Hanbell stock swings 20% as company cites no reason

Shanghai Hanbell Precise Machinery reported abnormal stock fluctuations, with shares deviating over 20% across three consecutive trading days in August. The company said it found no undisclosed matters or recent media reports that could impact its share price.

The precision machinery maker's first-half 2025 revenue fell 18.86% to CNY 148.88 million, while net profit dropped 42.90% to CNY 25.74 million.