Quectel: Abnormal Stock Price Fluctuation, No Undisclosed Major Matters

36Kr learned that Quectel announced its shares recorded a cumulative closing price deviation of 20% over three consecutive trading days from November 2 to November 4, 2026, constituting an abnormal stock trading fluctuation. After internal checks and written confirmation from the controlling shareholder and actual controller, the company said that as of the announcement date, there were no undisclosed major matters that should have been disclosed. The company stated that its production and operations are normal and that there have been no significant changes in its internal or external business environment. In the first three quarters of 2026, it achieved operating revenue of 23.799 billion yuan and net profit attributable to shareholders of 1.212 billion yuan. Investors are reminded to be mindful of trading risks in the secondary market and to make rational decisions and invest prudently.