---
title: "FU-AN: The joint venture subsidiary Shanghai FU-AN has not commenced business activities and has not invested funds"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/232561315.md"
description: "FU-AN announced that its joint venture subsidiary Shanghai FU-AN Jitie Technology Co., Ltd. has not yet commenced operations and has not invested any funds, with future business prospects being uncertain. At the same time, the company's stock has experienced consecutive trading limits, with a cumulative increase of 40%, but the trading risk is extremely high, market sentiment is overheated, and a rapid decline may occur at any time"
datetime: "2025-03-20T10:14:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/232561315.md)
  - [en](https://longbridge.com/en/news/232561315.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/232561315.md)
---

# FU-AN: The joint venture subsidiary Shanghai FU-AN has not commenced business activities and has not invested funds

According to the Zhitong Finance APP, FU-AN (603315.SH) announced that on March 19 and March 20, 2025, the cumulative deviation of the daily closing price increase exceeded 20% over two consecutive trading days, which constitutes an abnormal fluctuation in stock trading. The stock has been on a trading limit for four consecutive days, with a cumulative increase of 40%. The turnover rate is significantly higher than the industry level, and the company's stock trading price has recently experienced large fluctuations, indicating a possibility of overheated market sentiment and significant trading risks, with a potential for rapid declines at any time.

The company will establish a joint venture subsidiary, Shanghai FU-AN Jitie Technology Co., Ltd., in June 2024, primarily engaged in computing power equipment leasing. As of the date of this announcement, the subsidiary has not commenced any business activities, has not invested any funds, and has no related equipment, with considerable uncertainty regarding whether it will engage in related business in the future

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