Guosheng Technology: Stock trading experiencing abnormal fluctuations, indicating multiple investment risks.

Guosheng Technology announced that the closing price of the company's stock on November 10-11, 2025, increased by more than 20% for two consecutive trading days. On the 12th, it closed at the limit up price, with large fluctuations. In the first three quarters of 2025, the company had a net profit of -151.04 million yuan and a non-net profit of -151.71 million yuan. Its secondary controlling subsidiary plans to increase capital by 230 million yuan in Tieling Global. In addition, the company's price-to-book ratio is higher than the industry average, with the controlling shareholder pledging 9.37% of the total share capital, reminding investors to pay attention to risks related to performance, trading, investment, and pledges.