XHW(SH:603888) Shang Hai Zheng Quan Bao·2026-01-14 18:10Core Viewpoint - The company has issued a risk warning regarding its stock price volatility and the lack of revenue from its GEO business, urging investors to be cautious due to significant recent price increases and high valuation metrics [2][4][5]. Group 1: Stock Price Volatility - The company's stock price increased by 52.34% from January 5 to January 14, 2026, while the Shanghai Composite Index rose by only 3.96% during the same period [2][4]. - On January 14, 2026, the company's stock turnover rate was 11.69%, with an average turnover rate of 5.22% over the previous eight trading days, indicating higher trading activity than usual [2][4]. Group 2: Valuation Metrics - The company's static price-to-earnings (P/E) ratio is 85.38, and the rolling P/E ratio is 70.94, both of which exceed the industry average of 58.03 and 44.92, respectively [2][4]. Group 3: Business Operations - The company's main business activities, including comprehensive advertising services, government and enterprise services, and digital and intelligent services, remain normal, with no significant changes in market conditions or industry policies [3][4]. Group 4: GEO Business Status - The company has been identified as a GEO concept stock by media, but it has not yet established a mature revenue model for its GEO business, leading to uncertainties regarding market acceptance and profitability [2][5].