On July 29th, Gelunhui reported that Shanghai Dazhong Public Utilities (600635.SH) issued a risk warning for stock trading. Recently, the media reported on the concept of intelligent network-connected cars. This is mainly due to the fact that the company holds a 26.87% stake in Dazhong Transportation (Group) Co., Ltd., which is engaged in urban transportation services. It should be noted that Dazhong Transportation stated in an announcement, 'Recently, intelligent network-connected cars have received higher market attention. This model is currently in the experimental stage and does not generate income for the company, and there is uncertainty in future business development trends. In the short term, it will not have a significant impact on the company's business activities.'
Currently, the company's main business is gas, sewerage treatment, and other operations. The equity investment in Dazhong Transportation is accounted for using the equity method, and related matters will not directly affect the company's performance.