According to Jin10, Jiu Mu Wang said its shares met the criteria for unusual trading volatility after the cumulative deviation in closing price gains exceeded 20% over three consecutive trading days on August 31, September 1, and September 2, 2026. As of the close on September 2, the company’s trailing price-to-earnings ratio was 33.84 times, well above the industry average trailing P/E ratio of 19.40 times. The company said its production and operations are normal, there are no major matters that should have been disclosed but were not, and its directors, supervisors, senior executives, controlling shareholder and actual controller did not trade the company’s shares during the period of unusual volatility. It also reported first-half 2026 revenue of 1.555 billion yuan, up 3.92% year on year, and net profit attributable to shareholders of 39.825 million yuan, down 77.15% year on year.