Shanghai Construction Group (600170.SH) Issues Trading Risk Warning as Gold Business Revenue Represents Low Proportion

Stock News09-17

Shanghai Construction Group Co.,Ltd. (600170.SH) announced that the company's stock experienced abnormal price fluctuations, with cumulative price deviation reaching 20% over two consecutive trading days on September 16 and 17, 2025.

The announcement stated that the company's stock price has risen significantly in the short term, potentially indicating overheated market sentiment and irrational speculation. On September 17, the company's stock turnover rate reached 24.68%, showing significant volume expansion with an obvious "hot potato" effect, creating extremely high trading risks and the possibility of rapid decline at any time.

Recent media reports mentioned positive news regarding the Koka gold mine owned by Zara Mining Company, a 60%-owned subsidiary, with increased gold reserves. Upon verification, this information originated from the "Announcement on Gold Mine Resources of Zara Mining Company" disclosed by Shanghai Construction Group on August 27, 2020. This information was previously disclosed and does not constitute recent developments.

The company's gold business revenue accounts for a relatively low proportion of total operating revenue, consistently below 0.5% annually, having minimal impact on the company's production and operations. Moreover, gold mining projects have lengthy extraction periods, with significant uncertainties regarding ore grade and annual production output, along with unstable environmental and policy factors in overseas operations.

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