Guosheng Financial warns investors amid abnormal stock volatility

Guosheng Financial Holding has issued an abnormal stock fluctuation announcement after its stock recorded a cumulative deviation of 20% over three consecutive trading days: September 26, 29, and 30, 2025. The company highlights that its current price-to-earnings ratio of 128.93 and price-to-book ratio of 3.79 are significantly higher than the industry averages of 21.27 and 1.48, respectively, urging investors to exercise caution.

The company confirmed no undisclosed material information, no recent media reports significantly impacting stock prices, and no changes in operational or external business conditions. Its controlling shareholder and actual controller did not trade company shares during the abnormal fluctuation period.

Furthermore, Guosheng Financial Holding announced that a change in accounting method for its associate company, Qudian, will reduce consolidated net profit by CNY 148,127,050.80. This change, effective September 26, 2025, reclassifies the long-term equity investment in Qudian to fair value through profit or loss.