Huatian Technology shares hit the daily limit, closing at 23.11 yuan, implying a
market value of 76.8 bln yuan; the stock ranked first on A-share discussion
lists. The company said production and operations are normal and it is unaware
of the cause of the price move. In response to online claims that much of 1H
profit came from stock trading, the company said the roughly 460 mln yuan gain
was from an investment made before the investee’s IPO and was recorded as
non-recurring income.
