Taikong Intelligent warns of stock volatility, cites losses

Taikong Intelligent Construction (SZSE:300344) has issued an announcement addressing recent abnormal fluctuations in its stock price, with cumulative gains exceeding 43% between February 12 and February 13, 2025. The company stated that after internal verification, it is unaware of any undisclosed material information that could be impacting the stock. Taikong Intelligent also confirmed its main business operations remain unchanged, however, it also clarified it has no revenue related to recent AI trends, and has not ruled out pursuing such capabilities in the future. Investors are reminded that the company's 2024 performance is expected to show a net loss between 76 million and 96 million RMB. Additionally, its recent investment to increase its stake in Anhui Cloud Palm Enterprise Management, which manages RMB 10.5 million in assets, remains uncertain. The company also disclosed it received a regulatory inquiry letter from the Anhui Securities Regulatory Bureau regarding compliance issues and will be submitting a rectification report. Taikong Intelligent urges investors to exercise caution and be aware of market risks.