Beijing Capital Development issues risk warning amid stock volatility

Beijing Capital Development has issued a risk warning after its stock experienced substantial volatility, including a limit down on September 19 and a limit up on September 22, 2025. The company's stock has frequently touched "abnormal fluctuation" and "severe abnormal fluctuation" thresholds since September 3, 2025. From September 3 to September 18, 2025, the cumulative deviation of its closing price reached 205.68%.

Trading volume has notably increased, with a significant rise in turnover rate and shareholder numbers. Conversely, some institutional shareholders have divested their holdings. The company cautioned that the stock price's rapid short-term increase has significantly deviated from its fundamentals, potentially leading to a decline. The company also confirmed that its primary business operations are normal, though it remains in a loss-making state, reporting a net loss of 1,838,546,799.42 yuan for the first half of 2025.

Regarding media reports, Beijing Capital Development clarified that its indirectly held stake in Hangzhou Unitree Robotics Co., Ltd., via subsidiary Yingxin Company, is approximately 0.3%, categorizing it as a minor financial investment with no control or influence over Unitree Robotics. The company states there are no undisclosed material events that could impact its stock price. Investors are urged to make rational and prudent investment decisions.