors should pay attention to subsequent details of technological breakthroughs, performance progress, and capital flows, while noting short-term correction risks.

Price Key Points:

• Resistance Level: 90.06 yuan (daily limit price)
• Support Level: 75.05 yuan (previous trading day’s closing price)

Reference Sources:
[0] Jinling Analysis Database
[3] Xueqiu - Transwarp Technology-U (688031) Stock Price [URL: https://xueqiu.com/S/SH688031]
[4] Futu News - [Intraday Broadcast] Transwarp Technology-U Hits Daily Limit Intraday [URL: https://news.futunn.com/post/66177935]
[5] Sina Stocks - Analysis of Transwarp Technology’s Daily Limit on December 15, 2025 [URL: https://vip.stock.finance.sina.com.cn/corp/go.php/vCB_AllNewsStock/symbol/sh688031.phtml]
[6] Sina Finance - Transwarp Technology’s Q3 Loss Reduced to 70.28 Million Yuan, Revenue Increased by 4.6% [URL: https://finance.sina.com.cn/stock/zqgd/2025-10-30/doc-infvskcp9507985.shtml]
[7] Xueqiu - High Elasticity Core Target Under the Rise of AI Infrastructure: Transwarp Technology’s Q3 Revenue 73 Million Yuan [URL: https://xueqiu.com/1349320879/366015348]
[8] Sina Finance - Transwarp Technology 2025 Third Extraordinary Shareholders’ Meeting Resolution Announcement [URL: https://vip.stock.finance.sina.com.cn/corp/view/vCB_AllMemordDetail.php?stockid=688031]