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UOS parent firm warns of risks after stocks surge more than 700%

By Phate Zhang
Feb 20, 2020 at 4:57 PM UTC
0

After rising by the daily limit of 10% yesterday, the stock price of Shenzhen-listed ArcherMind Technology, the parent firm of the Unity Operating System (UOS), has soared 720% since October last year. On the evening of February 19, it had to issue an announcement announcing eight major operational risks to remind investors.

UOS parent firm warns of risks after stocks surge more than 700%-CnTechPost

In the announcement last night, ArcherMind Technology listed eight major risks of the company, including decline in performance, shareholder reductions, internal and external environmental changes, customer concentration, insufficient core talent, accounts receivable and tax incentives.

ArcherMind shares rose by 5.65% again on Thursday.

Why is ArcherMind Technology so sought after? It's not at all because of how good the company's performance and strength are, mainly because of the UOS unified operating system.

From the end of last year to the present, the UOS system has attracted attention. This system based on the deep Deepin Linux system improvement is called China-made OS.

UOS was promoted by Union Tech. This Union Tech was also the result of ArcherMind Technology integrating its subsidiary with Wuhan Deepin Technology (Deepin developer).

UOS only released the official version not long ago. This OS system is for the commercial market, and it is ultimately charged, but so far they are still in the development stage, doing various adaptations, and have not received any government or other enterprise orders.

Even so, under the benefit of the UOS system, ArcherMind Technology's stock price has risen from the end of last year to the present, and no one remembers how many times it has risen. The current stock price is 296 yuan and the market value is 23 billion, which is almost 20 last year Times.

While the stock price rose sharply, Nanjing Debo Investment Management Co., Ltd., ArcherMind Technology's major shareholder, recently announced the sale of 2.4 million shares, cashing out about 540 million yuan.

However, the cash-out of major shareholders has not affected the enthusiasm of investors. It has been almost a month since the end of January, and the stock price has risen from 225 yuan to 296 yuan.

But judging by the continued daily limit of ArcherMind Technology today, these risks are useless for crazy investors.

The China-made UOS system has just completed the development phase. Testing, listing, charging and profitability are still far away. It is even more remote to replace Windows 10.

Special Report: UOS Aims to Replace Windows

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