Phoenix Shipping said its shares met the Shenzhen Stock Exchange’s criteria for abnormal trading after the stock’s cumulative closing-price deviation exceeded 20% over two consecutive sessions on July 1, 2026, and July 2, 2026. According to Jin10, the company issued an abnormal fluctuation announcement noting that its existing fleet has a relatively small transport capacity. Phoenix Shipping said its production capacity and market share in the shipping industry are in the lower middle tier, and that its overall business scale is limited.
