KINGSUN SHARE(SZ:002638) Jing Ji Guan Cha Wang·2026-02-15 04:29Company Situation - The company, Qunshang Co., announced on February 2, 2026, the termination of its share repurchase reduction plan, which was originally set to reduce up to 16.4987 million shares, accounting for approximately 1.15% of the total share capital, between November 19, 2025, and May 19, 2026. The board's decision aims to stabilize the company's stock price, protect shareholder interests, and enhance investor confidence [1][2]. Performance and Operating Conditions - Prior to the termination of the reduction plan, Qunshang Co. issued a performance forecast on January 30, 2026, indicating an expected net loss attributable to shareholders for the year 2025, ranging from -347 million to -271 million yuan, representing a year-on-year decrease of 8.68% to 39.16%. The primary reasons for the performance decline include losses from subsidiary project disposals, investment losses from joint ventures, increased foreign exchange losses, and asset impairment provisions [2]. Recent Stock Performance - As of the market close on February 13, 2026, Qunshang Co.'s stock price was 3.13 yuan, reflecting a daily increase of 3.64%, with a total market capitalization of approximately 4.5 billion yuan. Technical analysis indicates that the stock has outperformed the market and industry averages over the past five days, with resistance and support levels around 3.25 yuan and 2.93 yuan, respectively [3].