Jiangsu New Energy Development Co Ltd: Stock Surge Amid Trading Volatility
Jiangsu New Energy Development Co Ltd, a company listed on the Shanghai Stock Exchange, has experienced significant trading volatility recently. On May 27 and 28, 2025, the company’s stock price surged, with the cumulative deviation in closing prices exceeding 20% over these two trading days. This surge follows a strong first quarter for the company, with reported revenues of 5.74 billion CNH and a net profit attributable to shareholders of 1.64 billion CNH.
The company’s stock, traded under the ticker SH603693, has been the subject of public notices due to these unusual trading fluctuations. On May 29, 2025, Jiangsu New Energy Development issued a public notice and a solicitation letter from its controlling shareholder regarding the abnormal trading volatility of its shares.
In the broader market context, the power sector showed partial activity on May 28, 2025. Notably, Guangdong Power’s A shares hit the upper limit, while Jiangsu New Energy’s shares were previously halted. Other power stocks, including Zhejiang New Energy and Leshan Power, saw significant gains, with increases of over 5% and 7%, respectively.
Earlier in the week, on May 27, 2025, the power sector experienced a midday rally, with Leshan Power and Jiangsu New Energy reaching the upper limit, while other stocks like Hunan Development and Xichang Power also saw gains.
In the ETF market, the Southern China Zhejiang Protection Theme ETF (517160) experienced a slight decline of 0.55% in the morning session on May 27, 2025. However, the biogas energy theme showed strength, with Jiangsu New Energy’s shares rising by 9.98%.
This period of volatility and growth highlights the dynamic nature of the energy sector, particularly for companies like Jiangsu New Energy Development, which focuses on wind and photovoltaic power generation projects. The company’s strategic positioning in the renewable energy market continues to attract investor interest, as evidenced by its recent trading performance.