Qibu Co.,Ltd.(SH:603557) Shang Hai Zheng Quan Bao·2025-12-02 19:27Core Viewpoint - The stock of Qibu Co., Ltd. has experienced abnormal trading fluctuations, with a cumulative closing price increase of over 12% over three consecutive trading days, prompting the company to disclose relevant information and clarify its operational status [2][5]. Group 1: Stock Trading Abnormalities - The stock price of Qibu Co., Ltd. increased by a cumulative value exceeding 12% over three consecutive trading days on November 28, December 1, and December 2, 2025, which is classified as an abnormal trading situation according to the Shanghai Stock Exchange rules [2][5]. - The company has conducted a self-examination and confirmed that its daily operations are normal, with no significant changes in market conditions or industry policies [6]. Group 2: Shareholder and Management Insights - The company is in the process of receiving a donation of 80% equity in Foshan Pengchang Enterprise Management Co., Ltd. from its controlling shareholder, Huzhou Hongyu Enterprise Management Partnership (Limited Partnership), which has been approved by the board but still requires shareholder approval, indicating some uncertainty [2][6]. - There are no undisclosed significant matters related to major asset restructuring, share issuance, acquisitions, debt restructuring, business restructuring, or asset stripping by the controlling shareholder or actual controller [6][7]. Group 3: Financial Performance - For the first three quarters of 2025, the company reported an operating income of 115 million yuan and a net loss attributable to shareholders of 81.83 million yuan, with a net loss of 106.21 million yuan after excluding non-recurring gains and losses [3][9]. - The company anticipates that its audited profit total, net profit, or net profit after excluding non-recurring gains and losses for 2025 will be negative, with significant uncertainty regarding achieving an operating income of 300 million yuan [3][9]. Group 4: Risk Considerations - The company has highlighted potential risks related to its stock trading and financial performance, including the possibility of facing financial delisting warnings due to ongoing losses and uncertainty in revenue generation [3][9][10]. - There are concerns regarding credit impairment risks related to accounts receivable, as the company has not provided sufficient evidence for the adequacy of its credit impairment provisions [11].