China Aerospace Times Electronics warns investors amid high valuation, stock surge

China Aerospace Times Electronics (SSE:600879) has warned investors after its stock price surged by 81.62% since November 27, 2025, significantly outperforming industry and market benchmarks. The company reported a 4.32% decrease in operating revenue to CNY 883,530.37 million and a 62.77% drop in net profit to CNY 20,914.26 million for the first three quarters of 2025, raising concerns about high valuation and potential market overspeculation.

The company's latest static and TTM (trailing twelve months) price-to-earnings ratios are 116.25 and 326.11, respectively, both exceeding industry averages, indicating a high valuation risk. Furthermore, the stock experienced high turnover, with a 25.18% turnover rate on December 26, 2025, 1.47 times the average of the preceding five trading days.

In a related announcement, China Aerospace Times Electronics disclosed it has cumulatively repaid idle raised funds amounting to CNY 184.5 million, previously used to temporarily supplement working capital. This brings the total outstanding amount of unreturned idle raised funds to CNY 1,595.5 million. The company reiterated its commitment to ensuring the smooth progress of its fundraising projects.