联化科技: 关于股票交易异常波动及严重异常波动的公告

Core Viewpoint - The stock price of Lianhua Technology (stock code: 002250) has experienced significant fluctuations, with a cumulative price deviation exceeding 20% over three consecutive trading days, indicating abnormal trading activity [1][2]. Group 1: Stock Trading Fluctuations - The stock price of Lianhua Technology has shown a cumulative price deviation of over 20% from June 4 to June 6, 2025, qualifying as abnormal trading activity [2]. - Over a ten-day period from May 23 to June 6, 2025, the stock price has also shown significant fluctuations, with a cumulative deviation indicating severe abnormal trading [2][3]. Group 2: Company Operations and Client Relationships - Lianhua Technology operates under a CDMO business model, providing advanced intermediates for chlorantraniliprole, without directly producing the chemical [1][2]. - The company has a long-term partnership with a client, having signed a framework agreement for customized processing of advanced intermediates, with a pricing model based on cost-plus [1][2]. - As of now, the company has not received any notifications from the client regarding an increase in product demand, suggesting limited impact on overall operations [1][2]. Group 3: Financial Metrics - The company's current price-to-earnings (P/E) ratio stands at 113.10, significantly higher than the industry average P/E ratio of 32.51 for the "15101040 Pesticides" sector [1][3].