China Stock of the Day | Kabutaro & Friends

Hangzhou Bai Da Group<600865>, a department store, hotel and commercial property operator in Hangzhou, was the Chinese stock most talked about online on September 9, 2026.
Background: The stock hit its daily limit again that day for a fifth consecutive session since September 3, making it the A-share market's leading stock by number of consecutive limit-ups. Its cumulative gain from the September 2 close was 61.09%, with an average turnover rate of 8.46% over the period. In an announcement the same day, the company warned of overheated market sentiment and irrational speculation, said the sharp short-term gain carried a risk of subsequent decline, and stated that there had been no material change in its main business and no matters requiring disclosure that had not been disclosed. Factors cited by the market included a revaluation of the Hangzhou Department Store property it holds in the city's core commercial district, an 18.22% year-on-year increase in hotel business revenue, and gains from disposing of Bank of Hangzhou shares equivalent to more than 10% of the prior year's net profit. Its trailing P/E ratio stood at 206.48 times as of September 7. The Shanghai Composite rose 0.28% that day, with 48 stocks hitting their upper limit.