China Stock of the Day | Kabutaro & Friends

Zhineng Education<003032>, a stock nicknamed a market "ghost stock" tied to AI applications and embodied intelligence hype, was the Chinese stock most talked about online on August 13, 2026.
Background: Starting July 24, 2026, short-term speculative money piled into the stock on buzz around its AI talent-training and "embodied intelligence" courses, driving nine daily limit-ups over 13 trading days for a cumulative gain of 136.01 percent, closing at RMB 12.91 on August 12, 2026 with a market cap of RMB 5.196 billion. On the evening of August 12, the company disclosed a risk notice stating it had been placed under focused monitoring by the Shenzhen Stock Exchange and clarifying that, aside from its AI talent-training business, its embodied-intelligence-related activities had generated no actual revenue or profit. Following this, on August 13, 2026 the stock plunged after the open and hit its daily limit-down, falling 9.99 percent to close at RMB 11.62, with trading value of RMB 1.118 billion and a turnover rate of 32.88 percent. The company's disclosure also noted its static P/E ratio of -57.44x diverged sharply from the education industry average of 40.15x. The dramatic reversal from speculative surge to sudden crash drew heavy online discussion as a textbook "ghost stock" episode.