Securities Code: 001258
Bond Code: 524699.SZ
Securities Abbreviation: Lixin New Energy
Bond Abbreviation: 26 Lixin GK1
Announcement Number: 2026-049
Xinjiang Lixin New Energy Co., Ltd.
Announcement on Abnormal and Severe Abnormal Fluctuations in Stock Trading
The Company and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Key Information Prompt:
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Xinjiang Lixin New Energy Co., Ltd. (hereinafter referred to as the "Company") experienced cumulative price deviation values exceeding 20% for two consecutive trading days on July 23, 2026, and July 24, 2026. From July 15, 2026, to July 24, 2026, the cumulative price deviation value for eight consecutive trading days exceeded 100%. In accordance with the "Trading Rules of Shenzhen Stock Exchange," this constitutes abnormal and severe abnormal fluctuations in stock trading. Investors are advised to be aware of trading risks.
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The Company's stock experienced a cumulative price deviation value of 106.82% for eight consecutive trading days from July 15, 2026, to July 24, 2026. As of July 24, 2026, the Company's trailing P/E ratio was 479.5, and its price-to-book ratio was 3.98, significantly higher than the industry average for electricity, heat production, and supply (D44) (20.17/1.64). The Company's stock price has risen rapidly recently with a significant cumulative increase, substantially outperforming the industry and the Shenzhen Component Index during the same period. There is a risk of market overheating and irrational speculation. Trading risks are significant, with the potential for rapid declines at any time. The Company solemnly reminds investors to make rational decisions, invest prudently, and be aware of secondary market trading risks.
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Electricity prices are expected to decline in the short term. Affected by the deepening of electricity system reform and policies such as the phasing out of renewable energy subsidies, new energy electricity has fully entered the electricity market trading, and the proportion of market-based transactions is continuously increasing. The prices of electricity in the spot and medium-to-long-term markets are influenced by supply, demand, and bidding mechanisms, leading to a short-term decline in electricity prices. If the scale of market-based transactions further expands and electricity prices continue to fall, the Company's average on-grid electricity price may decline, adversely affecting its operating performance. Investors are advised to be aware of investment risks.
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The net profit attributable to shareholders of the listed company for the first half of 2023, the first half of 2024, and the first half of 2025 were RMB 100.0413 million, RMB 91.0544 million, and RMB 8.9517 million, respectively. The Company's projected profit for the first half of 2026 is RMB 60 million to RMB 80 million, which is still lower than the net profit levels for the first half of 2023 and 2024. Mid-term profitability has not yet recovered to historical highs.