Sept. 4 — Fuda Alloy shares plunged and briefly hit the daily limit down intraday, closing at 49.98 yuan, down 9.04%. The company said the decline reflects multiple factors and that a reduction by the controlling shareholder was previously disclosed; the recent sale was conducted under that prior reduction plan. Fuda said silver is a production raw material and it maintains advance inventories; silver price swings affect inventory valuation and earnings, and large silver volatility would impact

Sept. 4 — Fuda Alloy shares plunged and briefly hit the daily limit down intraday, closing at 49.98 yuan, down 9.04%. The company said the decline reflects multiple factors and that a reduction by the controlling shareholder was previously disclosed; the recent sale was conducted under that prior reduction plan. Fuda said silver is a production raw material and it maintains advance inventories; silver price swings affect inventory valuation and earnings, and large silver volatility would impact the product side. Per its 2026 interim report, the company's main business is electrical contact materials, core components for current and signal transmission in electrical equipment.