Shanghai Fudan's stock plummeted 6.03% during intraday trading, continuing a downward trend that has seen significant declines in recent sessions.

The sharp drop coincides with substantial shareholder-level changes, including the reduction of combined stakes by shareholders Shanghai Zhengben and Shanghai Nianjin below 5% through share reductions, passive dilution, and judicial disposal. Additionally, the company is undergoing its first major shareholder transition, with Guosheng Investment set to acquire a 12.96% stake from Fuxin Fangao via agreement transfer.

Market data also shows persistent institutional selling, with net main capital outflows of 87.73 million yuan recently, contributing to the sustained selling pressure on the stock.