TREE NEWS update: China’s Mindong Electric said its shares rose 100.02% in cumulative deviation over 10 consecutive trading days, climbing from 10.43 yuan on Sept. 9, 2026 to 20.91 yuan on Sept. 22, while fundamentals were unchanged. First-half 2026 revenue fell 17.65% to 237 million yuan and net profit attributable to shareholders dropped 58.68% to 29.41 million yuan. The company said it has no computing-power/grid coordination, green power direct-connection or smart-grid business, its virtual power plant is not yet commercialized, and its offshore wind projects have generated no revenue.
Mindong Electric Warns Stock Up 100% in 10 Days Despite Profit Slump
AI take
The gap between the rally and the disclosed fundamentals is the story: a doubling in ten sessions against a double-digit revenue decline and a sharper profit drop, with the company itself ruling out the themes most likely driving the move. By explicitly disowning computing-power/grid coordination, green power direct-connection and smart-grid exposure, and noting its virtual power plant is not commercialized and offshore wind has produced no revenue, Mindong Electric is drawing a line between narrative and operations. The open question is whether the speculative bid persists once that clarification is fully absorbed, and whether comparable disclaimers emerge from other names riding the same themes.
Generated by AI for reference only.
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