Gansu Guofang Gongmao(Grp)

After the market close on September 22, Guofang Group issued an announcement on abnormal stock trading fluctuations, marking the company's fifth such announcement in nearly a month. The announcement showed that the closing price deviation of the company's stock over the three consecutive trading days of September 18, September 21, and September 22 cumulatively reached 20%, triggering abnormal fluctuation. Since August 27, the company's share price has hit the daily limit-up on nine trading days, with a cumulative increase of 142.46% and an average turnover rate of 10.35%, while the Shanghai Composite Index rose only 1.01% over the same period. In terms of valuation, as of September 21, the company's price-to-earnings ratio was as high as 99.09 times, compared with an industry average of 20.04 times, and its price-to-book ratio was 7.35 times, compared with an industry average of 1.69 times. The company stressed that its main business and fundamentals have not undergone major changes, and that the share price increase has become seriously detached from fundamentals, with the risk of a significant valuation pullback in the future. The announcement also noted that the controlling shareholder and its concert parties have pledged a cumulative total of 135.18 million shares of the company, accounting for 27.51% of their holdings and 20.30% of the company's total share capital. Guofang Group is the largest chain retail enterprise in Gansu Province. In the first half of 2026, it achieved revenue of 422 million yuan, up 10.35% year on year, and net profit attributable to the parent of 71.13 million yuan, up 214.09% year on year. However, investment income of 48.27 million yuan accounted for nearly 70% of the net profit attributable to the parent, while non-recurring net profit was 32.77 million yuan, up 11.39% year on year.

Guofang Group announced that its controlling shareholder and actual controller Zhang Guofang has sold 2 million shares, representing 0.30% of the company's total share capital. Due to personal funding needs, he decided to terminate the share reduction plan early, and the remaining unsold shares will not be reduced within the current plan period. The company achieved revenue of 234 million yuan in the first quarter of 2026, with net profit attributable to the parent company of 41.58 million yuan.