Vantone Development warns on stock surge despite losses

Beijing Vantone New Development Group issued a risk warning after its stock price jumped 20% over two consecutive days. The company's price-to-book ratio of 3.55 significantly exceeds the industry average of 0.85.

Vantone reported net losses for 2022, 2023, and 2024, with projected losses of 22-33 million yuan for the first half of 2025. The company is acquiring a 62.98% stake in Beijing Shudu Information Technology, which remains unprofitable.