Securities Code: 002971
Securities Abbreviation: Heryuan Gas
Announcement No.: 2026-037
Hubei Heryuan Gas Co., Ltd.
Announcement on Abnormal Fluctuations in Stock Trading
The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Special Reminder:
In response to recent market concept speculation and rumors, the Company hereby clarifies again as follows:
-
Most of the Company's electronic specialty gas products are currently in the trial production phase. Only a few varieties, such as electronic grade carbon monoxide, have achieved sales, accounting for less than 5% of sales revenue. The electronic specialty gas business faces significant uncertainties such as long validation cycles and high customer access barriers, making market rumors unreliable.
-
Major products such as electronic grade tungsten hexafluoride are still in the trial production stage. The time required for stable production and capacity ramp-up is relatively long. Downstream certifications have not yet been obtained, and no legally binding substantive order agreements have been signed, resulting in no performance generated yet. It is expected that these products will not have a significant impact on the Company's operating performance in the next 2-3 years.
-
As of June 11, 2026, the Company's trailing P/E ratio was 210.05 times, far exceeding the industry average of 26.75 times, indicating a significantly overvalued stock. Within the last 10 trading days, the cumulative increase in the Company's stock price has deviated by 70.86%, seriously deviating from its fundamentals. This suggests market overheating and irrational speculation, with a high risk of short-term price decline.
-
The Company solemnly reminds all investors that all information should be based on the official announcements published on the website of the Shenzhen Stock Exchange and designated media. Please do not believe false online statements, make rational decisions, and be aware of the risks of speculation in the secondary market.
I. Abnormal Stock Trading Situation