Securities Code: 003036
Bond Code: 127096
Securities Abbreviation: Titan Shares
Bond Abbreviation: Titan Convertible Bond
Announcement Number: 2026-041
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 the cumulative closing price deviation exceeding 20% over three consecutive trading days (August 4, 5, and 6, 2026), in accordance with 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 210.49. The trailing P/E ratio for the "Special Equipment Manufacturing" (C35) industry classification by the China Association of Listed Companies is 45.25. The trailing P/E ratios of comparable companies in the same industry are: Cixing Co., Ltd. 49.96, Golden Eagle Shares 60.13, Jinggong Technology 37.66, and Yuejian Intelligent 50.33. The Company's trailing P/E ratio is significantly higher than the industry average. Investors are urged to fully understand the risks of trading in the secondary market, enhance their risk awareness, make rational decisions, and invest prudently.
-
There have been no significant changes in the Company's fundamentals. The Company is primarily engaged in the research, development, production, and sales of shuttleless looms, rapier looms, air-jet looms, twisting machines, texturizing machines, and water-jet looms. The Company's net profit has declined for two consecutive years, 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 was 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 was 14.64 million yuan, a year-on-year decrease of 71.18%.
-
As of the date of this announcement, the electronic fabric loom products produced and sold by the Company have an order amount equivalent to 2% of the previous year's operating income. These products have not yet been delivered, and the Company has not recognized any revenue. The Company's related businesses face significant uncertainty due to factors such as market supply and demand, competitive landscape, technological iteration, and product pricing. 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.
-
The Company will disclose its "2026 Semi-Annual Report" on August 21, 2026. The 2026 semi-annual financial data is currently being calculated and has not been provided externally.