Ningbo Marine warns investors of trading risks amidst surge

Ningbo Marine has issued a risk warning to investors after its stock price surged, triggering trading alerts for the three-day period ending May 14, 2025. The company notes that its stock, which closed at CNY 4.07 on May 15, 2025, has a significantly higher price-to-earnings ratio (17,101.24) compared to the average for water transportation companies within the broader transportation, warehousing, and postal sector (9.64). The company's 2024 net profit attributable to shareholders declined by 80.20% to CNY 2,212.47 million, while the first quarter of 2025 saw a net loss attributable to shareholders of CNY -4,645.13 million. Ningbo Marine urges investors to exercise caution and make informed decisions.