Sinovation Technology released an announcement revealing that, between September 10 and 11, the company's stock closing price experienced a cumulative deviation exceeding 20% over two consecutive trading days. By September 11, the closing price had reached 23.51 yuan per share, with the latest trailing price-to-earnings ratio soaring to 494.16 times, significantly surpassing the industry average of 58.31 times.

Centered around the AI WorkForce platform, Sinovation Technology's AI application products offer services to both government and enterprise clients. These products are currently in the nascent stages of commercialization. It is anticipated that revenue generated from these products will constitute no more than 2% of the company's total revenue in the first half of 2026.

During the period of unusual stock price fluctuations, the company's controlling shareholder and actual controller refrained from engaging in any stock trading activities. Nevertheless, the concerted parties of the controlling shareholder, namely Guangdong Hongtu, Nanjing Hongtu, Kunshan Hongtu, and Zhengzhou Bairui, collectively divested 1.698 million shares, accounting for 0.9944% of the total share capital. The share reduction plan is still in progress.