SCG(SH:600170) Shang Hai Zheng Quan Bao·2025-09-17 20:02Core Viewpoint - Shanghai Construction Group's stock experienced an abnormal price fluctuation, with a cumulative increase of 20% over two consecutive trading days, prompting the company to issue a risk warning and clarify its operational status [2][4]. Group 1: Stock Trading Abnormality - The stock price of Shanghai Construction increased by a cumulative 20% on September 16 and 17, 2025, indicating abnormal trading activity [2][4]. - The company confirmed that its production and operations are normal, with no undisclosed significant matters [5][6]. Group 2: Market Sentiment and Trading Risks - The significant short-term price increase may be attributed to market sentiment and irrational speculation, with a high turnover rate of 24.68% on September 17, indicating potential trading risks [2][9]. - The company cautioned investors about the risks associated with secondary market trading and advised rational decision-making [2][9]. Group 3: Financial Performance - For the first half of 2025, the company reported a revenue of 105.042 billion yuan, a year-on-year decrease of 28.04%, and a net profit attributable to shareholders of 710 million yuan, down 14.07% [3][10]. - The net profit after excluding non-recurring gains and losses was 217 million yuan, reflecting a significant decline of 69.13% year-on-year [3][10]. Group 4: Gold Mining Operations - Recent media reports regarding the increase in gold reserves at the Koka mine owned by the company's subsidiary were based on previously disclosed information and do not represent new developments [2][7]. - The company's gold business contributes less than 0.5% to its total revenue, indicating minimal impact on overall operations [2][7].