Guosheng Technology: Stock price experiencing abnormal fluctuation, warning of various investment and performance risks.

Guosheng Technology announced that the closing price of the company's stock on November 12-13, 2025 increased by more than 20% for two consecutive trading days, which was considered an abnormal fluctuation. From 2025 until November 13th, the stock price has hit the daily limit for 4 consecutive days, with a total increase of 46.40%, higher than the industry average and the Shanghai Stock Exchange Index. The price-to-book ratio is also higher than the industry average. In the first three quarters of 2025, the company's net profit was -151.0474 million yuan, with non-GAAP net profit at -151.709 million yuan. In addition, the company's subsidiary plans to increase capital by 230 million yuan for the Tieling Global project, which faces risks in terms of progress, returns, operations, and liquidity. The controlling shareholder has pledged 56.79% of their shares, accounting for 9.37% of the total share capital.