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.
Jinlongyu Group Co Ltd Class AStock rose >20% over three days but solid-state battery business is still in capacity-building stage with only small-batch orders and no long-term stable revenue, so no clear fundamental driver.
