Jintuo Shares said its production and operations were normal after its stock met the criteria for abnormal trading volatility following sharp gains over three consecutive sessions.
According to Jin10, the company said its shares recorded a cumulative deviation of more than 20% in closing-price gains across three trading days: July 2, 2026, July 3, 2026, and July 6, 2026.
The company said its latest trailing price-to-earnings ratio was 156.20 and its price-to-book ratio was 7.80, which it said differed significantly from the automobile manufacturing industry’s trailing price-to-earnings ratio of 26.00 and price-to-book ratio of 2.10. It added that the stock’s trading price had shown relatively large fluctuations.
Jintuo Shares said its 2026 plan to issue A-shares to specific investors still required review by the Shanghai Stock Exchange and registration by the China Securities Regulatory Commission, and it said the matter involved significant uncertainty. The company urged investors to be mindful of investment risks.
STOCKS | Jintuo Shares Says Operations Normal After Three-Day Surge Triggers Trading Volatility Notice
2026-07-06 08:36:24
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