HIKING: The stock has risen more than 12% for three consecutive days

HIKING announced that the closing price of the company's stock has deviated by more than 12% cumulatively over three consecutive trading days from October 15 to 17, 2025, which falls under the abnormal trading fluctuations as stipulated by the Shanghai Stock Exchange Trading Rules. The net profit attributable to shareholders of the listed company for 2024 was -134 million yuan, a decrease of 354.59% compared to 2023. The net profit attributable to shareholders of the listed company for the first half of 2025 was 12.8672 million yuan, a decrease of 39.45% compared to the same period last year. The company's controlling shareholder and its concerted parties collectively hold 186 million shares, accounting for 43.28% of the total shares of the company, with a total of 185 million shares pledged, accounting for 99.64% of their total holdings and 43.13% of the total shares of the company. The pledge ratio of the controlling shareholder and its concerted parties is relatively high. The controlling shareholder and its concerted parties collectively hold 186 million shares, of which 612,400 shares are judicially frozen and 185 million shares are judicially marked, accounting for 99.97% of their total holdings and 43.27% of the total shares of the company. There is a risk of being subject to delisting risk warnings