<p>➀ In just 11 months, Hanwuji's stock price surged over 250%, with a market value increase of 140 billion yuan.</p><p>➁ Despite significant revenue growth in Q3 2024, Hanwuji still reported a net loss of 7.24 billion yuan for the first three quarters.</p><p>➂ Hanwuji's major revenue comes from a single large customer, which has changed frequently over the years.</p><p>➃ ETFs have played a significant role in driving Hanwuji's stock price and market value to new heights.</p>