Jinlongyu Group Co Ltd Class A

On October 8, the battery sector surged against the market trend, and that evening several companies issued announcements on abnormal stock trading fluctuations and risk warnings. Jinlongyu announced that its stock's closing price deviation over three consecutive trading days on September 29, September 30, and October 8 cumulatively exceeded 20%. Its solid-state battery business is still in the capacity construction and downstream customer development stage. Although it has received small-batch orders, it has not yet formed long-term stable revenue and does not yet have a material impact on overall performance. The project faces risks that industrialization and commercialization may fall short of expectations. Shidai Wanheng announced that from September 28 to October 8, its stock hit the daily limit-up for four consecutive trading days, and there may be irrational speculation, with the risk of a rapid pullback after a sharp rise in the stock price. The company's main business is the research, development, production, and sales of new energy batteries, covering lithium-ion batteries and nickel-metal hydride batteries. Current production and operations are normal, and there have been no major changes in its main products, production lines, or operating fundamentals. Its net profit attributable to shareholders of the listed company was negative 132 million yuan in 2025 and negative 12.4599 million yuan in the first half of 2026. Veken Technology announced that the market has recently paid more attention to sodium-ion battery-related concepts. The industry as a whole is still in the early stage of industrialization, and there remains uncertainty in technology routes and market promotion progress. The company's sodium-ion battery-related business accounts for a relatively small proportion, and achieving large-scale commercialization still requires a certain period, with an extremely limited contribution to current overall performance.

Jinlongyu announced that its stock price rose by more than 20 percent cumulatively over three consecutive trading days on September 29, September 30, and October 8, 2026, constituting abnormal stock trading volatility. The company said its solid-state battery business is still in the capacity-building and downstream customer development stage. Although it has received small-batch orders, it has not yet generated long-term stable revenue and does not currently have a material impact on overall performance. The company also cautioned that, affected by factors such as the macroeconomic environment, industry policies, market changes, and construction progress, the project faces risks that industrialization and commercialization may fall short of expectations.