Pingtan Development warns of overvaluation after severe stock fluctuations

Zhongfu Straits Pingtan Development (SZSE:000592) announced severe abnormal stock trading fluctuations after its share price's cumulative deviation from increase exceeded 100% over eight consecutive trading days, from October 23 to November 3, 2025. The company's stock also saw a cumulative deviation exceeding 20% over two consecutive trading days, October 31 and November 3, 2025.

As of November 3, 2025, the company's rolling price-to-earnings ratio was 361.39 times, significantly higher than the 28.06 times average for its industry, "C20 Wood processing, wood, bamboo, rattan, palm, and grass products manufacturing." Despite these fluctuations, the company stated that its production and operations remain normal, with no major changes to its business or external operating environment.

Pingtan Development's primary businesses include afforestation and forest management, timber product processing and sales, and trade, along with operations related to the Pingtan Comprehensive Experimental Zone. No undisclosed material information or major risks have been identified by the company, its controlling shareholder, or actual controller. Investors are advised to exercise caution and make rational decisions.