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How did Lv Chang's stock fall from 20 yuan to 2 yuan?
The reason why Changan Aluminum Industry fell from 20 yuan to 2 yuan was because the aluminum industry was aging and the whole industry suffered huge losses. Changan aluminum can't be immune to it, and the restructuring premium is high and the cost is too high.
Jiangsu Lv Chang Aluminum Industry Group Co., Ltd., founded in 1987, is an advanced manufacturing enterprise integrating new materials and precision machinery manufacturing, and is a comprehensive solution provider for various heat transfer systems and an overall solution provider for clean technology. The company is headquartered in Changshu City, Jiangsu Province. On August 2, 2007, KLOC-0, the company was officially listed on Shenzhen Stock Exchange, referred to as Lv Chang for short.
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