Core Viewpoint - The stock price of Lianhua Technology (stock code: 002250) has experienced significant fluctuations, with a cumulative price deviation exceeding 20% over three consecutive trading days, indicating abnormal trading activity [1][2]. Group 1: Stock Trading Fluctuations - The stock price of Lianhua Technology has shown a cumulative price deviation of over 20% from June 4 to June 6, 2025, qualifying as abnormal trading activity [2]. - Over a ten-day period from May 23 to June 6, 2025, the stock price has also shown significant fluctuations, with a cumulative deviation indicating severe abnormal trading [2][3]. Group 2: Company Operations and Client Relationships - Lianhua Technology operates under a CDMO business model, providing advanced intermediates for chlorantraniliprole, without directly producing the chemical [1][2]. - The company has a long-term partnership with a client, having signed a framework agreement for customized processing of advanced intermediates, with a pricing model based on cost-plus [1][2]. - As of now, the company has not received any notifications from the client regarding an increase in product demand, suggesting limited impact on overall operations [1][2]. Group 3: Financial Metrics - The company's current price-to-earnings (P/E) ratio stands at 113.10, significantly higher than the industry average P/E ratio of 32.51 for the "15101040 Pesticides" sector [1][3].

智通财经5月30日早间新闻精选 1、中办、国办印发《关于健全资源环境要素市场化配置体系的意见》。其中提出，严格用水总量和强 度双控，加强排污权与排污许可等制度衔接。 2、据报道，美国政府已实质性切断了部分美国企业向中国出售半导体设计软件的渠道，受影响企业包 括Cadence、Synopsys及Siemens EDA。对于美方滥用出口管制措施，中国商务部此前表示，倘若美方一 意孤行，继续实质性损害中方利益，中方必将采取坚决措施，维护自身正当权益。 3、美国联邦上诉法院29日批准了特朗普政府的请求，暂时中止此前一家下级法院禁止执行美政府多个 关税行政令的裁决。 4、国务院国资委主任张玉卓到中国汽车技术研究中心有限公司调研时指出，努力突破和掌握更多关键 核心技术，夯实产业技术底座，发挥行业标准引领作用，助力民族汽车品牌更好"走出去"。 7、广西广电公告，拟将广电科技100%股权与控股股东所持交科集团51%股权置换；双林股份公告，拟 定增募资不超15亿元；移为通信公告，拟1亿元设立全资子公司；品高股份公告，签订3.97亿元算力资 源服务合同。 8、光洋股份公告，终止购买银球科技100%股权等事项。 9、6连板尚纬股份 ...

Group 1 - Pinggao Co., Ltd. signed a service contract worth 397 million yuan with Shenzhen Yuanmai Cloud Computing Technology Co., Ltd. for providing computing power resources, including equipment rental and software platform usage, with a contract period from August 1, 2025, to July 31, 2030 [1] - Yiwei Communication plans to invest 100 million yuan to establish a wholly-owned subsidiary, Shanghai Yiwei Intelligent Technology Development Co., Ltd., focusing on IoT technology research and AI application software development, aiming to enhance overall competitiveness [2] - Guangyang Co., Ltd. announced the termination of the planned acquisition of 100% equity in Yinqiu Technology, with its stock resuming trading on May 30, 2025, after being suspended since May 19, 2025 [3] Group 2 - ST Pioneer announced the removal of other risk warnings, changing its stock name to Pioneer New Materials, with trading resuming on June 3, 2025, after a one-day suspension [4] - Shuanglin Co., Ltd. plans to raise no more than 1.5 billion yuan through a private placement to fund projects related to rolling ball screws, joint modules, and high-precision CNC grinding machine expansion [5] - China State Construction obtained three major projects with a total value of 8.23 billion yuan [8]

Group 1 - The company's stock price experienced an abnormal fluctuation, with a cumulative increase of over 20% in closing prices over three consecutive trading days (May 27, 28, and 29, 2025) [1] - The company operates under a CDMO business model, providing advanced intermediates of chlorantraniliprole to a long-term partner, with no notification of increased demand from this customer [1] - The company has not identified any significant undisclosed information in public media that could have impacted its stock price [1] Group 2 - The board confirmed that there are no undisclosed matters that should be reported according to the Shenzhen Stock Exchange listing rules, nor any related negotiations or agreements [2] - The company has not found any need to correct or supplement previously disclosed information [2]

Core Viewpoint - The company, Lianhua Technology (002250), has announced that its stock trading has experienced unusual fluctuations, but the overall impact on the company is limited due to the nature of its business model and current operational status [1] Group 1: Business Model and Operations - The company operates under a CDMO (Contract Development and Manufacturing Organization) business model, providing advanced intermediates of chlorantraniliprole exclusively to a single client [1] - The pricing model for the products is based on a cost-plus approach, ensuring stable revenue from the client [1] - As of now, the company has not received any notification from the client regarding an increase in demand for the related products, indicating stable demand [1] Group 2: Market and External Factors - The company has not identified any significant undisclosed information that may have impacted its stock trading price, despite recent media reports [1] - The company's production and operational conditions remain normal, with no significant changes in the internal or external business environment [1]