Weipaige warns of stock trading risks amid surge

Shanghai Weipaige (SSE:603956) issued a risk warning following a 61.25% surge in its stock price over five trading days (Feb 11-17). The company's price-to-earnings ratio is significantly higher (181.82) than the industry average (28.97), indicating potential market exuberance. The announcement also clarifies its relationship with DeepSeek, an open-source AI model, noting that while it utilizes DeepSeek in its WPG-River AI platform, there is no formal service agreement. Weipaige also reminds investors of its previously announced expected net loss of approximately ¥220 million for fiscal year 2024. The company urges investors to exercise caution and rational judgment when trading its shares.