Qianjing Landscape(SH:603778) Zhong Guo Zheng Quan Bao·2026-01-14 12:24Core Viewpoint - The stock price of Guosheng Technology has experienced significant volatility, prompting the Shanghai Stock Exchange to implement self-regulatory measures against certain investors for abnormal trading behaviors [2][4]. Group 1: Stock Performance and Trading Behavior - Guosheng Technology's stock has shown abnormal fluctuations, with a cumulative increase of 511.92% from October 31, 2025, to January 14, 2026 [4]. - The stock price deviated significantly from the company's fundamentals, with a cumulative closing price increase exceeding 20% over three consecutive trading days [4]. - The company has issued multiple risk warnings, advising investors to be cautious and to avoid being influenced by market sentiment [4]. Group 2: Financial Performance - For the first three quarters of 2025, Guosheng Technology reported a net loss of 151.05 million yuan, with a projected annual net loss for 2025 [5]. - The company's current stock price increase is not aligned with its operational performance, indicating a significant disconnect between market valuation and actual financial results [5]. Group 3: Acquisition and Financing Risks - Guosheng Technology is in the process of acquiring 100% of Tongling Fuyue Technology Co., Ltd. for 24.06 million yuan, but the payment conditions have not yet been met, and the acquisition loan is still under approval [5][6]. - There are uncertainties regarding the completion of the acquisition and potential changes during the implementation process, which could affect the integration of the acquired company's operations [6][7]. - The company faces risks related to the inability of the target company to meet performance commitments, as well as potential significant goodwill impairment that could adversely impact future financial results [7].