ST Ningke (600165.SH): It is still uncertain whether Zhongke New Materials can achieve sustainable normal production and operation capabilities.

Zh tng cijng APP xn, * ST Nng k (600165.SH) gnggo, gngs gpio y 2025 nin 12 yu 16 r, 12 yu 17 r, 12 yu 18 r linx sn g jioy r ni r shupn jig zhngf pinl zh lij chogu 12%, sh y gpio jioy ychng bdng qng xng. Gngs gpio z 2024 nin 4 yu 8 r q y bi Shnghi zhngqun jioy su shsh qt fngxin jngsh. Surn zhng k xn ci jnq yjng shxin fgng fchn, dn nng fu shxin k chxng de zhngchng shngchn jngyng nngl, rng yu bquxng. Zhtng financial APP news, *ST Ningke (600165.SH) announced that the company's stock has experienced abnormal fluctuations in trading for three consecutive trading days on December 16, 17, and 18, 2025, with the cumulative deviation of the closing price exceeding 12%. The company's stock has been under other risk warnings by the Shanghai Stock Exchange since April 8, 2024. Although Zhongke New Materials has resumed production recently, there is still uncertainty about whether it can achieve sustainable normal production and operation capabilities.