Demingli Hits Limit-Up at 390.04 RMB; Chairman Pledges 12-Month No-Sale; H1 Net Profit 5.7-6.5 Billion RMB
Demingli (001309. SZ) hit the daily limit-up at 390.04 RMB on July 30, after Chairman Li Hu pledged not to reduce his 35.01% stake for 12 months from July 27, 2026. The company also forecast first-half net profit of 5.7 billion to 6.5 billion RMB. The stock had fallen sharply with seven limit-down days in the prior two weeks, following a record high of 980 RMB on June 29, when its market value topped 220 billion RMB. From September 2025 to end-June 2026, the stock had surged over 1,000%.
On July 30, Demingli (001309. SZ) surged sharply during trading, hitting the daily limit-up, and was last trading at 390.04 RMB per share, with a market capitalization of about 88.48 billion RMB. The company's controlling shareholder and chairman, Li Hu, voluntarily pledged that from July 27, 2026, for a period of 12 months, he would not reduce his holdings of the company's shares in any manner. As of the disclosure date of the announcement, Li Hu held 35.01% of the company's shares. The company also preliminarily forecast first-half net profit of 5.7 billion to 6.5 billion RMB. From July 13 to July 29, Demingli's share price continued to decline, with seven limit-down days in 13 trading sessions. On June 29, the stock hit an all-time high of 980 RMB per share during trading, and its total market value briefly exceeded 220 billion RMB. From September 2025 to the end of June 2026, the stock's cumulative gain exceeded 1,000%.