Fujian Longma stock experiences unusual trading volatility

Fujian Longma Environmental Sanitation Equipment (SSE:603686) has announced that its stock experienced abnormal trading fluctuations after closing prices surged over 20% in the three trading days ending May 30, 2025. The company confirmed, following internal review and inquiry with its controlling shareholder and actual controller, that there are no undisclosed material events pending, including significant asset restructuring or equity changes. The company reminds investors to be aware of secondary market trading risks. The closing price on May 30 was CNY17.80 per share with a turnover rate of 42.19%. First quarter revenues were CNY11.64 billion, representing a 1.75% decrease. Net profit was CNY63.49 million. The company urges investors to exercise caution and rationality amidst the volatility.