Jiecang Linear Motion stock trading marked as abnormal

Zhejiang Jiecang Linear Motion Technology (SSE: 603583) has announced that its stock trading triggered an "abnormal fluctuation" alert from the Shanghai Stock Exchange, as its closing price deviation exceeded 20% over three consecutive trading days from February 17-19, 2025. The company confirmed, after self-assessment and inquiries with controlling shareholders, that there are no undisclosed significant matters influencing the stock. Jiecang Linear Motion clarified that its core linear drive technology project is still in the research and development stages, and has not yet been mass-produced or generated any income. The company cautioned investors about potential market trading risks, advising rational and prudent investment decisions.