Director Lu Qing buys 68,500 shares across five transactions as stock plummets from highs, signaling conviction despite fundamental headwinds.
Director Lu Qing executed a sustained accumulation strategy over five days in late April, purchasing approximately 69,000 shares at progressively lower prices as the stock continued its sharp decline. This buying spree is noteworthy because it directly contradicts the stock's price action — rather than waiting for stabilization, the director doubled down as the stock traded at levels far removed from its recent highs. The timing and scale suggest conviction that current valuations do not reflect the company's intrinsic value. However, this must be weighed against the company's deteriorating fundamentals, which show significant revenue contraction and substantial operating losses, making this a bet on either a near-term turnaround or a much deeper belief in the company's strategic direction that the market has yet to price in. The critical question for investors is whether a director's accumulation at depressed levels can overcome the gravity of declining operational performance.