WPG warns investors of stock trading risks

WPG (Shanghai) Smart Water Public (SSE:603956) has issued a risk warning to investors following a 33.21% surge in its stock price over three consecutive trading days. The company's current price-to-earnings ratio stands at 150.26, significantly higher than the industry average of 29.02, indicating potential market overreaction. The company clarified its inclusion in the "DeepSeek" concept stock due to utilizing the open-source AI model for its Hetu AI platform, but emphasized no formal service agreement exists. Further, WPG's previously announced forecast for 2024 projects a net loss attributable to the parent company of approximately 220 million yuan.