CITIC Heavy Industries stock alerted for trading volatility

CITIC Heavy Industries (SSE:601608) has announced that its stock has experienced abnormal trading volatility, with closing price gains exceeding 20% over three consecutive trading days from March 20-24, according to Shanghai Stock Exchange regulations. The company has confirmed, following internal reviews and inquiries with major shareholders, that there are no undisclosed significant matters pending as of the announcement date. CITIC Heavy Industries reported 2024 revenue of RMB 8.034 billion, down 15.93% year-over-year, and net profit attributable to shareholders of RMB 375 million, a decrease of 2.36%. Shareholders are advised to pay attention to trading risks.