Stock with Nine Consecutive Limit-Ups Issues Risk Warning: No Plans for Computing Power Asset Injection by Controlling Shareholder

Deep News
05/17

A stock that has recorded nine consecutive daily limit-up gains has issued a risk warning, clarifying that the company, its controlling shareholder, and actual controller have no plans to inject computing power assets.

*ST准油 (002207) stated that there are no plans by the company, its controlling shareholder, or actual controller to inject computing power assets. On May 17, the company, which had achieved nine consecutive limit-ups in the secondary market, released an announcement regarding abnormal stock trading fluctuations and associated risks. The announcement mentioned that the company recently noted posts on the Dongfang Fortune stock forum where investors speculated about a "potential injection of computing power assets." The company clarified that neither the company, its controlling shareholder, nor the actual controller has any such plans. As of now, the company has no significant matters that should be disclosed but have not been, nor any major matters in the planning stage.

The announcement indicated that *ST准油's closing price deviation accumulated to 12% over two consecutive trading days (May 14 and May 15). According to regulations, this constitutes an abnormal stock trading fluctuation.

Trading data shows that over the nine trading days from April 30 to May 15, *ST准油 successively hit the daily limit-up, with the stock price accumulating a gain of 55.2% during this period. As of the close on May 15, *ST准油 was at its limit-up price of 10.15 yuan per share, with a total market capitalization of 2.66 billion yuan.

*ST准油 stated that due to its total profit, net profit, and net profit after deducting non-recurring gains and losses all being negative for the 2025 fiscal year, and its post-deduction operating revenue being below 300 million yuan, the Shenzhen Stock Exchange, in accordance with regulations, implemented a special treatment of "delisting risk warning" on the company's stock trading starting April 29. If the company meets any of the conditions specified in Article 9.3.12 of the "Shenzhen Stock Exchange Listing Rules" for the 2026 fiscal year, its stock may be terminated from listing. Additionally, the company has reported negative net profit (taking the lower of pre- and post-non-recurring deduction) for six consecutive years. As of the announcement date, the company's fundamental business conditions have not shown significant improvement.

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