Jingyuntong Technology stock shows abnormal trading fluctuations

Beijing Jingyuntong Technology announced that its stock experienced abnormal trading fluctuations, with the stock's closing price increasing by a cumulative 20% over three consecutive trading days from May 13 to May 15, 2025. The company confirmed that there are no undisclosed significant matters that require disclosure, and the controlling shareholders and actual controllers have no plans for major assets restructuring, share issuance, or other significant events. The company stated that market conditions and industry policies have remained stable, and internal operations are normal. Investors are cautioned to be aware of market and operational risks. For 2024, Jingyuntong reported revenue of CNY 4.591 billion, a 56.28% decrease year-over-year, with a net loss attributable to shareholders of CNY -2.361 billion. The first quarter of 2025 saw revenue of CNY 683 million, a 53.5% decrease, and a net loss of CNY -91 million.