Beijing Cuiwei Tower Co., Ltd.
The Shanghai‑listed retailer Beijing Cuiwei Tower Co., Ltd. (stock code 603123) has experienced a sharp, regulatory‑grade spike in share price over the last two trading days of December 2025. On 16 December and 17 December, the closing price deviated by a cumulative 20 % from the average daily movement, an event that the company classified as abnormal trading under the Shanghai Stock Exchange rules.
Regulatory disclosure
In a formal notice dated 17 December, the board confirmed that:
- The two‑day abnormality is not linked to any undisclosed material event.
- Production and normal business operations have remained unchanged.
- There are no pending asset restructurings, share issuances, acquisitions, debt reorganisations or other transactions that would require disclosure.
The board reiterated that the company’s financial performance for the first three quarters of 2025 was a loss of ¥3.11 billion (after excluding non‑recurring items), a figure that had already been reported in the quarterly results.
Market context
The share’s volatility coincided with a broader rally in the inter‑connected “Internet‑finance” sector, which saw several peers reach or approach the daily limit. In the morning trading of 19 December, the “Internet‑finance” concept index gained nearly 10 %, with Cuiwei Tower’s stock topping the list and achieving a 10‑plus % intraday increase. Several other information‑technology and finance‑technology names – including Lian Di Information, Sifang Precision, Zhongke Jin Cai and Dongxin He Ping – also moved higher.
The surge in the sector can be traced to a market‑wide optimism about the next phase of China’s data‑center and artificial‑intelligence infrastructure, as well as a wave of institutional buying in fintech‑related stocks. The company’s own announcement that its “online sales services” are operating normally may have contributed to the positive sentiment among investors who view the firm’s multi‑channel retail model as a hedge against e‑commerce consolidation.
Investor reaction and risk considerations
The Shanghai Stock Exchange has issued a reminder to investors to exercise caution amid “abnormal trading” situations. The notice emphasised that the large price swings observed for Cuiwei Tower are likely influenced by market‑wide momentum rather than company‑specific catalysts. Investors are advised to monitor liquidity and volatility, as the 20‑day abnormal movement may lead to temporary price distortions.
The company’s market capitalisation of approximately ¥10.65 billion and a price‑to‑earnings ratio of ‑16.48 underscore the negative earnings trajectory. Although the firm’s diverse product portfolio – ranging from apparel and jewellery to household goods – provides cross‑segment revenue streams, the negative earnings and the recent abnormal price volatility could impact investor confidence until the firm demonstrates a turnaround.
Summary
Beijing Cuiwei Tower Co., Ltd. has announced a significant, two‑day abnormal price spike in its shares, confirmed to be free of undisclosed material events. The incident aligns with a broader rally in the Internet‑finance sector, where several peers have also posted strong gains. While the company’s business operations remain stable, the negative earnings profile and the recent volatility call for prudent monitoring by investors as the firm works toward a sustainable earnings recovery.
