GreatWall Military(SH:601606) Zheng Quan Zhi Xing·2025-06-30 16:28Core Viewpoint - The stock of Anhui Changcheng Military Industry Co., Ltd. has experienced a significant abnormal fluctuation, with a cumulative increase of over 100% in closing prices over 10 consecutive trading days from June 18 to June 30, 2025, indicating potential irrational speculation and high trading risks [1][3][6]. Group 1: Stock Performance - As of June 30, 2025, the closing price of the company's stock was 29.05 yuan per share, which is at a historical high, with a trading volume of 25.64 billion yuan [1][6]. - The stock's cumulative increase of 108.97% significantly exceeds the 4.69% increase of the Wande Military Industry Index and the 1.09% increase of the Shanghai Composite Index during the same period [6]. Group 2: Financial Performance - For the fiscal year 2024, the net profit attributable to shareholders was -363,277,070.70 yuan, and the net profit after deducting non-recurring gains and losses was -377,999,295.21 yuan [6]. - In the first quarter of 2025, the unaudited net profit attributable to shareholders was -54,253,426.95 yuan, with a net profit of -61,780,356.04 yuan after deducting non-recurring gains and losses [2][6]. Group 3: Business Operations - The company operates primarily in two segments: special products and civilian products, with the special products segment being the main focus [3]. - The company has confirmed that its production and operational activities are normal, with no significant changes affecting the stock's abnormal trading fluctuations [3][5]. Group 4: Risk Factors - The company has highlighted the risks associated with the current market sentiment, indicating that the stock's short-term price increase is not supported by fundamental changes in the company's performance [1][6]. - The company's current price-to-earnings (P/E) ratio is in a loss position, while its price-to-book (P/B) ratio stands at 9.69, which is higher than the industry average P/B ratio of 4.76 [6].