Beijing Capital Development warns of stock trading risks amid severe fluctuations

Beijing Capital Development (Shoukai) has repeatedly triggered abnormal and severe abnormal stock fluctuations since September 3, 2025. The company's stock saw a cumulative increase in deviation from the closing price of 100% over 10 trading days between September 3 and September 12, 2025. By September 18, 2025, the cumulative deviation reached 205.68%, signaling severe abnormal fluctuations as per exchange rules. Trading volume has markedly increased, with a high turnover rate and a significant rise in shareholder numbers, alongside some institutional shareholders liquidating positions.

The company's current production and operations remain normal, with no major changes to its main business, though it continues to operate at a loss. For the first half of 2025, Beijing Capital Development reported total operating revenue of 18.04 bn yuan and a net loss attributable to shareholders of 1.84 bn yuan. The company also confirmed no undisclosed major events impacting stock prices.

Regarding media reports, Beijing Capital Development clarified that its subsidiary, Yingxin Company, indirectly holds approximately 0.3% equity in Hangzhou Yushu Technology, a financial investment with no controlling influence. Investors are urged to exercise caution and make rational, prudent investment decisions due to the stock's significant volatility, which has deviated substantially from underlying fundamentals.