Stock Code: 301583
Stock Abbreviation: Torrance
Announcement No.: 2026-002
Torrance Precision Manufacturing (Jiangsu) Co., Ltd.
Announcement on Abnormal Fluctuations in Stock Trading
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.
Key Information Highlights:
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The Company's stock experienced a cumulative price increase exceeding 30% over two consecutive trading days, July 21, 2026, and July 22, 2026. According to the relevant regulations of the Shenzhen Stock Exchange, this constitutes abnormal stock trading fluctuations.
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The Company solemnly reminds investors to fully understand market risks and the risk warnings in the Prospectus for Initial Public Offering and Listing on the ChiNext Market. Investors should make prudent decisions and invest rationally. For the full content of the Company's risk factors, please refer to the "Chapter III Risk Factors" in the Prospectus for Initial Public Offering and Listing on the ChiNext Market disclosed by the Company on the Juchao Information Network (www.cninfo.com.cn) on July 3, 2026.
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As of July 22, 2026, the Company's closing price was RMB 158.71 per share. As of July 21, 2026, the Company's latest P/E ratio was 249.87 times, and the latest P/B ratio was 26.97 times. The P/E ratio for the general equipment manufacturing industry in which the Company is located is 37.71 times, and the P/B ratio is 3.12 times. The Company's P/E and P/B ratios are significantly higher than the industry average. Investors are kindly requested to pay attention to the risks associated with the Company's P/E and P/B ratios being higher than the industry's.