Meihua International shares surge 11.55% intraday after announcing 1-for-100 reverse share split.

Meihua International Medical Technologies (MHUA) surged 11.55% intraday following the announcement of a 1-For-100 reverse share split. The move, disclosed in a GlobeNewswire report, aims to consolidate the company’s capital structure, potentially enhancing liquidity and investor perception. While historical earnings reports (e.g., FY 2024 EPS decline to $0.40) and reinvestment concerns from Simply Wall St. highlight long-term challenges, the reverse split is the immediate catalyst for the intraday rally. The stock’s sharp rebound suggests investor optimism about the restructuring, despite broader underperformance against the S&P 500 over 1- and 3-year horizons.