Guosheng Technology: Stock price has significantly deviated from the fundamentals. There may be changes in the implementation of the equity acquisition.

Guosheng Technology announced that the company's stock price closed at the limit-up price for 5 out of 6 trading days from November 24 to December 1, 2025, with a cumulative increase of 73.47%, significantly higher than the industry average and the Shanghai Stock Index during the same period. The company's price-to-book ratio is 10.46, higher than the industry average. On November 25, 2025, the company disclosed a notice regarding the acquisition of 100% equity of Tongling Fuyue Technology Co., Ltd. This equity acquisition may undergo changes during the implementation process; after the completion of the transaction, there is uncertainty in the integration of the target company's business technology, business team, and other aspects. There is a risk that the target company may not be able to achieve performance commitments as agreed; the company faces the risk of a significant impairment of goodwill, which may have an adverse impact on the company's future operating results.