衢州发展: 股票交易异常波动公告

Core Viewpoint - The stock of Quzhou Xin'an Development Co., Ltd. experienced an abnormal trading fluctuation, with a cumulative closing price increase of 20% over two consecutive trading days on August 13 and 14, 2025, prompting the company to confirm the absence of undisclosed significant matters [1][2]. Abnormal Trading Fluctuation - The company's stock price deviation reached 20% over two trading days, qualifying as an abnormal trading fluctuation under the Shanghai Stock Exchange regulations [1]. - The company conducted a self-examination and confirmed that its production and operational conditions remain normal without significant changes [2]. Verification of Related Situations - The company confirmed through written inquiries to its controlling shareholder and actual controller that there are no undisclosed significant matters such as major asset restructuring, share issuance, or significant transactions [2]. - No media reports or market rumors were found that could significantly impact the company's stock price [2]. - During the abnormal trading period, the company's controlling shareholder, directors, supervisors, and senior management did not engage in buying or selling the company's stock [2]. Risk Factors - The company's static P/E ratio is 39.7, and the P/B ratio is 1.02, both higher than the industry averages of 26.69 and 0.84, respectively, indicating potential trading risks [3]. - The controlling shareholder, Quzhou Zhibao Enterprise Management Partnership, has pledged 2,472,737,900 shares, accounting for 29.06% of the total shares, with a total of 1,568,197,790 shares pledged, representing 63.42% of the shares held by the controlling shareholder [3][4]. - The company is in the process of acquiring 95.4559% of the shares of Xiandao Electronics Technology Co., Ltd. through a share issuance, which requires further board and shareholder approvals, introducing uncertainty regarding the transaction's completion [4][5].