Xin Lang Cai Jing·2025-12-22 08:03Core Viewpoint - The company has experienced significant stock price fluctuations, with a cumulative increase of over 20% in the closing price over three consecutive trading days, indicating potential volatility in the market [1] Financial Performance - For the first three quarters of 2025, the company reported revenue of 10.275 billion yuan, representing a year-on-year growth of 18.18% [1] - The net profit for the same period was 470 million yuan, showing a year-on-year decline of 18.02% [1] Market Conditions - The fundamentals of the company remain unchanged, and operations are normal; however, there is uncertainty regarding performance due to ongoing pressure in the global telecommunications market for optical fibers and cables [1] - The demand for new products remains low, contributing to the overall market challenges [1] Valuation Concerns - As of December 22, 2025, the rolling price-to-earnings ratio of the company's A-shares is approximately 169 times, indicating a potentially high risk for investors [1]