[China Plastics: The stock price rose significantly on the first day of listing and issued a risk warning announcement] On September 22, China Plastics (301686.SZ) announced that the company’s shares were listed on the Shenzhen Stock Exchange GEM on September 22, 2026, with an issue price of 55.28 yuan/share, and the closing price on the first day of listing was 433.00 yuan/share, an increase of 683.29%, which significantly deviated from the industry valuation level. The company's static price-to-earnings ratio is 168.38 times and its price-to-book ratio is 17.14 times, which is much higher than the industry average of 29.02 times and 2.26 times. The company reminded that there are risks such as raw material price fluctuations, supply stability, and gross profit margin decline. Short-term stock price fluctuations have intensified, and there is the risk of a sharp correction after a rapid rise. After verification, the company's daily operations have not undergone major changes, and there are no major matters that should be disclosed but have not been disclosed.