Fenglong(SZ:002931) 证券时报·2026-01-23 13:13Core Viewpoint - The article discusses the recent abnormal trading activities related to Fenglong Co., Ltd. (002931), highlighting regulatory actions taken by the Shenzhen Stock Exchange due to significant stock price fluctuations and potential market manipulation [2][6]. Group 1: Regulatory Actions - The Shenzhen Stock Exchange reported a total of 326 abnormal trading behaviors from January 19 to January 23, 2026, involving actions such as price manipulation and false declarations [2]. - Fenglong Co., Ltd. experienced severe stock price volatility, leading to a suspension of trading and multiple risk warning announcements. After resuming trading, the stock hit consecutive daily price limits [2][3]. - The exchange has implemented self-regulatory measures, including suspending trading for certain investors involved in abnormal trading activities [2]. Group 2: Company Overview - As of January 23, 2026, Fenglong Co., Ltd. achieved an 18-day consecutive price increase, with the latest stock price at 99.53 yuan per share and a total market capitalization of 21.748 billion yuan [3]. - The company announced a share transfer agreement with UBTECH Robotics Corp., which will lead to a change in the controlling shareholder. The transaction will be executed through a combination of agreement transfer and tender offer [5]. - Fenglong Co., Ltd. stated that its main business remains focused on the research, production, and sales of garden machinery parts, automotive parts, and hydraulic components, with no significant changes reported [5]. Group 3: Market Sentiment - The company indicated that its stock price has significantly deviated from its fundamental value, suggesting risks of market over-exuberance and irrational speculation [6]. - There is a possibility that if the stock price continues to rise abnormally, the company may apply for another trading suspension for further investigation [6].