Ke Chuan Technology: Stock price abnormal fluctuations indicate multiple investment risks.

Ke Chuan Technology announced that the company's stock experienced abnormal fluctuations on May 12-14, 2026, with a limit-up on the 14th and a closing price of 115.38 yuan per share, representing a 33.11% increase from the 11th. The company warned of multiple risks, including the deviation of the stock price increase from the fundamentals, a significantly high P/E ratio of 1250.55; its subsidiary Ke Chuan Photon has not generated revenue, with uncertainties in business expansion and performance; significant fluctuations in performance, with a net profit of 0.16 billion yuan in 2025, a year-on-year decrease of 76.27%, and a net loss of 0.12 billion yuan in January-March 2026, a year-on-year decrease of 207.61%. Investors are reminded to be cautious of risks and invest rationally.