002374SZSE

Announcement on Abnormal Stock Trading Fluctuations

Zhongrui Co., Ltd.·

✨ AI Summary

This announcement addresses the abnormal stock trading fluctuations of Shandong Zhongrui Industrial Development Co., Ltd. The company confirms no material undisclosed information exists. It highlights risks including market overheating, irrational speculation, and potential stock price declines. Financial performance shows a net loss in 2025 and Q1 2026, with risks in the packaging business due to weak consumer demand and volatile raw material prices. Significant outstanding receivables from landscaping projects pose a severe financial burden.

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Securities Code: 002374 Securities Abbreviation: Zhongrui Shares Announcement Number: 2026-038

Shandong Zhongrui Industrial Development Co., Ltd. Announcement on Abnormal Stock Trading Fluctuations

The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.

Special Reminders:

  1. The Company's fundamentals have not undergone major changes. The abnormal stock price fluctuation indicates market overheating, risk of irrational speculation, and risk of a rapid stock price decline in the short term. Investors are urged to invest rationally and be aware of investment risks.

  2. The Company's main business is currently packaging technology, which has not changed. In 2025, the Company's operating revenue was 557 million yuan, a year-on-year decrease of 12.43%. The net profit attributable to shareholders of the listed company in 2025 was -255 million yuan. In the first quarter of 2026, the operating revenue was 134 million yuan, a year-on-year decrease of 2.96%. The net profit attributable to shareholders of the listed company was -121 million yuan, a significant year-on-year decrease. Due to the continued sluggish domestic liquor consumption and significant fluctuations in raw material aluminum prices, there is a risk of further decline in the operating performance of the packaging business in the future.

  3. As of the end of 2025, the book value of the Company's landscaping receivables was approximately 3.984 billion yuan, of which approximately 3.033 billion yuan was uncollected. These are mainly concentrated in areas such as Anshun and Zunyi in Guizhou. Some of these overdue payments have not been repaid since 2018, which has had a serious negative impact on the Company's operations and capital. The Company has been actively pursuing the collection of these overdue payments, but since 2018, the overdue payments in Anshun and Zunyi have not been repaid. If these receivables continue to be delayed, it may further increase the burden on the Company's operations and capital turnover.

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