Zhenhua Heavy Industries issues trading risk warning

Shanghai Zhenhua Heavy Industries (SSE:600320) has issued a stock trading risk warning following a significant increase in its share price. Between March 19 and March 24, 2025, ZPMC's stock rose by 33.58%, while the Shanghai Stock Exchange A-Share Index fell by 1.65% over the same period. The company notes that its stock has experienced three consecutive days of limit-up trading. ZPMC states that there have been no fundamental changes to the company and there is no undisclosed information. The company's current price-to-earnings (P/E) ratio also exceeds the industry average. As of March 21, 2025, ZPMC's P/E ratio (both static and rolling) is above the average for the general equipment manufacturing industry. ZPMC reiterated that its operations are normal. The company advises investors to be aware of secondary market trading risks and to make rational and prudent investment decisions.