五矿发展上演“天地板”，华夏幸福盘中“地天板”

Group 1 - On January 19, Wuzhou Development opened with a limit-up, followed by a sharp decline, hitting the limit-down, and ultimately closing down nearly 9% at 12.69 yuan, with a trading volume exceeding 9 billion yuan [1] - The stock's market capitalization is reported at 113.6 billion yuan, with a price-to-earnings ratio of 131.6 [2] - Wuzhou Development announced an asset swap with its controlling shareholder, Wuzhou Holdings, involving the exchange of major assets and liabilities related to its original business for 100% equity in Wuzhou Mining and Luzhong Mining [4] Group 2 - Wuzhou Development's stock was suspended from trading on December 30, 2025, and resumed trading on January 15, 2026, with consecutive limit-up days prior to the suspension [4] - The company plans to issue shares and pay cash to acquire the difference in transaction prices between the assets being swapped [4] - The main business of the assets being acquired focuses on iron ore mining, mineral processing, and the sale of iron concentrate products [4] Group 3 - Huaxia Happiness experienced a "limit-up" on the same day, closing up nearly 7% with a trading volume exceeding 8 billion yuan [4] - Huaxia Happiness announced an abnormal stock trading fluctuation due to a cumulative price drop of 20% over three trading days, projecting a net loss of 240 billion to 160 billion yuan for the fiscal year 2025 [8] - The company also warned that its net assets might be negative by the end of 2025, which could lead to a delisting risk warning from the Shanghai Stock Exchange [8]