002428SZSE

Announcement on Abnormal Stock Trading Fluctuations

✨ AI Summary

Yunnan Lincang Xinyuan Germanium Industry Co., Ltd. announces abnormal stock trading fluctuations due to a significant price increase. The company clarifies its business operations, financial performance showing a decline in net profit for 2025 and Q1 2026, and highlights risks including high P/E ratios, market overheating, and potential export control impacts. Investors are advised to make rational decisions.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· gemini_document

Stock Code: 002428 Stock Abbreviation: Yunnan Germanium Announcement Number: 2026-031

Yunnan Lincang Xinyuan Germanium Industry 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. As of May 12, 2026, the static P/E ratio for the non-ferrous metal smelting and rolling processing industry (C32) among China's listed companies was 31.91, the trailing P/E ratio was 26.40, and the price-to-book ratio was 3.31. The Company's static P/E ratio was 3287.97, the trailing P/E ratio was 3476.46, and the price-to-book ratio was 45.09 (data from the official website of Wind Information). The Company's P/E and price-to-book ratios are significantly higher than the industry average, indicating a risk of market overheating and irrational speculation. The Company solemnly reminds investors to make rational decisions, invest prudently, and pay attention to the risks of secondary market trading.

  2. In 2025, the Company's net profit attributable to shareholders was 20.146 million yuan, a year-on-year decrease of 62.06%. The net profit attributable to shareholders after deducting non-recurring gains and losses was -6.8067 million yuan, a year-on-year decrease of 126.02%. In the first quarter of 2026, the Company's net profit attributable to shareholders was 9.1071 million yuan, a year-on-year decrease of 10.71%. The net profit attributable to shareholders after deducting non-recurring gains and losses was 4.8470 million yuan, a year-on-year decrease of 32.14%. Investors are requested to pay close attention to the Company's performance decline in 2025 and the first quarter of 2026. For a detailed analysis of the reasons for the performance decline, please refer to the "Management Discussion and Analysis" in Chapter 3 of the "2025 Annual Report" and the "Main Accounting Data and Financial Indicators Changes and Reasons" section of the "2026 First Quarterly Report." Investors are urged to conduct rational analysis, make prudent decisions, and be aware of investment risks.

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.