Through further analysis of the causes of long-term weakness, found to be determined by multiple factors, of which the greatest impact on long-term weakness is a listed high initial excess returns.

通过进一步分析长期弱势的成因，发现是由多个因素共同决定的，而其中对长期弱势影响最大的是上市初期极高的超额收益。

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Through further analysis of the causes of long-term weakness, found to be determined by multiple factors, of which the greatest impact on long-term weakness is a listed high initial excess returns.

通过进一步分析长期弱势的成因，发现是由多个因素共同决定的，而其中对长期弱势影响最大的是上市初期极高的超额收益。

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