Quectel(SH:603236) Shang Hai Zheng Quan Bao·2025-04-08 23:32Core Viewpoint - Shanghai Miao Yuan Communication Technology Co., Ltd. experienced a significant stock price decline, with a cumulative drop exceeding 20% over three consecutive trading days, indicating abnormal trading fluctuations [2][3]. Group 1: Stock Trading Abnormal Fluctuation - The company's stock price fell by more than 20% cumulatively on April 3, April 7, and April 8, 2025, which qualifies as an abnormal trading fluctuation according to Shanghai Stock Exchange regulations [2][3]. Group 2: Company Operations and Impact of Tariff Policies - The company confirmed that its production and operational activities are normal, and current tariff policies have not significantly impacted its operations. The direct export to the U.S. accounted for only 0.80% of the total revenue for 2024 (unaudited) [4]. - The company has established a global procurement system, and key materials are not produced in the U.S., indicating limited and manageable impact from tariff policies [4]. Group 3: Major Events and Information Disclosure - There are no undisclosed major events or information that could affect the company's stock price, including significant asset restructuring, share issuance, or major business collaborations [5][10]. - The company has not identified any media reports, market rumors, or hot concepts that could significantly influence its stock price [6]. Group 4: Financial Metrics Comparison - The static price-to-earnings (P/E) ratio for the industry is 36.25, while the company's static P/E ratio is significantly higher at 195.06. The rolling P/E ratio for the industry is 33.18, compared to the company's rolling P/E of 38.02. The latest price-to-book (P/B) ratio for the industry is 3.66, while the company's P/B ratio is 4.64, indicating it is above the industry average [2][8].