Pingtan Development warns investors after abnormal stock surge

Zhongfu Straits Pingtan Development Co. Ltd. announced abnormal fluctuations in its stock trading after its closing price deviated by more than 20% over three consecutive trading days: November 28, December 1, and December 2, 2025. The company stated that there have been no significant changes in its operations or external business environment, nor has it uncovered any undisclosed major information.

The company further reported that its controlling shareholder and actual controller have not traded the company's shares during this period of abnormal fluctuation. As of December 2, 2025, Pingtan Development's latest trailing price-to-earnings ratio was 580.36 times, and its price-to-book ratio was 12.60 times. These figures are significantly higher than the industry averages for "C20 Wood Processing, Wood, Bamboo, Rattan, and Grass Products Manufacturing," which stand at 27.23 times for trailing P/E and 2.96 times for P/B.

The board of directors advises investors to fully understand the stock market risk factors and make rational judgments. The company highlights that its current business fundamentals remain unchanged, and the recent surge in stock price may indicate market overheating and irrational speculation. Investors are urged to refer to information published in official media and exercise caution.