Shidai Wanheng hit the daily limit-up again on October 9, closing at 11.76 yuan per share with a total market value of about 3.5 billion yuan, marking the fifth consecutive trading day of limit-up gains. The company issued a stock trading risk warning announcement in the evening, saying that short-term share price volatility is relatively large, and there may be irrational speculation, with the risk of a rapid pullback after a sharp rise. The announcement said the company's main business is the research, development, production and sales of new energy batteries, involving two parts: lithium-ion batteries and nickel-metal hydride batteries. The lithium battery products are small-power cylindrical ternary lithium batteries, mainly used in the small power tool sector, with the 1865 and 1450 models as the main products. The nickel-metal hydride battery products are mainly used in personal care, consumer goods, power tools and other fields. The company's products are not involved in solid-state batteries. Financial data shows that in 2025 the company achieved operating revenue of 383 million yuan, down 4.39 percent year on year, and a net loss attributable to the parent company of 132 million yuan, compared with a profit of 19.3829 million yuan in the same period last year, turning from profit to loss. In the first half of this year, the net loss attributable to the parent company was 12.4599 million yuan, also turning from profit to loss year on year. That evening, several other stocks also issued announcements on abnormal share price movements. Shanghai Xiba, which had three limit-ups in four trading days, said its solid-state battery related business has not yet formed long-term stable large-scale revenue. In the first half of 2026, revenue from its new energy advanced materials business was 13.3737 million yuan, accounting for 5.72 percent of total revenue. Hongdou Shares, which had two consecutive limit-ups, said its daily operating activities are normal, and it recorded a net loss of 94.394 million yuan in the first half of 2026.
Liaoning Shidai Wanheng Co LtdCompany issued a trading risk warning after five consecutive limit-ups, flagging irrational speculation and pullback risk, and clarified its products are not involved in solid-state batteries.
Jiangsu Hongdou Industrial Co Ltd
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