Tricolor(SH:603516) Shang Hai Zheng Quan Bao·2025-09-10 19:17Core Viewpoint - Beijing Chunzhong Technology Co., Ltd. has experienced significant stock price fluctuations, with a cumulative increase of 20% over three consecutive trading days, raising concerns about potential risks associated with the stock's valuation and performance [2][4]. Group 1: Stock Trading Anomalies - The company's stock price increased by a cumulative deviation of 20% over three trading days from September 8 to September 10, 2025, which is classified as an abnormal trading situation according to the Shanghai Stock Exchange rules [2][4]. - As of September 10, 2025, the company's static price-to-earnings (P/E) ratio was 295.26, significantly higher than the industry average of 53.14 for computer, communication, and other electronic equipment manufacturing [2][10]. Group 2: Business Performance and Financials - The company reported a net profit of -40.02 million yuan for the first half of 2025, indicating a shift from profit to loss, with a 44.85% decrease in revenue compared to the same period last year [3][11]. - The net cash flow from operating activities was -63.64 million yuan, reflecting a decline in financial performance [3][11]. Group 3: Shareholder Actions - The company's chairman and several directors plan to reduce their holdings by a total of up to 4,173,000 shares, representing approximately 2.05% of the total share capital, between September 19 and December 18, 2025 [2][8]. Group 4: Market and Business Risks - The company does not engage in the production of liquid-cooled servers but only participates in testing platforms, with no revenue generated from this segment in the first half of 2025. The business faces risks related to customer product iterations and testing adaptations [3][7]. - The company has not identified any undisclosed significant information that could affect stock trading prices, and its operational status remains normal [5][6].