Baiyin Nonferrous Group shares swing after director exit, corporate changes

Baiyin Nonferrous Group reported abnormal stock trading, with its closing price deviation exceeding 20% over two consecutive trading days (October 16-17, 2025). The company's static price-to-earnings ratio of 598.49 times is significantly higher than its industry average. This volatility coincides with independent director Wang Yumei resigning due to a reduction in independent director positions on the board, effective October 17, 2025.

Additionally, the company held its second extraordinary general meeting on October 17, 2025, where shareholders approved significant changes. These include the abolishment of the company's supervisory board, adjustments to its business scope, and revisions to its articles of association. A new director, Fan Xiaowei, was also elected during this meeting.

The company previously received an administrative penalty and regulatory measures from the Gansu Securities Regulatory Bureau on September 30, 2025. Baiyin Nonferrous Group's major shareholder, CITIC Guoan Industrial Group Co., Ltd., has pledged 2,217,610,300 shares, representing approximately 98.56% of its total holdings and 29.95% of the company's total share capital.