Cross-Border通: 2026 Semi-Annual Performance Forecast
Cross-Border Pass: First Quarter Report for 2026
Cross-Border Pass: 2025 Annual Report
Cross-Border Pass: Summary of the 2025 Annual Report
Kuajingtong: 2025 Annual Performance Forecast
Cross-Border Connect: Estimated net loss for 2025 between 390 million yuan and 490 million yuan
Gelonghui News, January 30 | Cross-border Connect announced that the estimated net loss for the fiscal year 2025 will be between RMB 3.9 billion and RMB 4.9 billion. The estimated operating revenue is between RMB 5.2 billion and RMB 5.6 billion. As of the end of this reporting period, the appraisal institution hired by the company conducted a preliminary evaluation and measurement of the goodwill formed by the acquisition of Shanghai Youyi E-commerce Co., Ltd., and identified the risk of goodwill impairment for Shanghai Youyi. In accordance with the relevant provisions of the Accounting Standards for Business Enterprises, the company has made provisions for goodwill impairment.
Express News | Cross-Border Commerce: Shenzhen Safu Commercial Co., Ltd., a wholly-owned subsidiary, has been petitioned for bankruptcy liquidation.
Express News | Cross-Border Express: Litigation Settled Amicably
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Litigation woes! Cross-Border Commerce faces an additional USD 1.8294 million in contractual guarantee disputes | Quick Read Announcement
① Cross-Border Connect has encountered one new lawsuit involving a guarantee contract dispute, with the amount in controversy reaching USD 1.8294 million (approximately RMB 12.94 million); ② Apart from the newly disclosed litigation and significant lawsuits announced this evening, as of the date of the announcement, there are 22 cases involving other litigations and arbitrations of Cross-Border Connect and its subsidiaries that have entered the enforcement stage, with an aggregate value of RMB 435 million.
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Dinglong’s ‘Shell Lease’ of Zhongyuan Co., Ltd.: An Atypical 'Asset-Light' Ownership Transfer
The greater the leverage, the greater the risk. Lead by Investor Network | Wu Wei, on October 30, 2025, Zhongyuan Co., Ltd. (300018.SZ) announced changes in the company's control rights, with its complex control rights transfer process drawing widespread market attention. The company’s new actual controllers, Zhu Shuangquan, Zhu Shunquan, and Zhu Mengxi, obtained control of this publicly listed company in the smart grid sector—known for its dispersed equity—through a combination of "secondary market purchases + voting rights delegation + joint action agreements + targeted share issuance." This approach differs from the typical A-share transaction model where premium acquisition of the original controller’s shares is followed by the delegation of voting rights.
KJT (002640.SZ): Shareholder Yang Jianxin has been subject to the forced execution of a total of 14,430,600 company shares.
Gelonghui, October 31 — Cross-Border Connect (002640.SZ) announced that as of the date of this announcement, Mr. Yang Jianxin, a shareholder of the company, and his acting-in-concert party, Xinyu Ruijing, have had a total of 14,430,600 shares compulsorily executed, accounting for 0.93% of the company's total share capital. On September 30, 2025, the company disclosed the 'Announcement on Judicial Transfer of Partial Shares of Shareholders and Equity Changes Reaching Integer Multiples of 1%'. As of the previous equity change date, the aggregate number of shares held by Mr. Yang Jianxin and his acting-in-concert party, Xinyu Ruijing, accounted for 5.89% of the company’s total share capital. Following this equity change, Mr. Yang Jianxin...
Cross-border Connect: Report for the third quarter of 2025
Cross-Border Commerce (002640.SZ): Net loss of RMB 16.825 million in the first three quarters
Gelonghui, October 28th ┃ Cross-Border Commerce (002640.SZ) announced its Q3 report. In the first three quarters, revenue amounted to RMB 4.018 billion, representing a year-on-year decrease of 4.30%. The company reported a net loss of RMB 16.825 million and a non-GAAP net loss of RMB 17.666 million, with basic earnings per share at -RMB 0.0109.
Express News | Summary of Shareholding Increases and Decreases on September 23
Cross-border Connect (002640.SZ): Yang Jianxin and his concerted parties plan to passively dispose of no more than 1% of shares.
Gelonghui, September 23rd丨Global Top (002640.SZ) announced that Mr. Yang Jianxin, a shareholder holding more than 5% of the shares, and his acting-in-concert party, Xinyu Ruijing Enterprise Management Service Co., Ltd. (“Xinyu Ruijing”), are subject to the forced execution of part of their shares in Global Top due to a securities repurchase contract dispute. Starting from the date of this announcement, within three months after 15 trading days, it is proposed to passively dispose of no more than 15,477,425 shares through centralized bidding, accounting for 1% of the company’s total shares (excluding the number of shares in the company’s repurchase special account). Within any continuous 90 calendar days, the centralized bidding transaction method will be used.
Express News | Cross-Border Connect: Due to a securities repurchase contract dispute, shareholders will be forced to reduce their holdings by no more than 1%.
Stock Trading Highlights | Cross-Border Commerce Rises 7.49%, SZSE Connect Records Net Purchase of 1.47 Billion Yuan, Three Major Retail Investors Make Net Purchases Worth 1.18 Billion Yuan
Gelonghui, September 16 | Cross-Border Communications (002640.SZ) surged 7.49% today, with a turnover rate of 34.86% and a trading volume of 3.257 billion yuan. Data from the top traders list shows that Shenzhen-Hong Kong Stock Connect purchased 191 million yuan worth of shares while selling 43.99 million yuan, resulting in a net purchase of 1.47 billion yuan. The speculative capital "Ningbo Santian Road" ranked second among buyers, with a net purchase of 42.55 million yuan; "Stock Trading to Support Family" ranked fourth among buyers, with a net purchase of 38.78 million yuan; "Quantitative Block Trading" ranked fifth among buyers, with a net purchase of 36.58 million yuan. (Gelonghui)
A-Share Midday Review: Shanghai Composite Down 0.1%, Humanoid Robotics and Unified Market Concepts Strengthen, Non-Ferrous Metals Sector Collectively Retreats
Gelonghui, September 16 — The three major indices of China's A-share market collectively fell during the morning session. As of the midday break, the Shanghai Composite Index dropped by 0.1% to 3856.45 points, the Shenzhen Component Index declined by 0.26%, and the ChiNext Index fell by 0.32%. Meanwhile, the Beijing Stock Exchange 50 Index rose by 0.06%. The half-day trading volume of the Shanghai, Shenzhen, and Beijing markets amounted to RMB 1.4981 trillion, representing a decrease of RMB 26.6 billion compared to the previous day, with over 2,300 individual stocks across the entire market experiencing declines. In terms of sector performance, the humanoid robot concept remained highly active, with Hanwei Technology hitting a 20cm limit-up, while Wanxiang Qichao, Riying Electronics, and DaYang Motor also surged to their daily trading limits. Unitree Robotics announced the open-sourcing of UnifoLM-WMA-0 yesterday. Additionally, the internet e-commerce sector posted notable gains.