Hongchang Technology rises sharply for three consecutive days; the company states that business operations are normal.

Hongchang Technology (301008) continued to rise again during intraday trading on the 1st, once gaining more than 17%. As of the time of publication, the stock was up about 10%, with trading volume exceeding 500 million yuan. In the prior two days, the stock had repeatedly hit its daily limit up.

In a statement released late on March 31, the company said that its recent operating conditions are normal, its main business has not changed, and there have been no major changes in its internal or external operating environment.

The company noted that in recent reports by public media, there have been many stories about “Zhangxue Motorcycle” winning in the WorldSSP class of the World Superbike Championship (WSBK) at the Portugal站, which has drawn high market attention and reported on the matter of the company’s indirect investment in “Zhangxue Motorcycle.” The company would like to clarify this matter as follows:

In August 2025, the company, as a limited partner, jointly invested with other partners in Jinhua Zhejiangchuang Jinyi Zhikong Venture Capital Partnership (Limited Partnership). The company’s subscribed capital contribution totaled 503 million yuan, and with its own funds it subscribed 150 million yuan, representing 29.82%. The Jinyi Zhichuang fund completed its investment in Chongqing Zhangxue Motorcycle Industrial Co., Ltd. in January 2026 and completed the business registration changes in March 2026. After the investment was completed, the fund held 5.5046% equity in Zhangxue Motorcycle. This investment by the company is a financial investment, and will have only a limited impact on the company.