Guangyang Co. Says Robot Business Has Low Revenue, No Profit Amid 70% Stock Surge
On the evening of November 11, 2026, Guangyang Co. (stock code: 002708) issued an announcement regarding abnormal fluctuations in its stock trading. The company's shares had experienced seven limit-up days within 13 trading days, accumulating a gain of nearly 70%.
The announcement was required because the stock's closing price had deviated more than 20% over three consecutive trading days: November 9, 10, and 11, 2026, triggering an abnormal fluctuation review under Shenzhen Stock Exchange rules.
Guangyang Co. stated that its robot business is still in the market expansion stage, with a low revenue share and no profit yet. The company emphasized that this business will not significantly impact its short-term financial performance, as it remains focused on its core automotive components business.
The clarification comes amid heightened market speculation on robotics concepts. Guangyang Co. advised investors to be cautious and base decisions on official disclosures, noting that the robot business is still in its early stages and faces uncertainties.