Bingo Software (SH:688227) Shang Hai Zheng Quan Bao·2025-11-24 18:24Core Viewpoint - The stock of Guangzhou Pingao Software Co., Ltd. has experienced abnormal trading fluctuations, with a cumulative closing price increase of over 30% over three consecutive trading days. The company confirms that there are no undisclosed significant matters affecting its operations or stock price [2][7][8]. Group 1: Stock Trading Abnormalities - The company's stock price increased by over 30% from November 20 to November 24, 2025, which is classified as abnormal trading behavior according to Shanghai Stock Exchange regulations [2][7]. - The company conducted a self-examination and confirmed that its operational status remains normal, with no significant changes in market conditions or internal operations [8][9]. Group 2: Share Transfer Agreement - The controlling shareholder, Beijing Shangao, has agreed to transfer 13,566,633 shares, representing 12% of the company's total shares, to two entities without changing the control of the company [9][10]. - The share transfer requires compliance confirmation from the Shanghai Stock Exchange and is subject to certain uncertainties regarding approval and timing [3][10]. Group 3: Investment in Jiangyuan Technology - The company plans to invest 400 million RMB in Jiangyuan Technology, which is currently in its early stages, with projected revenues of 30 million RMB for 2024 and a net loss of approximately 146.63 million RMB [12][13]. - After the investment, the company expects to hold 15.4182% of Jiangyuan Technology's equity, while the controlling shareholder of Jiangyuan will hold 52.8980% [12][14]. - The investment's return period is expected to be long, and the company acknowledges potential risks related to Jiangyuan's operational development and market conditions [13][20]. Group 4: Financial Performance - The company reported a net loss of 64.06 million RMB for 2024 and a net loss of 32.84 million RMB for the first three quarters of 2025, indicating ongoing financial challenges [18][19]. - The company remains in a loss-making state, and investors are advised to consider the financial risks associated with the company's performance [5][18].