[SMIC's net profit in the third quarter fell by 78.4% year-on-year, how much will its stock price fall?] 】
SMIC announced on the evening of November 9 that its operating income in the third quarter was 11.78 billion yuan, a year-on-year decrease of 10.6%; the net profit was 678 million yuan, a year-on-year decrease of 78.4%; The net profit in the first three quarters was 3.675 billion yuan, a year-on-year decrease of 60.9%.
Think about it, if SMIC's results were released on the NASDAQ, how much would his stock fall?
I would like to see at least a drop of 50-80%, but what about China, such stocks may fall very little, if not at all!
Therefore, China's stock market cannot reflect the performance of enterprises at all, nor can it reflect the country's economic situation, but can only reflect the country's policies!
That is, Chinese buy stocks, just look at national policies, so it seems that on the surface they are playing stocks, but in fact they are playing policies.
However, the policy does not guarantee the long-term prosperity of the stock market, so no amount of policies can get rid of the fate of 3,000 points!
The development of the stock market ultimately depends on economic indicators and corporate performance, otherwise, China's stock market will be a bomb of mud...
