Beijing Capital Development shares fluctuate abnormally amid loss-making operations

Beijing Capital Development Corporation (SSE:600376) experienced abnormal stock trading, with its share price deviating by over 20% between November 17-18, 2025. The company confirmed that its production and operational activities are normal, with no significant changes to its main business, which remains in a loss-making state.

As of October 30, 2025, the company's operating income for January-September 2025 was CNY 23,186,037,529.28, with a net profit attributable to shareholders of CNY -3,104,694,566.20. The company states there are no undisclosed major events or important information that would affect stock trading.

The company addressed media reports concerning its indirect holding in Hangzhou YuShu Technology Co., Ltd. through its subsidiary, Yingxin Company. Yingxin Company, a controlled subsidiary with a 62.74% stake by Beijing Capital Development, committed CNY 300 million and paid CNY 180 million to a fund. This fund holds 4.7683% equity in YuShu Technology, leading to Yingxin Company's indirect equity holding in YuShu Technology being approximately 0.3%. The company clarified that this investment is purely financial, with no control or influence over the fund's operations.

Beijing Capital Development Corporation reminds investors to exercise caution and make rational investment decisions, emphasizing that all official information is disclosed through designated media outlets and the Shanghai Stock Exchange website. Neither the board of directors, senior management, controlling shareholders, nor other significant shareholders have engaged in buying or selling company shares.