---
title: "HIKING: Abnormal fluctuations in stock price, no undisclosed significant information that should be disclosed"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/263703223.md"
description: "ST HIKING announced that due to the stock price rising more than 12% for three consecutive days from October 29 to 31, 2025, there has been an abnormal fluctuation. After self-examination, the company stated that its production and operation are normal, and there is no significant information that should be disclosed. The company warns of risks, including an expected net profit of -134 million yuan in 2024 and a year-on-year decrease of 60.93% in net profit for the first three quarters of 2025. The shareholding pledge ratio of the controlling shareholder is as high as 99.64%, and the shares are subject to judicial freezing"
datetime: "2025-10-31T09:43:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/263703223.md)
  - [en](https://longbridge.com/en/news/263703223.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/263703223.md)
---

# HIKING: Abnormal fluctuations in stock price, no undisclosed significant information that should be disclosed

HIKING announced that the company's stock price deviation exceeded 12% over three consecutive trading days from October 29 to 31, 2025, indicating abnormal fluctuations. After self-examination, the company confirmed that its production and operations are normal, with no undisclosed significant information that should be disclosed, and relevant personnel did not buy or sell the company's stock during the period of abnormal fluctuations. The company has highlighted multiple risks, including a net profit of -134 million yuan in 2024, and a net profit of 16.4404 million yuan in the first three quarters of 2025, a year-on-year decrease of 60.93%; the controlling shareholder and its concerted parties have a share pledge ratio of 99.64%, with shares being judicially frozen and marked; related parties have occupied funds of 406 million yuan, and the original repayment plan has been terminated

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