STOCKS | Shenzhen Zhonghua A Hits Limit Down Again as Company Responds to Share Price Drop

According to Jin10, Shenzhen Zhonghua A shares hit limit down again on September 11 after falling by the daily limit on the previous day, closing at 7.5 yuan per share, down 9.96%, with a cumulative monthly decline of 33.1%. The company said its gold-processing business serves non-end customers, covers procurement, design, production, and payment collection, and that inventory preparation for raw materials such as gold depends mainly on market conditions; it also said the impact of raw-material price swings on the business is subject to the company's announcements. The company added that although its full name remains Shenzhen Zhonghua Bicycle (Group) Co., Ltd., bicycle business now accounts for a very small share, while its main business is gold and silver jewelry processing, and it has no AI business revenue. Wind data showed that trading by brokerage seats listed on the Dragon and Tiger榜 totaled 91.3519 million yuan on the day, accounting for 16.32% of total turnover, with 34.9407 million yuan in buys, 56.4112 million yuan in sells, and a net sell of 21.4705 million yuan. The Oriental Securities Hangzhou Longjing Road Securities Department, where the well-known speculative trader known as "Zhang Mengzhu" is based, sold 15.8004 million yuan.