Time: February 27, 2024 21:28:19 Original title of China Finance Network:Kelai Electromechanical:Kelai ElectromechanicalAnnouncement of abnormal stock trading fluctuations and major risk warnings
Securities code: 603960 Securities abbreviation:Kelai Electromechanical Announcement Number: 2024-011 ShanghaiKelai ElectromechanicalAutomation Engineering Co., Ltd.
Announcement of abnormal stock trading fluctuations and major risk warnings
The company’s board of directors and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and assume legal responsibility for the authenticity, accuracy and completeness of its contents. Important content reminder:
? ShanghaiKelai ElectromechanicalThe stock price of Automation Engineering Co., Ltd. (hereinafter referred to as the “Company”) has been at the daily limit for 13 consecutive trading days since January 31, 2024. The stock price has increased significantly and the deviation value has been large. According to the “Shanghai Stock Exchange Trading According to the relevant provisions of the Rules, the company’s stock transactions are abnormal fluctuations. The company once again reminds investors of the risks of overheating market sentiment and irrational speculation.
? The risk of large stock price increases in the short term and significant fluctuations in the later period. Since January 31, 2024, the company’s stock has closed at the daily limit for 13 consecutive trading days, with a cumulative turnover rate of 73.45%. On February 27, 2024, the company’s stock turnover rate reached 19.58%, and the transaction volume reached 2.057 billion. Yuan, in view of the fact that the company’s stock price has continued to rise by the limit, but the company’s fundamentals have not changed significantly, and it will face a greater risk of decline in the later period, the company reminds investors to make rational decisions and invest prudently.
? The risk is that the price-to-earnings ratio and price-to-book ratio are significantly higher than comparable companies in the same industry. As of February 27, 2024, according to data released on the website of China Securities Index Co., Ltd., the company’s China Securities Regulatory Commission industry classification C35 “Special Equipment Manufacturing” has a static price-to-earnings ratio of 26.27, a rolling price-to-earnings ratio of 27.57, and a price-to-book ratio of 2.84. The company The static P/E ratio is 167.54, the rolling P/E ratio is 131.72, and the P/B ratio is 10.43. The price-to-earnings ratio and price-to-book ratio of the company’s stock are significantly higher than the industry average, and there are risks of overheating market sentiment and irrational speculation. Investors are advised to invest rationally and pay attention to investment risks.
? Risks of continued intensification of market competition. The company’s main competitors are foreign companies in the same industry and their domestic joint ventures and listed companies in subdivisions.In recent years, industryrobotIndustry giants have increased their investment in China and expanded their production bases in China. Some domestic listed companies have also increased their investment in China.robotand investment in the intelligent equipment industry, the market competition in the field of intelligent equipment manufacturing at home and abroad has become more intense. The company’s revenue is small and its market share does not have a leading position. The company still lags behind internationally renowned companies in terms of its ability to undertake major projects, asset size and risk resistance capabilities, and will face greater market competition. risk.
? Risk of declining orders for smart equipment business. The company’s current production and operation activities are all normal, and the internal production and operation order is normal. The company’s business has remained stable in recent years, with no major changes in its business segments and no major changes in the company’s major customers and fundamentals. The company’s intelligent equipment business is subject to the risk of cyclical fluctuations in fixed asset investment in downstream industries, causing fluctuations in the company’s operating performance. The company’s new orders for smart equipment business in 2023 were 222 million yuan, a decrease from the same period last year. The company’s performance growth in 2023 is mainly based on the original auto parts business, and the basis for performance growth has not changed significantly.
? Other risk warnings. The company has recently paid attention to rumors that the company has been listed as a new productivity concept stock.
The concept of new quality productivity is broad and covers many fields. The company’s current main business is still smart equipment and auto parts, which belong to the traditional manufacturing field. The company’s related products have not changed. The company’s R&D investment in 2023 accounted for the company’s operating income ratio is basically the same as that in 2022, which is different from comparable listed companies in the same industry. There are significant differences, and we do not rule out the possibility that some investors may use related concepts to speculate on the company’s stocks. Investors are advised to invest rationally and pay attention to investment risks.
? After the company’s self-examination and verification with the controlling shareholders and actual controllers, as of the disclosure date of this announcement, there is no major information that should be disclosed but has not been disclosed. The company reminds investors to pay attention to secondary market transaction risks, make rational decisions, and invest prudently.
1. Specific circumstances of abnormal stock trading fluctuations
Since January 31, 2024, the closing price of the company’s stock has been above the daily limit for 13 consecutive trading days. The stock price has increased significantly and the deviation value has been large. According to the relevant provisions of the “Shanghai Stock Exchange Trading Rules”, the company’s stock trading is abnormal. Fluctuation conditions. The company once again reminds investors of the risks of overheating market sentiment and irrational speculation.
2. Relevant situations that the company pays attention to and verifies
(1) Production and operation conditions.
The company’s current production and operation activities are all normal, and the internal production and operation order is normal. The company’s business has remained stable in recent years, with no major changes in its business segments and no major changes in the company’s major customers and fundamentals. The company’s intelligent equipment business is subject to the risk of cyclical fluctuations in fixed asset investment in downstream industries, causing fluctuations in the company’s operating performance. The company’s new orders for smart equipment business in 2023 were 222 million yuan, a decrease from the same period last year. The company’s performance growth in 2023 is mainly based on the original auto parts business, and the basis for performance growth has not changed significantly.
