STOCKS | Sunshine Shares Flags Unusual Trading After Three-Day Rally

Sunshine Shares said its stock recorded an unusual trading move after the cumulative deviation in closing-price gains reached 28.46% over three consecutive sessions from June 8 to June 10. According to Jin10, the company said in a filing that its core business remains commercial operations and property leasing, with no major changes. The company said it acquired 60% stakes in Sunshine Jinhui and Huaguang Information for CNY 100,000 on May 25, 2026, and established a wholly owned subsidiary, Sunshine Digital Technology, on June 3. It added that Sunshine Jinhui’s overall asset and operating scale is small, with total assets of about CNY 117,800 and net assets of about CNY 9,300 as of May 25, and that Sunshine Digital Technology has no actual operations. The company said these entities have no material impact on its overall assets, revenue, or profit. Sunshine Shares also disclosed risk factors, including a price-to-book ratio of 2.34 versus an industry average of 0.87. It reported first-quarter 2026 revenue of about CNY 62.21 million and a net loss of about CNY 23.47 million. The company said its cash balance was about CNY 29.01 million and noted liquidity pressure.