Core Viewpoint - Kosen Technology (603626) has issued a stock trading risk warning due to its stock price hitting the daily limit for three consecutive trading days, indicating a significant recent price increase and potential short-term decline risk [1] Company Overview - Kosen Technology specializes in the production of structural components for consumer electronics [1] - The company has been mistakenly identified by media as a player in the AI glasses sector, but it does not manufacture AI glasses or their structural components [1] - Kosen Technology has also been associated with the foldable screen sector; however, it primarily relies on a single customer for its foldable screen hinge assembly business, which only contributed 2.10% to total revenue in the first half of 2025 [1]

每经AI快讯，科森科技（603626）晚间公告，公司基本面未发生重大变化，但近期公司股票价格已偏 离公司基本面情况，投资者参与交易可能面临较大风险。公司股票在2025年9月16日至9月18日区间换手 率为62.72%，换手率波动较大，且存在生产经营亏损风险。公司于2025年8月30日披露了《董事集中竞 价减持股份计划公告》，上述减持计划尚在存续期间。敬请广大投资者注意投资风险，理性投资。 ...

Group 1: New Stock Issuances - Cash option declaration period for *ST Tianmao (000627) is from September 15 to September 19, 2025[1] - *ST Zitian (300280) has 11 trading days remaining until the last trading day during the delisting arrangement period[1] - *ST Dongtong (300379) has reported severe abnormal fluctuations in stock price[1] Group 2: Market Alerts - Jiushi Media (601929) has experienced significant abnormal fluctuations in stock price[1] - Xian Dao Intelligent (300450) has reported severe abnormal fluctuations in stock price[1] - Hangke Technology (688006) has issued a notice regarding stock performance[1] Group 3: Trading Notifications - Shanghai Construction (600170) has issued a trading notification on September 18, 2025[1] - Junsheng Electronics (600699) has issued a trading notification on September 18, 2025[1] - ST Changyuan (600525) has issued a trading notification on September 18, 2025[1]

Core Viewpoint - The stock of Kosen Technology experienced an abnormal trading fluctuation, with a cumulative closing price increase of 20% over two consecutive trading days on September 16 and 17, 2025, attributed to its mention in AI glasses and foldable screen concept stocks by the media [1] Group 1: Company Operations - Kosen Technology's main business is the production of consumer electronics structural components [1] - The company clarified that it does not manufacture AI glasses or their structural components [1] - The foldable screen hinge assembly business relies on a single customer, and the revenue generated from this segment accounted for only 2.10% of total revenue in the first half of 2025, indicating minimal impact on overall performance [1]

Shareholder Reduction - Guangan Gas's shareholder Jinggangshan Chengxing plans to reduce its stake by no more than 1.9994% [1] - Hanyi Co., Ltd.'s controlling shareholder and its concerted parties plan to reduce their stake by no more than 3% [1] - Yuanfei Pet's shareholders Pingyang Shengfei, Pingyang Shengyu, and Pingyang Shengjin plan to collectively reduce their stake by no more than 3.4822% [1] - TeFa Service's shareholder Yinkun Company plans to reduce its stake by no more than 2% [1] - Xinyu Guoke's shareholder Jiangxi Agricultural Development Group plans to reduce its stake by no more than 1% [1] - Yinbang Co., Ltd.'s shareholder Xinbang Technology plans to reduce its stake by no more than 3% [1] - Newhan New Materials' actual controller Qin Cui'e plans to reduce her stake by no more than 2% [1] - Qixia Construction's shareholder Nanjing Gaoke plans to reduce its stake by no more than 3% [1] - Shenglong Co., Ltd.'s controlling shareholder and concerted parties plan to reduce their stake by no more than 3% [1] - Dagang Holdings' Yingqi Management plans to reduce its stake by no more than 3% [1] - Laixitongling's shareholder Ningbo Ningju plans to reduce its stake by no more than 1% [1] Other Information - Kosen Technology does not produce AI glasses or the structural components for AI glasses [1] - Haon Electric's robotics business products are still in the research and development stage and have not yet generated revenue [1]

