Upwe Chem 10 consecutive boards, the company reminds of trading risks.

On July 22nd, Shangwei New Materials' stock price hit the upper limit for the tenth consecutive trading day. As of now, the company's stock price is 48.19 yuan/share, with a total market value of 19.44 billion yuan. Since July 1st, Shangwei New Materials has accumulated a total increase of over 515%. Shangwei New Materials released a stock trading risk warning announcement on the same day, stating that the company's stock has experienced abnormal fluctuations in trading from July 9th to July 21st. As of July 21st, the company's closing price was 40.16 yuan/share, with a P/E ratio of 182.67 times and a latest rolling P/E ratio of 174.58 times, far above the industry average of 23.99 times in the chemical raw materials and chemical products industry in the past month. Shangwei New Materials stated that the company's recent daily operations are normal, with no significant changes. There have been no major adjustments in the market environment or industry policies, and there have been no significant fluctuations in production costs, sales, etc., with normal internal production and operation order.