FilingReader Intelligence
Jingyuntong warns investors after 33% stock surge despite losses
July 15, 2025 at 05:10 AM UTC•By FilingReader AI
Beijing Jingyuntong Technology issued a risk warning after its stock surged 33% over three consecutive trading days ending July 14.
The company reported a 56% revenue decline to RMB 4.59bn in 2024 with a net loss of RMB 2.36bn. First quarter 2025 revenue fell 54% year-on-year to RMB 683m with a RMB 91m net loss.
The company projects first-half 2025 net losses of RMB 165m to RMB 225m and faces litigation totaling approximately RMB 1bn.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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