(2) Major matters.
After self-examination by the company and verification from the company’s controlling shareholders and actual controllers Tan Shili and Chen Jiukang: as of the disclosure date of this announcement, except for the information that has been publicly disclosed in designated media, there are no abnormal fluctuations in the company’s stock trading price. Major matters; there are no other major asset reorganizations, share issuances, major transaction matters, business reorganizations, share repurchases, equity incentives, bankruptcy and reorganization, major business cooperation, introduction of strategic investors, etc. that should be disclosed but have not been disclosed by the company. Major issues.
(3) Media reports, market rumors, and hot concepts.
The company has recently paid attention to rumors that the company has been listed as a new productivity concept stock. The concept of new quality productivity is broad and covers many fields. The company’s current main business is still smart equipment and auto parts, which belong to the traditional manufacturing field. The company’s related products have not changed. The company’s R&D investment in 2023 accounted for the company’s operating income ratio is basically the same as that in 2022, which is different from comparable listed companies in the same industry. There are significant differences, and we do not rule out the possibility that some investors may use related concepts to speculate on the company’s stocks. Investors are advised to invest rationally and pay attention to investment risks.
(4) Other price-sensitive information.
After verification, the company found no other major events that may have a greater impact on the company’s stock price.
The company’s self-examination found that as of the announcement date, Mr. Hao Jifeng, the spouse of the company’s supervisor Ms. He Xiaoyue, bought and sold the company’s stocks from January 26, 2024 to February 8, 2024. According to the “Securities Law of the People’s Republic of China” and “Shanghai Securities Exchange Stock Listing Rules” and other relevant regulations, the above transactions constitute short-term transactions. As of the date of this announcement, all proceeds of RMB 11,925.00 from the above short-term transactions have been turned over to the company.For details, please refer to the “Shanghai” issued by the company on February 24, 2024Kelai ElectromechanicalAnnouncement of Automation Engineering Co., Ltd. on short-term trading and apology by relatives of supervisors (Announcement No.: 2024-007).
Except for the above matters, the company’s directors, supervisors, senior managers, controlling shareholders and actual controllers did not buy or sell the company’s stocks during the period of abnormal fluctuations in the company’s stock transactions.
3. Related risk warnings
(1) Market transaction risks.
Since January 31, 2024, the closing price of the company’s stock has been above the daily limit for 13 consecutive trading days, and the cumulative change of hands has been that since the company’s stock price has continued to rise by the daily limit, but the company’s fundamentals have not changed significantly, the risk of decline in the later period is greater, the company reminds Investors should make rational decisions and invest prudently.
As of February 27, 2024, according to data released on the website of China Securities Index Co., Ltd., the company’s China Securities Regulatory Commission industry classification C35 “Special Equipment Manufacturing” has a static price-to-earnings ratio of 26.27, a rolling price-to-earnings ratio of 27.57, and a price-to-book ratio of 2.84. The company The static P/E ratio is 167.54, the rolling P/E ratio is 131.72, and the P/B ratio is 10.43.
The price-to-earnings ratio and price-to-book ratio of the company’s stock are significantly higher than the industry average. There are risks of overheating market sentiment and irrational speculation. The company’s main business has not undergone major changes, nor has its fundamentals. Investors are kindly requested to invest rationally. Be aware of investment risks.
(2) Risks of continued intensification of market competition
The company’s main competitors are foreign companies in the same industry and their domestic joint ventures and listed companies in subdivisions.In recent years, industryrobotIndustry giants have increased their investment in China and expanded their production bases in China. Some domestic listed companies have also increased their investment in China.robotand investment in the intelligent equipment industry, the market competition in the field of intelligent equipment manufacturing at home and abroad has become more intense. The company’s revenue is small and its market share does not have a leading position. The company still lags behind internationally renowned companies in terms of its ability to undertake major projects, asset size and risk resistance capabilities, and will face greater market competition. risk.
4. Statement of the Board of Directors and Commitments of Related Parties
The company’s board of directors confirms that the company does not have any undisclosed matters that should be disclosed in accordance with the relevant provisions of the “Stock Listing Rules” or any planning, negotiations, intentions, agreements, etc. related to such matters. The board of directors has also not been informed of any matters that should be disclosed in accordance with the “Stock Listing Rules” 》 and other relevant regulations that should be disclosed but have not been disclosed, and may have a greater impact on the trading prices of the company’s stocks and its derivatives; there is no need to correct or supplement the information disclosed by the company in the previous period.
The company solemnly reminds investors that “Shanghai Securities News”, “China Securities News”, “Securities Times” and “Securities Daily” are the company’s designated information disclosure newspapers, and the Shanghai Stock Exchange website (www.sse.com.cn) is the company’s designated information disclosure Disclosure Website. All company information is subject to information published in the above designated media. Investors are kindly requested to invest rationally and pay attention to investment risks.
Special announcement.
ShanghaiKelai ElectromechanicalBoard of Directors of Automation Engineering Co., Ltd.
China Finance Network
2024-02-27 13:28:19
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