Core Viewpoint - The stock of Kunshan Kosen Technology Co., Ltd. experienced an abnormal trading fluctuation, with a cumulative closing price increase of 20% over two consecutive trading days on September 16 and 17, 2025 [2][4]. Group 1: Stock Trading Abnormality - The company's stock price deviation reached a cumulative increase of 20% over two trading days, qualifying as an abnormal trading situation according to the Shanghai Stock Exchange rules [2][4]. - The company confirmed that there were no undisclosed significant matters after self-examination and verification with controlling shareholders and actual controllers [3][5]. Group 2: Business Operations - The company specializes in the production of structural components for consumer electronics, and its current production and operational conditions are normal without significant changes in the internal and external business environment [5]. - The company does not manufacture AI glasses or their structural components, despite being listed in media reports as part of the AI glasses concept stock [3][7]. - The folding screen hinge assembly business accounts for only 2.10% of total revenue in the first half of 2025, indicating minimal impact on overall performance [3][7]. Group 3: Major Events and Market Sentiment - There are no undisclosed major events or information that could significantly impact the company's stock price, including major asset restructuring, share issuance, or significant business cooperation [6][8]. - The company has not engaged in any stock trading by directors, supervisors, senior management, or controlling shareholders during the abnormal trading period [8]. Group 4: Financial Performance - The company reported a net loss of 476.83 million yuan for the fiscal year 2024 and a net loss of 105.21 million yuan for the first half of 2025 [11].

Mergers and Acquisitions - Changrong Co., Ltd. plans to acquire 100% equity of Enchi New Energy from Enhui New Energy for a consideration of 0 yuan, followed by a capital increase of 60 million yuan for a 100,000 kW photovoltaic power generation project in Yongchang County [1] - Zaiseng Technology has terminated its cash acquisition plan for 49% equity of Maikelong due to lack of substantial progress and to protect the interests of the company and its shareholders [2] Shareholding Changes - Yongding Co., Ltd.'s controlling shareholder, Yongding Group, intends to reduce its shareholding by up to 4,385,970 shares, representing no more than 3% of the total share capital [3] - Xinhang New Materials' controlling shareholder, Qin Cui'e, plans to reduce her shareholding by up to 349,760 shares, approximately 2% of the total share capital [4] - Dagang Holdings' shareholder, Yingqi Management, plans to reduce its shareholding by up to 952,000 shares, about 3% of the total share capital [5] Risk Matters - Pinming Technology is planning a significant matter that may lead to a change in control, resulting in a stock suspension from September 18 for no more than 2 trading days [6] - Hangzhou High-tech's shareholder, Wanren Zhongying, has 583,370 shares (4.61% of total share capital) subject to judicial auction scheduled for October 16-17, 2025 [7] Company Operations - Kosen Technology clarified that it does not produce AI glasses or their structural components, and its folding screen hinge assembly business generated only 2.10% of total revenue in the first half of 2025 [8] - Meili Cloud's shareholder, Zhongye Paper, has had its bankruptcy liquidation application accepted by the court [9][10] Stock Trading - Tianpu Co., Ltd. has completed its stock trading suspension review and will resume trading on September 18, following an investigation into abnormal trading activities [11]

Core Viewpoint - The stock of Kosen Technology (603626.SH) experienced a significant price fluctuation, with a cumulative increase of 20% over two consecutive trading days, which is classified as an abnormal trading situation according to Shanghai Stock Exchange regulations [1] Group 1: Company Operations - Kosen Technology's main business is the production of structural components for consumer electronics [1] - The company has been mistakenly identified by media as a player in the AI glasses sector; however, it does not manufacture AI glasses or their structural components [1] - Kosen Technology has also been associated with the foldable screen concept; yet, it only has a single customer for its foldable screen hinge assembly business, which relies on externally sourced components [1] Group 2: Financial Impact - The revenue generated from the foldable screen hinge assembly business accounted for only 2.10% of the total revenue in the first half of 2025, indicating that this segment does not significantly impact the company's overall performance [1]

Core Viewpoint - The stock of Kosen Technology (603626.SH) experienced a significant price fluctuation, with a cumulative increase of 20% over two consecutive trading days, which is classified as an abnormal trading situation according to the Shanghai Stock Exchange regulations [1] Group 1: Company Operations - Kosen Technology's main business is the production of structural components for consumer electronics [1] - The company has been mistakenly identified by media as a player in the AI glasses sector; however, it does not manufacture AI glasses or their structural components [1] - Kosen Technology has also been associated with the foldable screen concept; yet, upon self-examination, it confirmed that its foldable screen hinge assembly business relies on a single customer and uses externally sourced components, contributing only 2.10% to total revenue in the first half of 2025, thus having a negligible impact on overall performance [1]

Core Viewpoint - Kosen Technology (603626.SH) clarifies its business operations in response to media categorization as an AI glasses and foldable screen concept stock, stating it does not produce AI glasses or their components, and that its foldable screen hinge assembly business has minimal impact on overall revenue [1] Group 1: Business Operations - The main business of Kosen Technology is the production of structural components for consumer electronics [1] - The company does not manufacture AI glasses or components related to AI glasses [1] - Kosen Technology's foldable screen hinge assembly business relies on a single customer and uses externally sourced components, contributing only 2.10% to total revenue projected for the first half of 2025 [1]