The Shanghai Stock Exchange issued a notice on the evening of August 18, imposing self-regulatory measures including suspension of account trading on investors related to Elegant Home Tech. Recently, the company's share price has repeatedly shown severe abnormal fluctuations, and the company has issued multiple risk warning announcements. The company announced that evening that from July 21 to August 18, 2026, its shares hit the daily limit-up on a cumulative 12 trading days, with a cumulative gain of 214.8 percent over the period. Its static price-to-earnings ratio stood at 423.11 times, far above the industry valuation level of 28.99 times. If the share price continues to rise abnormally, the company will apply for a trading halt for verification. The company expects its net profit attributable to the parent for the first half of 2026 to be between negative 34.5 million yuan and negative 40.5 million yuan. It also plans to acquire no less than 77.08 percent equity in Oukangnuo with cash, with the target valued at no more than 650 million yuan. Relevant due diligence, audit and evaluation have not yet been completed, no formal agreement has been signed, and the transaction still requires review by the shareholders' meeting.
Zhangjiagang Elegant Home Tech Co LtdExchange suspends trading for related investor accounts due to abnormal share price fluctuations; company faces regulatory scrutiny and potential trading halt.
