The stock price has risen by more than 30% in three days. Yushu Technology urgently warns of risks.

Abstract:

On October 20, Yushu Technology issued an announcement on abnormal stock trading fluctuations. The company's stock's closing price increase deviation exceeded the cumulative value of 30% for three consecutive trading days (October 16, October 19, and October 20), triggering the Science and Technology Innovation Board's abnormal trading monitoring standards.

The announcement shows that after the company's self-examination and verification by the controlling shareholder and actual controller, as of the disclosure date, the company has no major information that should be disclosed but has not been disclosed. The recent operating conditions are normal, the market environment and industry policies have not undergone major adjustments, and the directors, senior executives and controlling shareholders have not bought and sold the company's stocks during the period of abnormal fluctuations.

The announcement also highlights valuation risks: As of October 20, Yushu Technology's rolling price-to-earnings ratio was 388.25 times, while the average rolling price-to-earnings ratio of the general equipment manufacturing industry in which it operates in the past month was 39.51 times. The company's price-to-earnings ratio is significantly higher than the industry level. The company also reminded that the humanoid robot industry is still in the early stages of commercialization, and there are uncertainties in technological maturity, downstream demand cultivation, and industrial chain supporting facilities. If large-scale commercialization fails to meet expectations, future revenue expansion and performance release may be adversely affected, and there is an investment risk of valuation regression.

Ushu Technology was listed on the Science and Technology Innovation Board on August 19 this year, becoming the "first humanoid robot stock" in the A-share market. On the first day of listing, the opening price surged 629%, and the market value once exceeded 400 billion yuan. This announcement is the first time the company has issued a risk warning due to abnormal stock price fluctuations since its listing.