Baiyin Nonferrous issues risk warning after 40% stock surge

Baiyin Nonferrous Group has issued a risk warning after its stock price saw a cumulative increase of 40.10% over four consecutive trading days, from September 30 to October 13, 2025. This surge significantly outpaced its industry peers, despite the company's fundamentals remaining unchanged, suggesting potential market overexcitement and increased risk of a price correction.

The company's latest financial data for the first half of 2025 reveals a 15.28% decrease in operating revenue to 44.559 bn yuan, and a 38.67% decline in total profit to 433m yuan. Furthermore, the net profit attributable to shareholders was a negative 217m yuan. As of October 13, 2025, Baiyin Nonferrous's static price-to-earnings ratio stood at 512.34 times, considerably higher than the industry average of 89.83 times (excluding companies with negative ratios).

Shareholder risk is also highlighted, with CITIC Guoan Industrial Co., Ltd. having pledged approximately 98.56% of its Baiyin Nonferrous holdings, representing 29.95% of the company's total share capital. The company asserts that its current production and operations are normal, and no undisclosed material information exists.