Demingli hits limit down 7 times in 12 days, retreats nearly 70% from peak; chairman pledges no share reduction

Price Action
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Storage giant Demingli hit limit down again on July 28, closing at 361.44 yuan, marking its seventh limit down in the past 12 trading days and a retreat of nearly 70% from its peak of 980 yuan. The company previously disclosed its semi-annual earnings forecast on the evening of July 14, expecting net profit attributable to shareholders of 5.7 billion to 6.5 billion yuan, a significant turnaround from a loss year-on-year, and stated that the accelerating deployment of AI applications is driving sustained growth in storage demand. After the market close on July 24, the company's controlling shareholder and chairman, Li Hu, voluntarily committed not to reduce his holdings in the company's shares in any way for 12 months starting from July 27, 2026, in order to maintain the stability of the company's equity structure and protect the interests of small and medium investors.

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