Securities Code: 003036 Bond Code: 127096 Securities Abbreviation: Titan Shares Bond Abbreviation: Titan Convertible Bond Announcement Number: 2026-036
Zhejiang Titan Co., Ltd. Announcement on Abnormal Stock Trading Fluctuations
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Special Reminder:
- Zhejiang Titan Co., Ltd. (hereinafter referred to as the "Company" or "this Company") (Stock Abbreviation: Titan Shares, Stock Code: 003036) experienced abnormal stock trading fluctuations, with its cumulative closing price increase exceeding 20% over three consecutive trading days (June 15, June 16, and June 17, 2026), in accordance with the relevant provisions of the "Trading Rules of Shenzhen Stock Exchange."
- According to the latest data from Wind Information Co., Ltd., the Company's trailing P/E ratio is 434.58 times. The trailing P/E ratio of the specialized equipment manufacturing industry (C35) to which the Company belongs, as classified by the China Association of Listed Companies, is 48.36 times. The trailing P/E ratios of comparable companies in the same industry are: C.Star (59.90 times), Golden Eagle (69.89 times), Jinggong Technology (41.61 times), and Yuejian Intelligent (70.88 times). The Company's trailing P/E ratio is significantly higher than the industry average. The Company's stock price has risen rapidly with a substantial cumulative increase, severely deviating from the broader market index. This indicates severe market overheating and irrational speculation, with a risk of rapid decline in the future. To protect the legitimate rights and interests of small and medium investors, all investors are urged to fully understand the risks of secondary market trading, enhance their risk awareness, make rational decisions, and invest prudently.
- The Company's fundamentals have not undergone significant changes. The Company is primarily engaged in the research, development, production, and sales of rotor spinning machines, rapier looms, air-jet looms, twisting machines, texturizing machines, and water-jet looms. The Company's net profit declined for two consecutive years in 2024 and 2025. In 2024, the net profit attributable to the parent company was 88.75 million yuan, a year-on-year decrease of 31.71%. The net profit attributable to the parent company after deducting non-recurring gains and losses was 50.80 million yuan, a year-on-year decrease of 55.70%. In 2025, the net profit attributable to the parent company is expected to be 47.35 million yuan, a year-on-year decrease of 46.65%. The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be 14.64 million yuan, a year-on-year decrease of 71.18%.
- The Company has noted online information regarding its electronic fabric looms. The Company solemnly states that, as of the date of this announcement, the Company only sells conventional electronic fabric looms. The order amount accounts for 2% of the previous year's operating income, and the products have not yet been delivered, so the Company has not recognized any operating income. The Company does not sell LOW-DK or Q-type electronic fabric looms. The Company's related businesses are subject to market supply and demand, competitive landscape, technological iteration, product pricing, and other factors, posing significant uncertainty. Furthermore, if the Company's technological innovation and product iteration fall short of expectations or lack competitiveness, it may adversely affect the progress of future business expansion. Investors are urged to pay attention to investment risks and make rational judgments about investment value.