Multiple brokerages issue risk warnings for Jiamei Packaging, closing nearly 2% lower at midday

On the morning of March 11, multiple brokerages issued risk warnings for Jiamei Packaging (002969). The Eastmoney APP shows that this action involves securities related to notifications, risk alerts, and SMS messages sent by the exchange to securities firms.

Several investors have reported that brokerages, including Orient Securities and Guotai Huatong Securities, issued relevant risk warnings through important notices.

Orient Securities stated that the stock price of Jiamei Packaging has seriously deviated from its fundamentals, with risks of overheated market sentiment and irrational speculation. Currently, the stock has been listed as a key monitoring security by the Shenzhen Stock Exchange. In response to abnormal trading behaviors that may disrupt normal trading order during transactions, the Shenzhen Stock Exchange has taken self-regulatory measures such as suspending trading for relevant investors. The exchange will strictly identify abnormal trading behaviors of the securities mentioned above and, depending on the situation, may take measures such as classifying accounts as key monitoring accounts, suspending investor account trading, or restricting investor account trading. Investors are advised to invest rationally and trade prudently.

Guotai Huatong Securities also stated, “Jiamei Packaging” (002969) has experienced a significant short-term increase with abnormal fluctuations. The exchange will focus on monitoring trading behaviors of the above securities. Investors are reminded to pay particular attention to the risks of secondary market trading of these securities, avoid blind speculation, and refrain from false declarations, price manipulation, maintaining price limits, self-trading, or trading with counterparties in abnormal manners. Investors should invest rationally and trade prudently and in compliance. The exchange will strictly identify abnormal trading behaviors of the securities mentioned above and, depending on the situation, may take measures such as classifying accounts as key monitoring accounts, suspending investor account trading, or restricting investor account trading.

The Eastmoney APP’s Key Monitoring Securities section shows that this action involves securities related to risk alerts and notifications sent by the exchange to securities firms. Monitoring started on March 11 and is expected to end on March 24.

Previously, after the announcement of the change in control of Jiamei Packaging, its stock price soared, increasing fourfold over 26 trading days.

The rapid rise in Jiamei Packaging’s stock price was driven by Yu Hao, founder of Zhunmi, investing nearly 2.3 billion yuan to acquire a stake. This transaction has, on one hand, sparked market expectations of “empowering traditional production lines with intelligent manufacturing technology,” and on the other hand, it is possible that external expectations exist regarding future asset injections under Yu Hao’s control.

On January 25, Jiamei Packaging announced that its stock price increased by 408.11% from December 17, 2025, to January 23, 2026. During this period, the stock experienced multiple abnormal fluctuations, with a large short-term price increase that deviated from the company’s fundamentals. To protect investors’ interests, the company announced it would suspend trading for investigation of the stock’s volatility.

After a five-day trading suspension starting January 26, Jiamei Packaging resumed trading. Its stock price jumped from 23.17 yuan per share before suspension to a high of 33.54 yuan per share, a 44.76% increase. Since February 13, the stock price has declined, reaching a low of 19.95 yuan per share on March 4, completely erasing the post-suspension gains. It then rebounded, closing at 25.91 yuan per share on March 10.

On the morning of March 11, Jiamei Packaging’s stock temporarily rose by 8.8% during trading, but then declined sharply, falling 1.97% at midday to close at 25.4 yuan per share.

Some investors stated that they saw the brokerage notifications too late; the gains had already been halved, but they still resolutely sold.