Ningbo Marine warns investors amid stock surge

Ningbo Marine cautioned investors about trading risks as its stock experienced abnormal fluctuations, with consecutive daily price increases of over 20% on May 15 and 16, 2025. The stock closed at CNY 4.93 on May 19, reaching its fifth consecutive day of gains. The company highlights a significantly elevated price-to-earnings ratio of 20,706.36 compared to the water transportation industry average of 9.50. Ningbo Marine's 2024 annual report revealed a net profit attributable to shareholders of CNY 2,212.47 million, an 80.20% year-over-year decline. The first quarter of 2025 saw a net loss attributable to shareholders of CNY -4,645.13 million. The company urges investors to exercise caution and rational decision-making.