ST Jinglan: Stock price fluctuating abnormally with performance losses and multiple business risks.

ST Jinglan announced that the closing price of the company's stock on April 2nd and 3rd, 2026, deviated by more than 13.49% for two consecutive trading days, indicating abnormal fluctuations. The company's performance has not changed, but the stock price has significantly diverged from performance and is being closely monitored by the Shenzhen Stock Exchange. The estimated non-net profit for the year 2025 is expected to be between -220 million yuan and -150 million yuan, with an expanded loss margin. In addition, the target material business has not officially started production, Xinlian Technology's asset injection is overdue and uncertain, the performance compensation by the controlling shareholder is overdue, and additional compensation payments are uncertain. The company also faces risks in terms of liquidity, industry market, and equity pledge.