Shanghai New Centurion Network Information Technology Co., Ltd. – Recent Developments
Share‑holding changes
On 12 September 2025, the company disclosed that its shareholder Shanghai Shenxiao Investment Center (Limited Partnership) had sold 1,627,100 shares through a combination of auction‑price and block‑trade transactions.
- The sale is part of a planned divestiture of no more than 2,440,700 shares (≈ 1.50 % of the total share capital).
- The divestiture period is set from 9 August 2025 to 8 November 2025; the sale announced on 12 September represents a partial implementation and is still ongoing.
The company confirmed that its business operations remain normal and that there are no undisclosed material events affecting its operations or external environment.
Corporate governance update
On the same day, the board of directors elected Ms. Sun Zhenghan as the new chairman, succeeding Ms. Sun Zhengyang.
- Ms. Sun Zhengyang will step down from the chairman position on 11 September 2025.
- Ms. Sun Zhenghan’s term as chairman will commence on 11 September 2025 and is scheduled to last until 24 June 2026.
- The board noted that the transition does not impact the company’s strategic direction or management team.
Stock‑price activity
The company’s shares experienced abnormal price movement in the period 10–12 September 2025.
- The cumulative deviation of the closing price from the 15‑day average exceeded 20 % over three consecutive trading days.
- According to Shanghai Stock Exchange rules, this qualifies as abnormal trading.
- The abnormality is attributed to the share‑holding change and the board transition rather than to any operational or financial event.
Market context
During the same trading session, the broader market saw a mix of gains and losses across sectors.
- The Shanghai Composite Index closed slightly lower (‑0.12 %) at 3,870.6 points.
- The Hang Seng and Shenzhen indices also declined, whereas the ChiNext index fell by 1.09 %.
- Several stocks, including Shanghai New Centurion Network, were part of the 3‑day cumulative abnormal movement, reflecting heightened volatility in the information technology and hardware sectors.
Company fundamentals
- Close price (11 September 2025): 39.4 CNY.
- 52‑week high: 54.42 CNY (12 February 2025).
- 52‑week low: 14.23 CNY (17 September 2024).
- Market capitalization: 6,411,026,408 CNY.
- Price‑earnings ratio: 665.24.
- The company provides IT services, including third‑party operation and maintenance, software and hardware supply, and development of software products.
Summary
Shanghai New Centurion Network Information Technology Co., Ltd. has undergone a shareholder divestiture and a board‑level leadership change on 12 September 2025. These events triggered abnormal trading in the stock price over the following three days. No operational or financial material events were reported, and the company continues to operate within its established IT services and product development scope.