According to Odaily, Lvde Harmonic released a stock trading anomaly notice on June 8, stating that its stock price rose cumulatively more than 30% over three consecutive trading days from June 4 to June 8, triggering abnormal trading classifications.
The stock surged 36% during the period, significantly outpacing the Shanghai Composite Index, which declined 3.05%, and the automation equipment industry index, which rose only 2.13%. The company warned investors of potential irrational speculation and noted no undisclosed material events or news that would account for the dramatic price movement.