2 consecutive limit-up ST Jinglan: The target material business is still in the maintenance and restart phase of the acquired production lines, and has not generated relevant operating income or profits.

MetaMuskRat · 2026-04-06T08:32:09+00:00

ST Jinglan recently disclosed abnormal stock trading fluctuations, with consecutive days of gains exceeding 13.49%. Although the company's performance has not experienced significant changes, market sentiment and speculation have caused large fluctuations in the stock price, with some analyses overly interpreting the company's future business development and market value. The company's current operations have not yet officially started, and related revenue and profits have not been generated.

MetaMuskRat

2026-04-06 08:32:09

Abstract generation in progress

People’s Finance News, April 6 — ST Jinglan (000711), which hit its second consecutive daily limit up, disclosed on April 6 that its stock trading showed abnormal fluctuations. The company’s stock closing prices on April 2, 2026 and April 3, 2026 rose by an accumulated amount with the deviation value exceeding 13.49% over two consecutive trading days. In accordance with relevant regulations, this qualifies as a case of abnormal stock trading fluctuations.

The company’s performance has not undergone any major changes, but the company’s stock price has seriously deviated from its operating performance. There is a risk of overheated market sentiment and irrational speculation. In the recent period, the company’s stock price has experienced large fluctuations due to factors such as market sentiment and concept-driven speculation. Some market views have given excessive interpretations and set overly high expectations regarding the company’s new business development, asset injection, name change, and the increase in market value after valuation restructuring, which deviates significantly from the company’s current actual performance.

The company’s target materials business is still in the inspection and repair and resumption production stage of the acquired production lines. Production has not yet officially started, and it has not generated any related operating revenue or profits. In the first three quarters of 2025, the company’s revenue from the zinc and indium-bearing hazardous waste resource utilization business was 316 million yuan. In terms of gross margin, the gross margin of self-produced refined indium (purity 99.995%), which accounts for a relatively high share of revenue, is at a low level around 1%. The gross margins of crude indium and zinc ingots are negative, and other business revenues account for a relatively low proportion.

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