On May 29, Jingwei Tiandi (New) fell 8.22% in regular trading, trading at HK$0.67/share, with trading volume of HK$354 million.

The decline represents a continuation of violent post-crash oscillation following the stock's catastrophic 83.16% single-day plunge on May 21, when shares collapsed from approximately HK$5 to HK$0.83, with turnover exceeding HK$4.6 billion and a turnover rate above 105%. Since the crash, the stock has entered a pattern of sharp swings — rebounding 10.84% on May 22, gaining 8.33% on May 26, falling 8.57% on May 27, and rising 8.2% on May 28.

The crash exemplifies the recurring phenomenon where stocks collapse shortly after inclusion in Stock Connect. The company reported revenue of RMB 219 million for fiscal year 2025, down 21.46% year-over-year, with net profit of just RMB 15.3 million, down 23.85%. Despite weak fundamentals, the stock had surged over 700% earlier this year on AI and blockchain narratives, pushing its P/E ratio above 1,600x before the collapse erased approximately HK$167 billion in market value. The Shanghai Stock Exchange has since removed Jingwei Tiandi (Old) from Stock Connect eligibility.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)