Fujian Qingshan Paper issues trading risk warning after stock volatility

Fujian Qingshan Paper Industry Co. Ltd. (SSE:600103) reported that its stock experienced abnormal fluctuations, with its closing price deviation reaching over 20% across three consecutive trading days (September 5, September 8, and September 9, 2025). The company's stock continued to close at its daily limit on September 10, 2025, reaching a closing price of CNY3.45 per share.

Since September 1, 2025, the company's stock trading price has cumulatively increased by 37.45%, with a 25.91% increase since September 5, 2025. On September 10, 2025, the turnover rate was 18.30%. The company reminds investors to exercise caution and make rational decisions given the recent significant price volatility and high turnover.

The company's board confirmed no undisclosed material information, and its production and operations remain normal. There have been no reports of media speculation or market rumors influencing the stock price.