After falling over 6% during the session, the stock surged more than 9% in late trading.
Following consecutive sharp gains, Shanghai Highly(Group)Co.,Ltd. (600619) issued another trading anomaly announcement on the evening of September 23rd.
The company explicitly stated that online rumors regarding shell company restructuring, reorganization, and asset injection involving the company are all false information. After verification, no evidence was found that the company's directors, senior management, controlling shareholders, or persons acting in concert had bought or sold company shares during this period of abnormal stock price volatility.
Shanghai Highly(Group)Co.,Ltd. has shown significant volatility recently.
On September 23rd, Shanghai Highly(Group)Co.,Ltd.'s A-shares opened lower and continued declining, falling over 6% at one point during the session. However, near the close, the stock surged dramatically, rising over 9% at its peak. The stock closed up 6.32% with trading volume of 3.355 billion yuan, an amplitude of 16.04%, and a turnover rate exceeding 16%.
Since September 10th, Shanghai Highly(Group)Co.,Ltd.'s A-shares have accumulated gains of over 36%, with B-shares maintaining similar momentum.
Prior to this rally, Shanghai Highly(Group)Co.,Ltd. had already experienced a significant upward trend starting from July 1st. The company stated that its A-shares have accumulated a closing price increase of 141.72% since July 1, 2025, representing substantial short-term gains.
According to data published on the CSI Index website, as of September 22, 2025, the latest rolling P/E ratio for the general equipment manufacturing industry is 41.12 times, while the company's A-shares have a latest rolling P/E ratio of 441.98 times, significantly higher than industry levels. The company advises investors to pay attention to secondary market trading risks, make rational decisions, and invest prudently.
In the latest announcement, Shanghai Highly(Group)Co.,Ltd. once again clarified market speculation regarding company restructuring and shell arrangements. In an anomaly announcement issued in August this year, the company also explicitly stated that neither the company nor its controlling shareholders currently have any major matters affecting abnormal stock price fluctuations, nor any undisclosed material information that should be disclosed, including but not limited to planning major asset restructuring, share issuance, major transactions, business reorganization, share buybacks, equity incentives, bankruptcy reorganization, major business cooperation, or introduction of strategic investors.
Shanghai Highly(Group)Co.,Ltd. primarily operates in two main businesses: heating and cooling related solutions and core components, and automotive parts. The heating and cooling related solutions and core components business mainly involves R&D, production and sales of refrigeration rotary compressors, refrigeration motors and castings. The automotive parts business mainly involves R&D, production and sales of automotive thermal management systems and key component products.
As of June 30 this year, Shanghai Highly(Group)Co.,Ltd. had a total of 117,100 shareholders.
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