Guosheng Technology: Stock fluctuations are large, prompting multiple operational and investment risks.

Guosheng Technology announced that the company's stock hit the daily limit up on January 22, 2026, with a daily trading range of 20.04% and a turnover rate of 23.82%. The turnover rate on January 23 was 24.13%, showing significant fluctuations. The company expects a net profit of -650 million to -325 million yuan in 2025. Its price-to-book ratio is 16.26, higher than the industry average of 3.30. In October 2025, it plans to increase capital by 230 million yuan in Tieling Global, and in November, it plans to acquire a 100% stake in Fuyue Technology for 2.406 billion yuan, both projects carrying risks. In addition, the controlling shareholder Guoshen Energy holds 16.49% of the shares, with a pledge ratio of 79.87%.