Shandong Molong Petroleum Machinery Company Limited Reports Unusual A Share Price Movement
Key Highlights
- Significant Share Price Volatility: The A shares of Shandong Molong Petroleum Machinery Company Limited (“the Company”) experienced a cumulative closing price increase exceeding 20% over two consecutive trading days (2 and 3 March 2026). This abnormal movement triggered an official investigation as required by the Shenzhen Stock Exchange’s Trading Rules.
- No Material Undisclosed Information: The Company’s Board has confirmed, after inquiries with controlling shareholders and the de-facto controller, that there is no undisclosed material information that could have caused the unusual price movement.
- No Significant Changes or Events: The Company reports that there have been no major changes in its production, operations, or environment, nor have there been any discloseable but undisclosed material events.
- No Recent Trading by Major Shareholders: The controlling shareholders and de-facto controllers did not trade Company shares during the period of the unusual price movement.
- Results Estimation for 2025 Unchanged: The Company reiterates that its previously published results estimation for the year 2025 remains unchanged as of this announcement.
Detailed Information for Investors
Unusual Trading Activity: The Company’s A shares surged by more than 20% cumulatively across two days, a movement that is considered abnormal under the Shenzhen Stock Exchange’s rules. Such price volatility often draws attention from both regulators and investors, prompting a formal review to ensure market integrity and transparency.
Verification Process: The Board of Directors launched a comprehensive verification, including direct inquiries with controlling shareholders and de-facto controllers. The outcome confirmed the following:
- All previously disclosed information is accurate and requires no corrections or supplements.
- The Company is not aware of any media reports or undisclosed information that could have materially impacted its share price.
- No major changes have occurred in its operational or external environment that would justify such price movements.
- There are no undisclosed material events or plans, and the major shareholders have not traded the Company’s shares during the period in question.
Disclosure and Transparency: The Board affirms there are no discloseable but undisclosed events as per the Shenzhen Stock Exchange’s Listing Rules. Additionally, there are no ongoing discussions, plans, or agreements that would materially affect share prices.
Shareholder and Investor Guidance
- The Company has not breached any fair disclosure requirements.
- The “Results Estimation for Year 2025” published on 29 January 2026 (announcement no.: 2026-004) remains valid, and no circumstances have arisen requiring its revision. Investors should note that this is a preliminary estimate and the final performance will be disclosed in the 2025 annual report.
- Investors are reminded that official information is only published on the Company’s designated disclosure platforms: China Securities Journal, Shanghai Securities News, Securities Daily, Securities Times, and the CNINFO website (www.cninfo.com.cn).
- The Board urges all investors to exercise caution and remain aware of potential investment risks given the recent price volatility.
Board Composition
The current Board of Directors includes Executive Directors Mr. Han Gao Gui (Chairman), Mr. Yuan Rui, Mr. Wang Tao, and Mr. Song Guang Jie; Non-executive Directors Mr. Huang Bing De and Ms. Zhang Min; and Independent Non-executive Directors Mr. Zhang Zhen Quan, Mr. Dong Shao Hua, and Mr. Zhang Bing Gang.
Conclusion
Price-Sensitive Takeaway: While the Company’s shares have demonstrated significant and unexplained price volatility, the Board confirms there is no undisclosed or pending material information that would account for this movement. Investors should rely on official disclosures and exercise caution, as the share price could be subject to speculative forces or market rumors not grounded in Company fundamentals.
Disclaimer: This article is prepared for informational purposes only and does not constitute investment advice. Investors should perform their own due diligence and consult professional advisors before making investment decisions. The Company has not announced any new material developments that would impact share value as of the date of this article.
