STOCKS | Suochen Technology Issues Notice After Unusual Share Price Moves

Suochen Technology released a notice addressing unusual movements in its share price. According to Jin10, the company said its recently implemented fundraising investment project—focused on building a core technology base for physical synthetic data and demonstrating applications across multiple scenarios—remains in the preparation stage. Suochen Technology said that if the fundraising-funded project cannot be carried out smoothly, if new technology development progresses below expectations, or if research and development encounters technical bottlenecks or fails, its operating performance could be affected. The company added that its physical AI business is still at an early stage of deployment. It said physical AI research requires significant investment and faces rapid technological iteration, creating risks that R&D progress may fall short of expectations and that core technologies may need to be updated. Suochen Technology also said there is uncertainty in expanding downstream application scenarios and achieving commercialization. It warned that if market demand, industry policies, or the competitive landscape change unfavorably, revenue and profit contributions from its physical AI business may come in below expectations.