STOCKS | Gongjin Shares Says High-Speed Switch Revenue Share Is Small After Three-Day Stock Surge

Gongjin Shares said its stock recorded an abnormal fluctuation after the cumulative deviation in closing-price gains reached 20% over three consecutive trading days on July 6, July 7, and July 8, 2026. According to Jin10, the company said it had checked its situation and found normal production and operations, with no major changes in the internal or external environment or in industry policies, and that its controlling shareholder had no material undisclosed information that should have been disclosed. The company said the data center switch concept had drawn market attention, but revenue from its 400G and 800G high-speed switch business accounted for a small share of its data communications business, with limited impact on short-term performance. Gongjin Shares also noted that its share-price increase and turnover rate were relatively high, and it reminded investors to pay attention to trading risks.