STOCKS | Fuxin Technology Says Shares Hit Severe Abnormal Volatility After 10-Day Surge

Fuxin Technology said its shares met the threshold for severe abnormal trading volatility after a sharp rise over 10 trading days. According to Jin10, the company said in an abnormal fluctuation announcement that the cumulative deviation in its closing-price gains reached 100% during the 10-trading-day period from June 9, 2026, to June 16, 2026. The company said it has noticed recent market rumors involving bismuth telluride materials and the pricing of its products. After an internal review, Fuxin Technology said its market environment, industry policies, and competitive landscape have not seen major changes. It added that it has not recently added major customers in the communications sector and has not obtained new large-value orders. Fuxin Technology said it produces bismuth telluride materials using purchased tellurium metal and bismuth metal. It said the bismuth telluride materials used in its MicroTEC products do not require elemental tellurium or bismuth raw materials with purity of 6N grade or above. The company said its supply chain remains stable and has not undergone major changes. It also said MicroTEC product prices have been stable and that there has been no price increase. Fuxin Technology said market rumors forecasting its product prices lack an objective basis.