Summary by Futu AI
BEIJING JINGCHENG MECHANICAL AND ELECTRICAL CO., LTD. (HEREINAFTER REFERRED TO AS “JINGCHENG ELECTRICS”) ISSUED A NOTICE ON FEBRUARY 29, 2024, INDICATING THAT COMPANY A SHARES HAD A PRICE DEVIATION OF MORE THAN 20% ON THREE CONSECUTIVE TRADING DAYS FROM FEBRUARY 27 TO 29, 2024. ACCORDING TO THE RULES OF THE SHANGHAI STOCK EXCHANGE, IT IS A STOCK TRADING ANOMALY Fluctuations. AFTER SELF-EXAMINATION AND VERIFICATION WITH THE HOLDING COMPANY TOKYO CITY ELECTRIC POWER HOLDINGS LIMITED, THE COMPANY HAS CONFIRMED THAT NOTHING SHOULD BE DISCLOSED EXCEPT FOR THE DISCLOSED 2023 RESTRICTED STOCK INCENTIVE PLAN. In addition, the Company announced on 31 January 2024 a loss on its 2023 results and is expected to achieve net profit attributable to shareholders of listed companies of approximately RMB4,600 million to ¥5,500 million. The company operates unchanged, manufactures equipment, and reminds investors to pay attention to second-tier market trading risks, rational decisions, and prudent investments.