Zhong Guo Ji Jin Bao·2026-02-26 15:11Core Viewpoint - ST Jinglan's stock experienced an abnormal trading fluctuation, with a price increase of 117% over a short period, leading to a suspension for investigation [3][5]. Group 1: Stock Performance - From January 23 to February 26, ST Jinglan's stock price increased by 116.67%, significantly deviating from the company's actual performance [5]. - The stock was suspended from trading starting February 27, with an expected suspension period of no more than three trading days [7]. Group 2: Financial Performance - ST Jinglan has reported continuous losses for several years, with a projected net profit attributable to shareholders of -119 million CNY for 2024 and an expected further loss of -220 million to -150 million CNY for 2025 [7]. - Despite an anticipated increase in operating revenue for 2025, the company remains in a strategic transformation phase and has not yet achieved stable profitability [9]. Group 3: Risks and Challenges - The company faces multiple risks, including overdue performance compensation from the controlling shareholder, liquidity risks, and uncertainties related to market expansion in its ITO target material business [9]. - ST Jinglan is primarily engaged in soil remediation and comprehensive management of agricultural soil environments [9].