Jinmei Technology: A-share stock price experiencing abnormal fluctuations, with an estimated net loss of 171 million yuan in 2025.

Jinmei Technology announced that from March 11th to 13th, 2026, the daily closing price of the company's A shares deviated by a cumulative 20% for three consecutive trading days, which is considered abnormal volatility. The turnover rates for the three days were 14.29%, 19.57%, and 30.27%, respectively, which were relatively high. The company's current price-to-book ratio is 30.34 times, much higher than the industry average of 2.83 times. The company has been in losses for six consecutive years, with an estimated net loss of 171 million yuan in 2025. In addition, the issuance of A shares to the controlling shareholder has been approved by the Shanghai Stock Exchange, but is still in the registration process with the China Securities Regulatory Commission, with uncertain results.