12 consecutive trading halts for Daqian Ecology & Environment Group (603955.SH): Uncertainties in change of control, valuation significantly higher than industry average.

Daqian Ecology & Environment Group (603955.SH) announced that the trading of the company's stock experienced a significant abnormal fluctuation from October 10, 2024 to November 20, 2024, with the cumulative deviation of the closing price reaching 200% for 30 consecutive trading days, in accordance with the relevant provisions of the Shanghai Stock Exchange Trading Rules. The company warns of risks: the controlling shareholder and actual controller of the company are planning to change. This transaction requires confirmation of compliance with the transfer agreement by the Shanghai Stock Exchange, and then the transfer of shares must be registered with the Shanghai branch of China Securities Depository and Clearing Corporation. There is uncertainty regarding whether the transaction can be completed and the time of completion, investors are advised to be cautious of investment risks. During the period of October 10, 2024 to November 20, 2024, with the cumulative deviation of the closing price reaching 200% for 30 consecutive trading days, the fluctuation of the stock price is significant even after excluding the overall market factors. According to the latest price-to-earnings ratio and price-to-book ratio (industry classification by CSI), the industry the company is in has a latest price-to-earnings ratio of 7.57 and a latest price-to-book ratio of 0.66. However, the company's latest price-to-earnings ratio is 200.94 and the latest price-to-book ratio is 2.65, significantly higher than the average level.