An exceptionally large number of listed companies have issued warnings to investors regarding recent stock price movements.
On the evening of July 2nd, a total of 102 A-share companies released announcements concerning abnormal stock trading or risk alerts. The list includes a wide array of firms such as Xiangyuan New Material Co., Ltd, Crystal Optech Co., Ltd, Lihu Co., Ltd, Aishida Co., Ltd, Fulai New Material Co., Ltd, Mould-Tech Co., Ltd, Hes Gas Co., Ltd, and Lily Group Co., Ltd.
These companies addressed various market hotspots, including artificial intelligence (AI), robotics, tungsten hexafluoride, and photoresists for liquid crystal panels. They urged investors to view these topics objectively and rationally and to be mindful of associated investment risks.
AI Industry Chain Clarifications
Crystal Optech Co., Ltd stated that while market attention on its AI optics business has increased, this segment primarily involves optical storage and optical connection. Its optical storage business is currently in the pre-mass-production verification phase and has not generated sales revenue since 2025. Scaling up this business significantly will require more time due to lengthy product process validation cycles. The optical connection business focuses on five product categories but products like filters and silicon lenses are in the customer sampling stage, while more advanced products like glass substrates and waveguides are in early technical discussions, none of which have yet contributed to financial performance. The company noted that its core growth drivers in recent years have come from consumer electronics business with a major North American client. The AI optics business, as a key innovation initiative, has a long project implementation and earnings realization cycle, offering limited contribution to overall performance in the short term. As of July 2nd's close, its stock price was 39.02 yuan per share.
Lihu Co., Ltd announced that its AI liquid cooling project, which has garnered market interest, is still in preliminary preparation and has not yet generated sales revenue. Its stock closed at 11.83 yuan per share on July 2nd.
Robotics Sector Responses
Xiangyuan New Material Co., Ltd clarified that the piezoresistive foam (PU) and piezoelectric foam (IXPP) materials it produces for robot sensors are currently in the sample verification stage. No substantial sales have been made, and significant uncertainty remains regarding future revenue generation. Its share price closed at 33.50 yuan.
Aishida Co., Ltd stated that its main businesses are cookware, home goods, small appliances, and industrial robots. In 2025, revenue from the industrial robot segment was 309 million yuan, accounting for a small proportion of total revenue, and the segment is currently operating at a loss. The stock closed at 10.22 yuan per share.
Fulai New Material Co., Ltd addressed the high market focus on humanoid robot concepts, noting that its flexible sensor project revenue (unaudited) was 1.82 million yuan, an extremely low proportion of total revenue with no significant impact on its core business. The stock price closed at 34.32 yuan per share.
Mould-Tech Co., Ltd emphasized that its primary business remains plastic automotive exterior parts, with no major changes. It has only secured small-batch procurement orders for robot exterior cover parts, with the order value accounting for less than 0.1% of operating revenue, having a minimal impact on operating performance. Its share price closed at 16.87 yuan.
Clarifications on Specific Materials
Hes Gas Co., Ltd refuted online rumors claiming it exported 20 tons of tungsten hexafluoride in May. The company clarified in its 2025 annual report that its series of electronic special gas products, including electronic-grade tungsten hexafluoride, are still in the trial production phase at its industrial parks. Only a few gases have achieved sales, accounting for less than 5% of revenue. The trial production for stable mass production and capacity ramp-up requires considerable time, product certification cycles are long, and it has not yet obtained formal certification from major downstream semiconductor companies. It has not exported tungsten hexafluoride, secured any orders, or generated any performance from it, and does not expect a significant impact on operating results within the next 2 to 3 years. Its stock closed at 75.02 yuan per share.
Lily Group Co., Ltd confirmed that its related high-performance pigment products are used in photoresists for liquid crystal panels. However, in 2025, revenue from photoresist pigments accounted for only 0.084% of its total operating revenue. Its stock price closed at 61.22 yuan per share.
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