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@Miracle Trader cola cola is quite busy, so I'll briefly explain why I think today's rise is conservative. Later, cola can also supplement some points I didn't mention.

Actually, as profits turned positive, we saw the P/E ratio is over 40, which made us a bit nervous. How can such a high P/E ratio support the stock price? So we started hesitating to buy.

But if you study the financial report carefully, you'll find that since Q4 last year, the operating income hasn't grown, and even Q1 and Q2 saw a significant decline. Q3 had 14M less operating income compared to Q4 last year. Just looking at this, it doesn't seem to justify a P/E of 40. So, a turning point should appear. Then, looking at the net profit, compared to Q4 last year, with similar operating income, last year's Q4 made 50M, while this year made nearly 200M. What does this mean? The market's recognition of the platform's value instantly returned, meaning the platform's reuse cost keeps decreasing. As long as operating income grows, profits will keep rising. This is huge market value and the best proof of the platform's development value.

Based on the current ratio and contract expansion, with the same stock price, using a calculator, the P/E ratio could drop to single digits next quarter. So, this is my personal reasoning for continuing to hold.

My personal skills are not great. Look at my return ranking—it's a probability game for the future, not necessarily correct. Look at my return ranking and trust yourself.