Qingyun Technology: Abnormal fluctuations in stock price and multiple operational risks warned.

Qingyun Technology announced that the closing prices of its stock on July 31, August 3, and August 4, 2026, had a cumulative price increase deviation exceeding 30% over three consecutive trading days, which constitutes abnormal fluctuation. After a self-examination, the company stated that its operations are normal, with no significant changes, and there are no undisclosed matters that should be disclosed. At the same time, it issued a risk warning. As of December 31, 2025, the company's net assets attributable to shareholders were 21.5125 million yuan. If business performance does not improve, it may lead to negative net assets, triggering delisting warnings. The net profit attributable to shareholders for both 2025 and the first quarter of 2026 is negative, and the main business remains under pressure. In 2025, the asset-liability ratio reached 93.38%. If the company cannot achieve break-even in 2026, it will face financial strain.