Shanghai DZH stock experiences unusual trading volatility

Shares of Shanghai DZH (SSE:601519) have experienced abnormal trading volatility, triggering a regulatory announcement. The company's stock price surged over 20% cumulatively within three trading days (July 4, 7, and 8, 2025), prompting the exchange to flag the movement. DZH confirmed it's still planning for Xiangcai Securities to absorb the company via a share swap. The company also mentioned that the negotiation of related agreement terms are still in progress, industry regulatory policies, restructuring-related costs and other factors may affect the transaction, and the progress of the transaction is uncertain. DZH's 2024 revenue was CNY77,085.34 million, down 0.84% year-on-year, with a net loss attributable to shareholders of CNY-20,127.10 million, a 296.51% decline. First-quarter 2025 revenue reached CNY16,517.26 million, up 3.46%, with a net profit of CNY237.82 million.