Nine Dragons King: Stock price fluctuation, revenue decreased by 6.02% from January to September, facing risks.

Kohler announced that from November 12th to 18th, 2025, the company's stock price had increased by 61.06%, while the Shanghai Composite Index had decreased by -1.57% during the same period. The stock price deviated from the index, with the daily turnover rate increasing from 1.21% to 5.22%. The non-GAAP P/E ratio of 47.7 times is higher than the industry average. There is a speculation risk in the company's stock trading, which could lead to a substantial decline. From January to September 2025, the company's revenue was 633.13 million yuan, a decrease of 6.02% year-on-year; the non-GAAP net profit was -24.33 million yuan, a decrease of 17.38% year-on-year, indicating a risk of declining performance. In addition, the company has not disclosed any undisclosed material information and is not involved in any hot concepts.