Zhejiang Haikong Nankehua stock plunges over 20% in two days

Zhejiang Haikong Nankehua Digital Technology Co. announced its stock experienced abnormal fluctuations on October 9 and October 10, 2025. The cumulative deviation from the closing price decline exceeded 20% over these two consecutive trading days, triggering an alert under Shanghai Stock Exchange trading rules.

The company's board of directors confirmed that, as of the announcement date, there were no undisclosed major events that would significantly impact stock trading. However, a key risk identified is the uncertainty surrounding future order acquisition and the sustainability of its computing power business, attributed to changing demand from downstream customers.

Zhejiang Haikong Nankehua urges investors to exercise caution and invest prudently given the secondary market trading risks and the uncertainties in its computing power business. The company's daily production and operation remain normal.