TBEA stock sees unusual trading fluctuations

TBEA's stock experienced abnormal trading fluctuations from November 3 to November 5, 2025, with a cumulative deviation of over 20% in closing prices. As of November 5, 2025, the closing price was CNY 24.11 per share, with a TTM P/E ratio of 22.89x and a P/B ratio (LF) of 1.77x. This compares to the electrical machinery and equipment manufacturing industry's latest rolling P/E ratio of 20.82x and P/B ratio of 1.49x as of November 4, 2025.

The company confirmed that its production and operations are normal, and no material changes have occurred in the market or industry environment. TBEA also stated that its application to issue convertible corporate bonds received acceptance from the Shanghai Stock Exchange on September 26, 2025, and this process is proceeding normally, though its implementation is subject to regulatory approval.

TBEA, its largest shareholder, and actual controller have confirmed no undisclosed major information that should be disclosed. This includes significant asset restructuring, share issuance, major transactions, business restructuring, share repurchases, equity incentives, bankruptcy reorganization, major business collaborations, or the introduction of strategic investors.