Beijing Capital Development warns investors of stock fluctuation risks

Beijing Capital Development Company Limited (600376) has reported severe abnormal stock trading, with its stock price's cumulative deviation reaching 100% between September 3 and September 12, 2025. This was followed by an additional 20% cumulative deviation over two consecutive trading days on September 17 and 18. The company acknowledges increased trading volume, higher turnover rates, and a significant rise in shareholder numbers, alongside some institutional shareholding reductions.

Despite the heightened trading activity, the company's core operations remain normal, and it continues to operate at a loss. For the first half of 2025, the company reported operating revenue of 18,039,049,312.69 yuan and a net loss attributable to shareholders of -1,838,546,799.42 yuan. The company confirmed no undisclosed major events or corrections to prior disclosures that would significantly impact its stock price.

Furthermore, the company addressed media reports concerning its subsidiary, Yingxin Company, and its indirect holding in Unitree Robotics. Yingxin Company's investment in the relevant fund is classified as a financial investment, with a low indirect equity stake of approximately 0.3% in Unitree Robotics, thus having no controlling influence or decision-making power. The board reiterated that there are no unannounced matters that could significantly affect the stock or its derivative products.