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中毅达: 中毅达:关于股票交易风险提示的公告

Core Viewpoint - Guizhou Zhongyida Co., Ltd. has experienced significant stock price volatility, with a cumulative increase of 312.90% from March 10, 2025, to May 20, 2025, despite no substantial changes in the company's fundamentals, indicating potential market overheating and high speculation risk [1][2]. Market Trading Risk - The company's A-share stock has seen a substantial price increase, with a cumulative rise of 312.90% during the specified period, and the price volatility is considerable. The company's price-to-book ratio is significantly higher than the industry average, highlighting the need for investors to be cautious about secondary market trading risks [2]. Production and Operating Conditions - The company is currently operating normally, but it reported a net loss of 14.08 million yuan for the fiscal year 2024. In the first quarter of 2025, the company achieved a net profit of 13.76 million yuan, a turnaround from a loss of 10.39 million yuan in the same period last year [2]. Goodwill Impairment Risk - The company has a significant amount of goodwill from the acquisition of Chifeng Ruiyang, which requires annual impairment testing. In 2023, the company recognized a goodwill impairment loss of 49.99 million yuan, while no impairment loss was recorded in 2024. As of the end of the first quarter of 2025, the goodwill's book value was 160.03 million yuan, exceeding the net asset value of 81.01 million yuan, indicating potential future impairment risks if the operational conditions of Chifeng Ruiyang do not improve [2]. Long-term Dividend Risk - As of December 31, 2024, the company had accumulated undistributed profits of -2.10 billion yuan. The profits will be used to offset previous losses before any dividends can be distributed, indicating a long-term risk of not being able to issue cash dividends until past losses are fully addressed [3].