① Das Intellisys (002421.SZ) surged with eight daily trading limits within 13 days and issued three announcements on stock trading abnormal fluctuations in just three weeks, stating its business does not involve liquid cooling or robotic components; ② As of June 2, Das Intellisys has appeared on the Dragon & Tiger List 12 times in the past month.
June 2 (Reporter Fu Jing, Caixin Link): Das Intellisys (002421.SZ), which has been associated with market-favored concepts such as liquid-cooled servers, AI applications, and physical AI, recorded eight daily trading limits in 13 days and has issued three announcements regarding abnormal stock trading fluctuations within just three weeks.
In a post-market announcement today, Das Intellisys reiterated that, upon verification, its recent operational status and internal and external business environment have not undergone—and are not expected to undergo—any significant changes. The company noted that its current businesses related to widely discussed concepts such as AIoT, liquid cooling, and intelligent robotics are insufficient to materially impact its operations.
It is reported that last year, the contracted amount for Das Intellisys’ AIoT platform and AI applications totaled RMB 78.4714 million, representing a relatively small proportion of its total revenue. Additionally, the company is not involved in the production or manufacturing of components related to liquid cooling or robotics.
The company stated that its stock price has risen significantly since May 15 (note: up nearly 40% as of the close on June 2), substantially outpacing the industry average over the same period. Given the considerable short-term cumulative gains, there is a risk of overheated market sentiment and irrational trading. The company urges investors to exercise rational judgment, invest prudently, and be mindful of investment risks.
As of June 2, Das Intellisys has appeared on the Dragon & Tiger List 12 times in the past month.
On May 22, Das Intellisys hit the daily trading limit with a turnover rate of 32.32% and a trading volume of RMB 2.694 billion; the ‘Foshan Group’ of speculative traders topped the buy-side list with a net purchase of RMB 239 million. On May 25, the ‘Foshan Group’ topped the sell-side list with a net sale of RMB 264 million. Today, Das Intellisys reappeared on the Dragon & Tiger List, closing at RMB 4.97 per share, up 9.96%, with a deviation value of 28.20%, a turnover rate of 28.66%, and a trading volume of RMB 2.74 billion.
Das Intellisys’ core business involves providing customers with full-lifecycle smart services based on its self-developed AIoT (Artificial Intelligence of Things) platform, smart terminal products, and related application systems. Its products and solutions are applied in enterprise campuses, hospitals, urban rail transit, data centers, and computing power centers.
Last year, Das Intellisys reported revenue of RMB 2.025 billion, down 36.15% year-over-year, and a net loss attributable to shareholders of RMB 653 million, swinging from profit to loss. The company attributed its performance shift primarily to two factors: first, the disposal of risks associated with the Hongze PPP project during the reporting period led to an asset impairment loss of RMB 284 million; second, project revenue fell short of expectations during the period, compounded by adjustments to certain projects, resulting in an overall decline in performance and a net loss.
On November 3 last year, after market hours, Das Intellisys announced that its actual controller and chairman, Liu Pang, was placed under investigation and subjected to compulsory measures. However, as of the announcement date, the company had not been informed of the progress or conclusions of the investigation. On December 31 last year, Das Intellisys disclosed that it had received notification from the relevant supervisory authority that compulsory measures against Liu Pang had been lifted. Liu Pang has since resumed his duties, and the operations of the company and its subsidiaries remain normal.