Beijing Capital Development warns investors after stock price surge

Beijing Capital Development Co., Ltd. (BCCD) has issued a risk warning after its stock experienced severe abnormal fluctuations, with cumulative price deviation reaching 100% between September 3 and September 12, 2025. This follows a previous announcement on September 13, 2025, and the stock continued to hit its daily limit on September 15, 2025. The company noted increased trading volume, significantly higher turnover rates, and a rise in shareholder numbers, alongside some institutional investors reducing their holdings.

BCCD highlights a potential for a short-term downward correction given the rapid price increase. The company's production and operations remain normal, with no material changes to its main business, which is currently operating at a loss. For the first half of 2025, BCCD reported a revenue of CNY 18,039,049,312.69 and a net loss attributable to shareholders of CNY -1,838,546,799.42.

The company clarified media reports regarding its indirect holding in Hangzhou Yushu Technology Co., Ltd. through its subsidiary, Yingxin Company. Yingxin Company's indirect stake in Yushu Technology is approximately 0.3%, which is considered very low. BCCD states this investment is purely financial, with no control or influence over the fund's operations. The board confirms no undisclosed material information affecting stock prices.