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Changyingtong: Cumulative increase of 249% from May 6 to June 16, trading halted for investigation starting tomorrow

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Chang Ying Tong Announcement: Between May 6, 2026 and June 16, the company’s stock repeatedly hit abnormal fluctuations and severe abnormal fluctuations, with a cumulative increase of 249.36%, far exceeding the industry and the Shanghai Composite Index in the same period. Although the company’s fundamentals have not undergone major changes, the stock price has detached from its fundamentals, creating risks of overheated market sentiment and irrational speculation. The company’s trailing price-to-earnings ratio is as high as 1130.56 times, significantly higher than the industry average of 63.38 times. The net profit for the first quarter of 2026 was 58.987 million yuan, representing a year-on-year decline of 28.72%. The company’s shares will be suspended from trading starting at the opening on June 17, and the expected suspension will not exceed 3 trading days; trading will resume after the disclosure of the verification announcement.
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