12 day 10 board Jierong Technology received a letter of concern: request to explain whether it caters to market hot spots and speculates on stock prices

"Huawei Concept Stock" Jierong Technology received the attention letter.

On September 14, Dongguan Jierong Technology Co., Ltd. (Jierong Technology, 002855. The information required by Shenzhen Stock Exchange for Jierong's technical explanation includes: full analysis, explanation and risk warning on the decline of the company's operating income and net profit loss. Explain whether the company's fundamentals have changed significantly, whether the recent stock price rise matches the company's fundamentals, the valuation, P/E ratio, and the range of stock price changes of listed companies in the contract industry, give sufficient risk warnings about the recent sharp fluctuations in the company's stock price, and check whether there is any significant information that should be disclosed but has not been disclosed, Whether there is the situation of actively catering to the market hot spots to hype the company's share price.

On the same day, Jierong Technology released the announcement of abnormal fluctuations in stock trading, which said that the deviation of the closing price of the company for two consecutive trading days on September 13 and 14 accumulatively exceeded 20%. According to the relevant regulations of Shenzhen Stock Exchange, it was an abnormal fluctuation in stock trading.

The Board of Directors of the Company has verified the relevant matters and now explains the relevant information as follows: 1. There is no need to correct or supplement the information disclosed by the Company in the earlier stage. 2. The Company has not found any unpublished material information that may or has had a significant impact on the trading price of the Company's shares reported by the public media recently. 3. There has been no significant change in the company's business situation and internal and external business environment recently. 4. The controlling shareholders and actual controllers of the company did not buy or sell the company's shares during the period of abnormal fluctuations in shares. 5. The controlling shareholder of the Company, Jierong Technology Group Co., Ltd., intends to transfer its 73679484 shares (29.9% of the total share capital of the Company) to Shenzhen Zhongjing Dayou Private Equity Investment Fund Management Co., Ltd. and Derun Shijia (Shenzhen) Investment Partnership (Limited Partnership). On April 9, June 8 and August 7, 2023, the parties to the transaction respectively signed the Agreement of Intent on Share Transfer, the Supplementary Agreement to the Agreement of Intent on Share Transfer and the Supplementary Agreement II. The parties to the transaction agreed to adjust the original time limit for signing the formal agreement of the Agreement of Intent on Share Transfer to "signing the formal agreement within 180 days", and other contents of the agreement remain unchanged.

Jierong Technology said that through self inspection, the company did not violate the fair information disclosure, and the company did not have any undisclosed matters that led to abnormal fluctuations in stock trading; The company disclosed the Semi annual Report of 2023 on August 30, 2023, and the company realized an operating income of about 947 million yuan in the semi annual report of 2023, a year-on-year decrease of 31.53%; The net profit attributable to the shareholders of the listed company is -46.8886 million yuan, and the performance loss. Please pay attention to the operating risk of the company; The company's business situation and internal and external business environment have not changed significantly recently. The company solemnly reminds investors that the stock price may be affected by multiple factors such as macro-economy, industrial policies, financial market liquidity, and the company's business situation. Please pay attention to transaction risks, make prudent decisions, and make rational investments.

In addition, Jierong Technology said that the current P/E ratio of the company's stock is negative. According to the official website of China Securities Index Co., Ltd., the latest rolling P/E ratio of the C39 computer, communication and other electronic equipment manufacturing industry of the CSRC industry to which the company belongs is 33.42, and the current P/E ratio of the company is significantly off the industry average. The short-term deviation of the company's share price from the Shenzhen A-share index over the same period is large, and higher than the rise of companies in the same industry over the same period. Investors should fully understand the transaction risks in the secondary market, make prudent decisions and make rational investments.

Jierong Technology, formerly known as Jierong Mold Industry (Dongguan) Co., Ltd., is a supporting industry of consumer electronics products. Its main products and services are the production and manufacturing of precision molds and precision structural parts, which are mainly used in mobile phones, tablet computers, intelligent wearable devices, intelligent terminals and other electronic consumer products. At the same time, it can also be widely used in medical devices, automotive electronics and other fields.

It is reported that the recent sudden launch of Huawei Mate60 series related products has triggered a simultaneous boom in the sales market and capital market. A-share Huawei concept stocks continue to be active, of which Jierong Technology is the more active one. However, on September 1, when an investor asked whether the company cooperated with Huawei, Jierong Technology said that specific customer and product cooperation involved commercial confidentiality clauses.

key word: company technology shares transaction