Minxin Co., Ltd.: Abnormal stock price fluctuations, first quarter revenue decline, and loss in profits.

Minxin Corporation announced that the company's stock had experienced abnormal fluctuations, with the closing price deviating by more than 30% for three consecutive trading days from June 29 to July 1, 2026. From June 12 to July 1, the stock price had increased by a total of 111.94%. As of June 30, both the rolling and static price-to-earnings ratios of the company were significantly higher than the industry average. In the first quarter of 2026, the company's revenue was 107.02 million yuan, a decrease of 20.70% compared to the same period last year, with a net loss of 10.36 million yuan, a decrease of 463.72% year-on-year. Additionally, the newly established joint venture of the company has yet to produce any products or generate revenue, with uncertainties remaining in research and development, mass production, and promotion.