Why did the stock of Shi Shuo Biological Company fall?

Shi Shuo Biotech's performance in COVID-19 soared. At the lowest price-earnings ratio, it was only 2 times, and the stock price soared to 469 yuan. Now its share price has plummeted to 125 yuan. Another example is the development of Blu-ray, which suffered a huge loss of 6.7 billion in the third quarter, of which inventory depreciation was as high as 5 billion. Blu-ray is deliberately not doing well, but tomorrow's performance will skyrocket thousands of times. This is a financial bath.

1. Jiangsu Shi Shuo Biotechnology Co., Ltd. was incorporated in Taizhou Pharmaceutical High-tech Industrial Development Zone Market Supervision Administration on April 10, 2006. The legal representative is Zhang Xu, whose business scope covers technical consultation, technology development and technology transfer in the field of biotechnology.

On June 27th, 2020, Mei Nianda Health Industry (Group) Co., Ltd. and Jiangsu Shi Shuo Biotechnology Co., Ltd. donated 46,000 novel coronavirus (20 19) nucleic acid detection reagents and instruments to Wuhan Red Cross Society and Hubei Charity Federation to help Wuhan carry out epidemic detection and prevention.

MasterCard Biotechnology Co., Ltd. is a high-tech biotechnology company founded by many industry elites at home and abroad with the ideal of "building a world-class diagnostic reagent company belonging to China people". Master Bio has modern biotechnology platforms such as multiplex fluorescence quantitative PCR, biochip, chemiluminescence and gold labeling, and is engaged in product research, development, production and sales in the fields of highly infectious diseases, hereditary diseases, food safety and tumors. At the same time, the company also relies on a strong technical platform to provide corresponding technical services for universities and research institutes. Shi Shuo Biology consists of Shanghai Shi Shuo Biotechnology Co., Ltd. and Jiangsu Shi Shuo Biotechnology Co., Ltd. Shanghai Shi Shuo is located in Pujiang Hi-tech Park, caohejing Development Zone, Shanghai, 1500_ R&D, the administrative office and production area. Jiangsu Shi Shuo is located in China Medical City, Taizhou, Jiangsu Province, the only national medical high-tech park in China, with a registered capital of more than 30 million yuan and nearly 3,000 R&D, office and production sites. The company has two GMP workshops, nucleic acid workshop and protein GMP workshop.