Beijing Jingyuntong warns of stock trading risks amid surge

Beijing Jingyuntong Technology (SSE:601908) issued a risk warning announcement after its stock price experienced abnormal fluctuations, triggering exchange rules. The stock price surged significantly, with cumulative deviations reaching 20% over three consecutive trading days (May 13-15, 2025) and continuing to climb, reaching a four-day increase of 39.51% by May 16, 2025. The company also disclosed its 2024 annual results, reporting a 56.28% YoY decrease in operating revenue to CNY 4.591 billion and a net loss attributable to shareholders of CNY -2.361 billion, with basic earnings per share at CNY -0.98. First-quarter 2025 results show a 53.50% YoY drop in operating revenue to CNY 6.83 billion and a net loss attributable to shareholders of CNY -0.91 billion, with basic earnings per share at CNY -0.04. The company urged investors to be aware of secondary market trading risks and make rational investment decisions.