Hefei City Construction: Stock Price Abnormal Fluctuations Indicate Multiple Operational and Investment Risks.

Hefei City Construction announced that the company's stock had a cumulative deviation of more than 20% in the closing prices for 3 consecutive trading days from July 16 to 20, 2026, indicating abnormal volatility. The company's revenue for the year 2025 was 10.102 billion yuan, with a net loss of 521 million yuan; revenue for the first quarter of 2026 was 2.688 billion yuan, with a net loss of 24.8946 million yuan; it is expected to have a loss of 170-230 million yuan in the first half of 2026. The company and its subsidiaries have paid 60 million yuan to Guolian Fund, accounting for approximately 9.09%, while Guolian Fund indirectly invested 450 million yuan in Changxin Technology, with the company's investment proportion being very low and uncertain in terms of returns. The company's main business is real estate, with no business dealings with Changxin Technology, no current transformation plan, and no undisclosed items that should be disclosed.