Beijing Bashi Media (600386.SH) announced that the company's stock prices deviated from the closing price for three consecutive trading days on July 26, 29, and 30, 2024, with a cumulative increase of more than 20%. The company disclosed the "Announcement on Unusual Fluctuation of Stock Trading in Beijing Bus Media Co., Ltd." on July 31, 2024. On the same day, the stock price rose again and the turnover ratio increased significantly, with trading volume significantly higher than the previous level. There is a risk of short-term fluctuation of stock price and subsequent decline after a short-term large increase in stock price.
Zhongtong Finance APP reports that Beijing Bashi Media (600386.SH) announced that the company's stock prices deviated from the closing price for three consecutive trading days on July 26, 29, and 30, 2024, with a cumulative increase of more than 20%. The company disclosed the "Announcement on Unusual Fluctuation of Stock Trading in Beijing Bus Media Co., Ltd." on July 31, 2024. On the same day, the stock price rose again, and the turnover ratio increased significantly, with trading volume significantly higher than the previous level. There is a risk of short-term fluctuation of stock price and subsequent decline after a short-term large increase in stock price.
The company has noticed that the concept of car dismantling has received attention from the market recently. The company's wholly-owned subsidiary, Beijing Tianjiao Scrap Car Recycling and Treatment Co., Ltd. (hereinafter referred to as "Tianjiao Company"), includes automobile dismantling business in its scope of operation. The operating income of Tianjiao Company in 2023 was 41.521 million yuan, accounting for 0.86% of the company's consolidated operating income. Its operating income proportion is relatively small. At present, Tianjiao Company's production and operation are normal, and it will not have a significant impact on the company's operations in the short term.
