SCG(SH:600170) Shang Hai Zheng Quan Bao·2025-09-16 19:16Core Viewpoint - Shanghai Construction Group Co., Ltd. (referred to as "the company") has experienced a significant short-term stock price increase, which is notably higher than that of its industry peers. The company's fundamentals have not changed significantly, indicating potential market overreaction and irrational speculation, leading to increased trading risks and the possibility of a sharp decline in stock price [2][4]. Group 1: Trading Risks - The company's stock has seen a substantial short-term increase, significantly exceeding that of peer companies, with no major changes in its fundamentals, suggesting heightened trading risks and potential for a sharp decline [2][4]. - Investors are advised to be cautious and make rational decisions regarding secondary market trading risks [4]. Group 2: Media Reports and Market Rumors - Recent media reports regarding the company's 60% owned subsidiary, Zara Mining Co., Ltd., indicating an increase in gold reserves at the Koka mine, are based on previously disclosed information from August 2020 and do not represent new information [5]. - The reported increase in gold reserves amounts to 338,900 ounces, equivalent to approximately 4.272 billion RMB, but this information is not recent [5]. Group 3: Business Performance Decline - For the first half of 2025, the company reported revenue of 105.042 billion RMB, a year-on-year decrease of 28.04%. The net profit attributable to shareholders was 710 million RMB, down 14.07%, and the net profit after deducting non-recurring gains and losses was 217 million RMB, a decline of 69.13% [3][6]. - The company emphasizes the importance of rational investment decisions due to the volatility in its performance [6]. Group 4: Major Events - The company has confirmed that there are no undisclosed significant matters, including major asset restructuring, share issuance, or other significant transactions that could impact its stock price [6]. - The company has also stated that it has not received any information that should be disclosed according to stock listing rules that could significantly affect its stock and derivatives trading prices [6]. Group 5: Other Risk Alerts - The company's board confirms that there are no undisclosed matters or plans that should be disclosed under relevant regulations, and previous disclosures do not require correction or supplementation [6].