重庆再升科技股份有限公司关于股票交易风险提示公告

Core Viewpoint - Chongqing Zaiseng Technology Co., Ltd. (referred to as "Zaiseng Technology" or "the company") has experienced significant stock price fluctuations, with a cumulative closing price increase exceeding 20% over three consecutive trading days, indicating abnormal trading activity [2][4]. Group 1: Stock Trading and Market Activity - The company's stock closed with a cumulative price increase of over 20% on December 5, 8, and 9, 2025, which is classified as abnormal trading behavior according to the Shanghai Stock Exchange rules [2][4]. - As of December 10, 2025, the company's price-to-earnings ratio (P/E) was reported at 79.00 times, significantly higher than the industry average P/E of 55.49 times, indicating potential overvaluation risks [4]. - The stock continued to hit the daily limit on December 10, 2025, amidst concerns about high volatility and potential price corrections [3][4]. Group 2: Company Operations and Business Developments - The company confirmed that its daily operations are normal, with no significant changes in market conditions or industry policies affecting its business [5]. - There is ongoing speculation regarding the company's supply relationship with SpaceX; however, the revenue from aerospace-related products is less than 0.5% of total revenue for 2024, indicating minimal impact on overall performance [3][8]. - The company has been supplying "high silicon oxide fiber products" to a well-known aerospace company since 2020, but currently has no outstanding orders for these products [3][8]. Group 3: Shareholder Changes and Equity Transfer - The controlling shareholder, Mr. Guo Mao, is planning to transfer a portion of his shares through a private agreement, which requires compliance with relevant regulations and may involve uncertainties regarding completion [2][6]. - The transfer involves 62,187,200 shares, representing 6.04% of the company's total share capital, with a transaction price of 5.53 yuan per share, valuing the company at approximately 5.7 billion yuan [21][45]. - Following the transfer, Mr. Guo Mao's shareholding will decrease from 33.34% to 27.30%, crossing below the 30% threshold [45].