Gaozheng Min Explosives: Stock Trading Abnormal Fluctuations Alert Multiple Investment Risks

Gaozheng Mining's announcement states that from August 5 to 7, the accumulated deviation of the company's stock closing price increase exceeded 20%, indicating abnormal fluctuations. The company has been placed under key monitoring by the Shenzhen Stock Exchange, and if the stock price fluctuates irrationally, it may apply for a trading halt for verification. The company has not yet initiated mining investment and development business, and there are no asset injection or restructuring plans. As of August 7, the company's price-to-earnings ratio and price-to-book ratio are above the industry level. The company expects a net profit of 29 to 38 million yuan for the first half of the year, a year-on-year decrease of 45.09% to 58.09%. Due to the stock price being above the upper limit, the company is currently unable to implement a share buyback. Its controlling subsidiary has won a bid for a 220 million yuan project, but a contract has not yet been signed.