Yasheng Group with 4 consecutive limit-ups: Company has not obtained relevant mining qualifications nor engaged in mining-related business

On March 4, 2026, Yasheng Group issued an abnormal stock trading volatility announcement clarifying that its main business is agriculture. The company's wholly-owned subsidiary Gansu Yasheng Yuerhong Mining has not obtained mining qualifications since 2012 and has not conducted any mining-related operations. This announcement responds to the company's stock experiencing a cumulative deviation of 20% over two consecutive trading days (March 3-4), which may be related to market misunderstandings or speculation about its involvement in mining. The company simultaneously disclosed revenue of 23.44 billion CNY (approximately 3.39 billion USD) and net profit of 35.2479 million CNY (approximately 5.09 million USD) for the first three quarters of 2025. This clarification directly impacts market expectations and aims to correct inaccurate information.