Beijing Capital Development addresses stock surge, minor Unitree investment

Beijing Capital Development Co., Ltd. (BIDC) experienced severe abnormal stock trading fluctuations, with its stock price cumulatively rising by 20% over three consecutive trading days (September 10-12, 2025) and 100% over eight trading days (September 3-12, 2025). The company noted its share price increased by 108.71% since September 3, 2025, significantly deviating from industry and SSE indices.

In response to market rumors, BIDC clarified its indirect investment in Hangzhou Unitree Technology Co., Ltd. through its subsidiary, Beijing Shoukai Yingxin Investment Management Co., Ltd. (Yingxin). Yingxin, a controlled subsidiary of BIDC with a 62.74% stake, invested 300m yuan (paid in 180m yuan) in Jinshi Chengzhang Equity Investment (Hangzhou) Partnership (Limited Partnership) ("Fund"). As of August 25, 2025, Yingxin's subscribed share in the Fund was approximately 6.51%.

The Fund holds a 4.7683% stake in Unitree Technology, meaning Yingxin's indirect ownership in Unitree Technology is approximately 0.3%, which is a very small stake. BIDC emphasized this is a financial investment, with Yingxin having no control or influence over the Fund's investment decisions. BIDC confirmed no material changes in its primary business, which remains in a loss-making state, reporting a net loss of -1.8bn yuan for the first half of 2025. The company cautions investors about the risks associated with rapid short-term stock price increases.