SCG warns of trading risks as gold business revenue accounts for a low proportion

According to the Zhitong Finance APP, Shanghai Construction Group (600170.SH) announced that the cumulative deviation of the daily closing price increase of its stock reached 20% over two consecutive trading days on September 16 and September 17, 2025, which constitutes an abnormal fluctuation in stock price. The announcement stated that the short-term increase in the trading price of the company's stock is significant, which may indicate overheated market sentiment and irrational speculation. On September 17, the turnover rate of the company's stock was high, reaching 24.68%, with a noticeable increase in volume, and the "hot potato" effect was very evident, posing significant trading risks and the possibility of a rapid decline at any time. Recently, media reports indicated that the company's 60%-owned subsidiary, Zara Mining Co., Ltd., received good news regarding the Koka gold mine, with an increase in gold resource reserves. Upon investigation, the aforementioned information was derived from the company's announcement on August 27, 2020, regarding the gold resource of Zara Mining Co., Ltd. This information is previously disclosed and does not constitute recent information. The revenue from the company's gold business accounts for a low proportion of the company's operating income, historically not exceeding 0.5% of operating income, which has a minimal impact on the company's production and operations. Additionally, the mining period for the gold project is long, with significant uncertainties regarding ore grades and annual mining output, as well as unstable factors related to the overseas environment and policies