Pingtan Development: The company's stock price is at risk of market sentiment overheating and irrational speculation

（Source: Financial News）

          The company’s share price closed with a cumulative deviation in the percentage increase of more than 20% over two consecutive trading days. According to the relevant provisions of the《Shenzhen Stock Exchange Trading Rules》，this constitutes a situation of abnormal fluctuations in stock trading.

On March 31, Pingtan Development (000592.SZ) issued an announcement stating that, over two consecutive trading days, the company’s share price’s closing percentage-increase deviation had accumulated and exceeded 20%. According to the relevant provisions of the《Shenzhen Stock Exchange Trading Rules》，this constitutes a situation of abnormal fluctuations in stock trading.

In response to the company’s abnormal stock trading fluctuations, the company conducted an investigation and sought input from the company’s controlling shareholder and actual controller regarding the relevant matters. Specifically, in the recent period, there have been no major changes in the company’s operating conditions or the internal and external operating environment; the information disclosed in the earlier period contains no items that require correction or supplementation; the company has not found any material undisclosed information in recent public media reports that could possibly—or already—have a significant impact on the company’s stock trading price; during the period of abnormal stock fluctuations, the controlling shareholder and the actual controller did not buy or sell the company’s shares; there are no major matters concerning the company that should be disclosed but have not been disclosed by the company, the controlling shareholder, or the actual controller; and the company has no major risk matters.

The company particularly reminds investors that, in the short term, the company’s stock price has increased sharply and has seriously deviated from the company’s fundamentals. As of March 31, 2026, according to the latest data from China Securities Index Co., Ltd., the company’s latest trailing price-to-earnings (P/E) ratio is 592.88, and the price-to-book (P/B) ratio is 12.87. The industry trailing P/E ratio corresponding to the company’s industry classification in the China Securities Association—“C20 Wood Processing and Products of Wood, Bamboo, Rattan, Palm and Grass”—is 28.75, and the P/B ratio is 3.06. The company’s current trailing P/E ratio and P/B ratio differ significantly from those of companies in the same industry. Meanwhile, after conducting a self-audit, the company found no instances of violating fair information disclosure requirements; there has been no major change in fundamentals, and there is no major undisclosed information that should be disclosed. The company’s principal business has not undergone any major changes; the stock price has risen continuously in the short term, and there are risks of overheated market sentiment and irrational speculation. The company urges the majority of investors to fully understand the risk factors of the stock market, make rational judgments, and pay attention to investment risks.

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