Chengbang Eco-Environment (SH:603316) Shang Hai Zheng Quan Bao·2025-09-24 21:07Core Viewpoint - The stock of Chengbang Ecological Environment Co., Ltd. experienced an abnormal trading fluctuation, with a cumulative closing price increase of 20% over two consecutive trading days on September 23 and 24, 2025, which is classified as an abnormal trading fluctuation according to the Shanghai Stock Exchange trading rules [2][3]. Group 1: Stock Trading Abnormality - The company's stock price increased by a cumulative 20% over two consecutive trading days, indicating significant market activity [2][3]. - The latest price-to-book ratio for the industry is 0.60, while the company's latest price-to-book ratio is 5.24, indicating that the company's valuation is above the industry average [2][9]. Group 2: Financial Performance - The company reported revenues of 347.89 million yuan for the fiscal year 2024 and 206.85 million yuan for the first half of 2025 [2][9]. - The net profit attributable to shareholders for the fiscal year 2024 was -99.47 million yuan, and for the first half of 2025, it was -10.44 million yuan, indicating ongoing losses [2][9]. Group 3: Shareholder Information - The controlling shareholder, Mr. Fang Liqiang, and his concerted parties have pledged a total of 63.7 million shares, which accounts for 63.12% of their total holdings and 24.10% of the company's total share capital, indicating a high pledge ratio [2][9]. Group 4: Company Operations and Major Events - The company confirmed that its production and operational activities are normal, with no significant changes in market conditions or industry policies, and no major fluctuations in production costs or sales [4]. - There are no undisclosed major events affecting the company's stock trading, including mergers, debt restructuring, or asset injections [5][11]. Group 5: Media and Market Rumors - The company has not identified any media reports or market rumors that require clarification or response, and previous announcements do not require adjustments or corrections [6]. - There are no other significant events that could impact the company's stock price, and no insider trading activities have been reported among executives or major shareholders [7].