Suzhou Longjie Special Fiber Co Ltd Experiences Stock Volatility
Suzhou Longjie Special Fiber Co Ltd, a company specializing in the production and distribution of imitation suede fibers, faux fur fibers, and other specialized materials, has recently experienced significant stock volatility. Listed on the Shanghai Stock Exchange, the company’s shares have seen notable fluctuations, drawing attention from investors and market analysts.
Stock Performance and Market Reaction
On June 9, 2025, the company’s stock closed at 18 CNH, with a 52-week high of 21.5 CNH on May 27, 2025, and a low of 6.55 CNH on September 17, 2024. The market capitalization stands at 3.38 billion CNH, with a price-to-earnings ratio of 58.63.
In recent trading sessions, Suzhou Longjie’s stock has been particularly volatile. On June 11, 2025, the company’s shares hit the upper limit, marking the third consecutive day of significant price increases. This surge followed a period where the stock’s closing price deviation exceeded 20% over two consecutive trading days, triggering a public announcement regarding the abnormal trading volatility.
Company Response and Investor Communication
In response to the unusual trading activity, Suzhou Longjie conducted an internal review and communicated with its controlling shareholders and actual controllers. The company confirmed that its operational status remained normal and that there were no undisclosed significant events that could have influenced the stock’s performance. The company also issued a risk warning to investors, advising them to be cautious of secondary market trading risks and the inherent risks in the company’s production and operations.
Product Applications and Market Position
Despite the stock volatility, Suzhou Longjie continues to focus on its core products, including bio-based PTT memory fibers, which are increasingly used in high-end sports apparel and industrial applications. The company’s commitment to innovation in fiber technology remains a key aspect of its market strategy.
Market Context
The broader market context during this period saw several other companies experiencing similar trading anomalies. Notably, companies like 昂利康 and 北矿科技 also reported significant price deviations, contributing to a heightened focus on market dynamics and investor behavior.
As the situation develops, investors and stakeholders are closely monitoring Suzhou Longjie’s stock performance and the company’s strategic responses to ensure stability and continued growth in its market segment.