Home » [异常波动]Clai Mechanical and Electrical (603960): Announcement of abnormal fluctuations in Clai Mechanical and Electrical stock trading and major risk warning – CFi.CN China Finance Network

[异常波动]Clai Mechanical and Electrical (603960): Announcement of abnormal fluctuations in Clai Mechanical and Electrical stock trading and major risk warning – CFi.CN China Finance Network

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Kelai Electromechanical, a company listed on the Shanghai Stock Exchange, has issued a major risk warning announcement due to abnormal fluctuations in its stock trading. The company’s stock price has been at the daily limit for 13 consecutive trading days since January 31, 2024, with a significant increase and large deviation value.

According to the announcement, the company’s stock trading is characterized by abnormal fluctuations, leading to risks of overheating market sentiment and irrational speculation. The risk of large stock price increases in the short term and significant fluctuations in the later period is also highlighted. The price-to-earnings ratio and price-to-book ratio of Kelai Electromechanical are significantly higher than comparable companies in the same industry, indicating potential market risks.

Additionally, the announcement warns investors of continued intensification of market competition in the field of intelligent equipment manufacturing. The company’s revenue is small, and its market share does not have a leading position, posing greater market competition risks. The risk of declining orders for its smart equipment business is also mentioned, with fluctuations in operating performance due to cyclical fluctuations in fixed asset investment in downstream industries.

Furthermore, the company has paid attention to rumors linking it to the new productivity concept stock. The company clarifies that its main business remains in smart equipment and auto parts, which belong to the traditional manufacturing field. Investors are advised to invest rationally and be aware of investment risks associated with market rumors and speculation.

The board of directors of Kelai Electromechanical assures that there are no undisclosed matters that should be disclosed and commits to transparent information disclosure. Investors are reminded to make rational decisions, invest prudently, and follow updates through designated media sources.

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