002943SZSE
🚨 Material Event

Announcement on Abnormal Stock Trading Fluctuations

Hunan Yujin Machinery Co., Ltd.··4 pages

✨ AI Summary

Hunan Yujing Machine Stock Co., Ltd. announces abnormal stock trading fluctuations. The stock price has risen significantly for three consecutive trading days, exceeding 20%. The company has clarified its financial situation, including a projected net loss for the first half of 2026 due to industry downturns and delayed revenue recognition. The company is also planning a private placement of A shares.

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Full Translation

AI Translation· gemini_document

Securities Code: 002943

Securities Abbreviation: Yujing Stock

Announcement No.: 2026-051

Hunan Yujing Machine Stock 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 Reminder:

  1. The stock of Hunan Yujing Machine Stock Co., Ltd. (hereinafter referred to as the "Company" or "this Company") (Securities Abbreviation: Yujing Stock, Securities Code: 002943) experienced abnormal trading fluctuations, with the cumulative closing price increase exceeding 20.00% on August 5, 2026, August 6, 2026, and August 7, 2026. According to the relevant provisions of the "Trading Rules of Shenzhen Stock Exchange," this constitutes abnormal stock trading fluctuations. The Company's stock price has fluctuated significantly in the short term. Investors are advised to make prudent decisions, invest rationally, and be aware of market trading risks.

  2. On July 10, 2026, the Company disclosed the "2026 Half-Year Performance Forecast" (Announcement No.: 2026-042). The Company's net profit attributable to shareholders of the listed company for the first half of 2026 is expected to be between -85 million yuan and -65 million yuan. The Company expects a net loss for the first half of 2026. This is mainly due to the downturn in the photovoltaic industry, where the Company's main subsidiaries' diamond wire products and slicing processing businesses are located, and the further decline in product gross profit, which has led to operating performance falling short of expectations and a significant loss. In addition, the Company's main equipment business is currently in a concentrated delivery phase, with some products in the installation and debugging phase, and has not yet met the conditions for revenue recognition, resulting in a decrease in operating income during the same period. This performance forecast is based on preliminary calculations by the Company's finance department. The specific financial data will be subject to the Company's disclosed 2026 half-year report. There are no circumstances requiring amendment to the Company's current performance forecast. Investors are advised to make prudent decisions and be aware of investment risks.

  3. As of the disclosure date of this announcement, the downstream application fields for the Company's cutting and grinding equipment are mainly in the photovoltaic industry, accounting for about 90%. The application in the semiconductor and consumer electronics industries is relatively low, with the application in the semiconductor industry accounting for no more than 5%, which has a small impact on the Company's performance. Investors are advised to make prudent decisions and be aware of investment risks.

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