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AiHua Group: Supercapacitors are not part of the company’s main business; there is no sales revenue, and the AI server business accounts for an extremely low share of revenue.

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Aiwa Group announced that its stock closing price increases deviated by a cumulative value of 20% over two consecutive trading days from June 24 to 25, 2026, indicating abnormal fluctuations. After conducting a self-inspection and making inquiries with the controlling shareholder and the actual controller, the company found no major matters that should have been disclosed but were not. In response to current market hotspots, the company said that its supercapacitor products are currently not its core business, has no sales revenue, and have not been included in the existing business system. Its AI server and liquid-cooled server businesses are in the product introduction and production capacity ramp-up stage, and the overall revenue contribution is extremely low—still at an early stage. In the first quarter of 2026, the company’s net profit excluding non-recurring gains and losses was RMB 590.595 million, down 13.88% year over year. From May 14 to June 25, 2026, the company’s stock has risen cumulatively by 156.69%, highlighting the risk of a rapid pullback in the stock price.
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