SDHP(SH:603021) Shang Hai Zheng Quan Bao·2025-08-20 19:48Core Viewpoint - The company, Shandong Huapeng Glass Co., Ltd., has issued a risk warning regarding its stock price volatility and ongoing operational challenges, highlighting significant losses in its financial performance for the first half of 2025 [2][3]. Market Trading Risks - The company's stock experienced a consecutive four-day limit-up from August 15 to August 20, 2025, with a cumulative price increase exceeding 12% over three trading days, indicating abnormal trading fluctuations [2][3]. - Investors are advised to be cautious of secondary market trading risks and to make rational investment decisions [2]. Operational Performance Risks - The company projected a net loss for the first half of 2025, estimating a loss between 52 million to 70 million yuan [3]. - The operational status and business environment have not significantly changed compared to previous disclosures, and there are no undisclosed major events [4]. Other Risk Warnings - The company has faced continuous net losses over the last three accounting years, leading to uncertainty regarding its ability to continue as a going concern, which has resulted in additional risk warnings since April 23, 2025 [5]. - As of the announcement date, there are no undisclosed major matters related to asset restructuring, share issuance, or other significant transactions [6].