九牧王：股票交易异常波动

Core Viewpoint - The stock of Jiayi Wang has experienced significant abnormal fluctuations, with a cumulative increase of over 20% in closing prices over two trading days, prompting a company announcement regarding the situation [1] Group 1: Stock Performance - The stock price of Jiayi Wang has seen a continuous increase, with a total rise of 46.5% over four consecutive trading days from November 12 to November 17, 2025 [1] - As of November 17, 2025, the company's price-to-earnings (P/E) ratio stands at 43 times, which is significantly higher than the industry median P/E ratio of 20.25 times [1] Group 2: Company Operations - The company has confirmed that its production and operational conditions remain normal, with no significant changes in the internal or external business environment [1] - There are no undisclosed significant matters related to major asset restructuring, share issuance, or major transactions involving the company or its controlling shareholders [1] Group 3: Market Activity - During the period of stock price fluctuation, there were no reported media coverage or market rumors that could have significantly impacted the stock price [1] - Company directors, senior management, and controlling shareholders did not engage in buying or selling the company's stock during the abnormal trading period [1]