On August 8, Beijing Bashi Media fell 5.41%, with a price of 3.67 yuan and a total market value of 2.959 billion yuan. From August 5th until now, the stock has retreated more than 35% from its highest point of 5.67 yuan. Earlier, Beijing Bashi Media recorded five consecutive trading limits due to its car disassembly business. During this period, the company issued multiple risk warning announcements, mentioning that its wholly-owned subsidiary, Beijing Tianjiao Scrap Car Recycling and Treatment Co., Ltd. (referred to as Tianjiao Company), is engaged in car disassembly business. In 2023, Tianjiao Company's revenue was 41.521 million yuan, accounting for 0.86% of the company's consolidated revenue, which is a relatively small proportion of revenue. Currently, Tianjiao Company's production and operation are normal, and it will not have a significant impact on the company's business activities in the short term.