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Sanrui Intelligence Technology Discloses No Material Changes to Explain Stock Surge

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Nanchang Sanrui Intelligence Technology (SHE:301696) cited no material changes for its recent stock price surge.

The unmanned aerial vehicles and robot power systems producer's closing price deviated by over 30% across three straight trading sessions from June 30 to July 2, according to a Friday filing with the Shenzhen bourse.

After self-examination, the company said it has no undisclosed material information, plans or negotiations that may have had a significant impact on its stock price. However, it disclosed a recent forecast of a between 52%-to-89% jump in H1 net profit.

Shares of Sanrui Intelligence Technology closed 4% higher Friday.

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