Core Viewpoint - The stock of Fenglong Co., Ltd. has experienced significant abnormal fluctuations, leading to a suspension of trading and subsequent risk warnings from the Shenzhen Stock Exchange. Following the resumption of trading, the stock has seen consecutive price increases, raising concerns about potential market manipulation and investor behavior [1][2]. Group 1: Stock Performance and Trading Activity - Fenglong Co., Ltd. has achieved an 18-day consecutive price increase since December 17, 2025, with a total rise of 456.34%, reaching a stock price of 99.53 yuan per share and a market capitalization of 21.7 billion yuan as of January 23, 2026 [1]. - The trading volume for Fenglong Co., Ltd. reached a record high of 3.846 billion yuan, indicating heightened investor interest and activity [1]. - The stock was suspended from trading on December 18, 2025, due to a planned change in control, with a subsequent announcement from Yubis selected to acquire approximately 43% of Fenglong's shares [1][2]. Group 2: Corporate Changes and Future Outlook - Following the share transfer, the controlling shareholder of Fenglong Co., Ltd. changed from Chengfeng Investment to Yubis, with the actual controller shifting from Dong Jiangang to Zhou Jian [2]. - The company confirmed that its main business activities, including the research, production, and sales of garden machinery parts, automotive parts, and hydraulic components, remain unchanged [2]. - Yubis has no plans for restructuring or asset reorganization involving Fenglong Co., Ltd. in the next 36 months, nor any asset restructuring plans in the next 12 months [2]. Group 3: Risk Warnings and Regulatory Actions - Fenglong Co., Ltd. has issued warnings regarding the significant price increase of its stock, indicating a potential for rapid price declines and market volatility due to irrational speculation [3]. - The Shenzhen Stock Exchange has taken self-regulatory measures against 326 instances of abnormal trading behavior, including price manipulation and false declarations, highlighting broader market concerns [3].
深交所出手 锋龙股份部分投资者被暂停交易