Pingtan Development to resume trading after stock surge probe

Zhongfu Straits (Pingtan) Development Co., Ltd. will resume trading on November 21, 2025, following a temporary suspension to investigate significant stock price volatility. The company's stock price surged by 255.19% between October 17 and November 17, 2025, leading to the suspension. The company attributes the movement to market sentiment and reiterates no major changes to its operations or fundamentals, advising investors to exercise caution.

As of November 17, 2025, the company's trailing price-to-earnings (P/E) ratio stood at 555.31x, with a price-to-book (P/B) ratio of 12.06x. These figures significantly deviate from the industry averages for "C20 Wood processing and wood, bamboo, rattan, palm, and straw products industry," which are 24.42x for P/E and 2.96x for P/B.

The company's board has confirmed no undisclosed material information, changes to its operating environment, or major risks. Shareholders and management have not traded company shares during the volatile period.