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On July 1, the stock price of Galaxycore experienced a remarkable surge, skyrocketing by 20.01% and closing at 25.25 yuan. Over the past three days, it has accumulated an impressive increase of 53.13%. This notable volatility in the stock price can be attributed to two main factors. Firstly, on June 29, one of its subsidiaries received a substantial government subsidy of 8 million yuan. Secondly, there has been a significant inflow of leveraged funds into the market. However, the company has issued a word of caution. It points out that its current price-to-earnings ratio is higher than the industry average. Moreover, it anticipates a decline in its performance in 2025. As a result, the company urges investors to be fully aware of the potential risks involved.
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