Meizhigao (920765) Strong Performance Analysis: Overseas Expansion Catalyzes Limit-Up

Meizhigao (920765) is a light industry manufacturing (storage supplies) enterprise listed on the Beijing Stock Exchange, specializing in R&D, design, production, and sales of metal storage racks [2]. On the evening of December 15, 2025, the company announced its plan to establish a wholly-owned U.S. subsidiary (registered capital of 100,000 USD) through its wholly-owned Hong Kong subsidiary to expand overseas sales, warehousing, and other businesses [1][3]. The next day (December 16), the stock hit a strong limit-up (the Beijing Stock Exchange has a 20% price limit), with a trading volume of 250 million yuan, a turnover rate of 14.53%, and an amplitude of 28.67% [4]. Dragon and Tiger List data shows that the top five buying and selling securities business departments had a total turnover of 76.4578 million yuan, with buy orders amounting to 46.3262 million yuan, indicating obvious capital inflow characteristics [0].

1. Event-driven sentiment resonance
   : The overseas expansion plan directly triggered the next day’s limit-up, showing the market’s positive expectations for the company’s internationalization strategy, while the high elasticity of Beijing Stock Exchange stocks amplified the short-term gain.
2. Linkage between capital and sentiment
   : High turnover rate and large trading volume reflect high investor participation enthusiasm; net capital inflow from the Dragon and Tiger List indicates the driving role of institutions or active funds.
3. Combination of fundamentals and theme
   : The company’s main business focuses on storage supplies, and overseas market expansion is expected to open up new growth space, aligning with the market theme of consumption upgrading and international development.

: If the overseas market layout progresses smoothly, it will bring business increments to the company and enhance long-term competitiveness; short-term market sentiment is expected to support the stock price to maintain relative strength.
: The investment project requires approval and filing from relevant departments in China and the U.S., with uncertainties [1][3]; rapid short-term stock price rise may lead to valuation deviating from fundamentals; the U.S. market is highly competitive, and the company needs to cope with multiple challenges such as culture, law, and operations.

Meizhigao (920765)'s strong performance this time was catalyzed by the overseas expansion plan. Technically, it shows characteristics of active capital inflow and high price elasticity; fundamentally, it is supported by its main business of storage supplies and internationalization strategy. Investors should pay attention to event progress, valuation levels, and the actual effect of overseas market expansion, and rationally evaluate investment risks and returns.