Yonyou Network stock fluctuates abnormally, faces investor caution

Yonyou Network Technology (SSE:600588) has announced that its stock experienced abnormal trading fluctuations, with closing prices rising over 20% cumulatively between March 5th and March 7th, triggering scrutiny under Shanghai Stock Exchange rules. The company confirmed no undisclosed material information following inquiries with its controlling shareholder and actual controller. Yonyou's 2024 annual performance forecast, revealed on January 24, anticipates a net loss attributable to the parent company ranging from 172 million to 192 million yuan, with revenue projected between 910 million and 920 million yuan, reflecting a year-over-year decrease of 6.1%-7.1%. Investors are urged to exercise caution amid the recent volatility, with the company emphasizing that its disclosures are available on the Shanghai Stock Exchange website and in designated media outlets.