Core Viewpoint - The company, Upwind New Materials (688585.SH), issued a risk warning announcement indicating that its main business remains focused on the research, production, and sales of environmentally friendly high-performance corrosion-resistant materials, wind turbine blade materials, new composite materials, and circular economy materials, with no significant changes occurring in its operations or market environment [1] Company Operations - The company's production and operations have not experienced significant changes, and there have been no major adjustments in market conditions or industry policies [1] - Production costs and sales situations have also not shown any significant changes [1] Market Conditions - Despite the stable fundamentals of the company, the recent trading price of its stock has significantly deviated from its current fundamental situation, indicating potential market risks for investors participating in trading [1]

Core Viewpoint - The company has issued a stock trading risk warning due to a significant increase in its stock price, which has risen 133.86% from July 28, 2025, to August 28, 2025, indicating a potential disconnection from its current fundamentals [1][6]. Group 1: Stock Performance - The company's stock price closed at 1587.91 CNY per share on August 28, 2025, marking a 15.73% increase for the day and surpassing the closing price of Kweichow Moutai at 1446.1 CNY, making it the highest closing price in the A-share market [8][10]. - The stock price increase of 133.86% is significantly higher than that of most peers in the industry and exceeds the growth rates of relevant indices such as the Sci-Tech Innovation Board Index and the Shanghai Composite Index [1][6]. Group 2: Financial Forecast - The company anticipates a total revenue of between 500 million CNY and 700 million CNY for the year 2025, based on current operational conditions [3]. Group 3: Product and Supply Chain - The company has no plans for new product releases, and recent information circulating about new products is deemed misleading [4]. - Operating under a Fabless model, the company faces potential risks to its supply chain stability due to its inclusion on the "entity list," which may adversely affect its operational performance [5]. Group 4: Valuation Metrics - As of August 28, 2025, the company has a rolling price-to-earnings (P/E) ratio of 5117.75 and a price-to-book (P/B) ratio of 113.98, both significantly higher than the industry averages of 88.97 for P/E and 5.95 for P/B [7].