Core Viewpoint - The stock of Honghe Electronic Materials Technology Co., Ltd. has experienced significant price fluctuations, with a cumulative increase of over 20% in three consecutive trading days, prompting a warning for investors regarding market risks [2][4]. Group 1: Stock Trading Abnormalities - The company's stock price deviated significantly, with a cumulative increase exceeding 20% on July 3, 4, and 7, 2025, indicating abnormal trading behavior [2][4]. - On July 8, 2025, the stock price hit the daily limit again, marking two consecutive days of limit-up trading, which raises concerns about short-term price volatility [2][4]. Group 2: Business Operations - As of the announcement date, the company's main business activities, which include the research, production, and sales of mid-to-high-end electronic-grade glass fiber cloth and yarn, have not undergone significant changes, and operations are normal [5][9]. - The company has confirmed that there are no undisclosed major events affecting stock trading fluctuations [3][9]. Group 3: Market Perception and Risks - The company has been associated with the "PCB concept" in media reports, as its main product, electronic-grade glass fiber cloth, is a fundamental material for PCBs. However, the company emphasizes that its core business remains unchanged [6][9]. - The company has not identified any media reports or market rumors that require clarification, and it warns investors to be cautious of speculative trading based on market trends [6][9]. Group 4: Insider Trading - During the period of abnormal stock trading, the company's directors, supervisors, senior management, and controlling shareholders did not engage in buying or selling the company's stock [7].

Core Viewpoint - The stock of Honghe Technology has experienced significant fluctuations, with a cumulative closing price increase exceeding 20% over three consecutive trading days, prompting a warning for investors regarding market risks [1][2]. Group 1: Stock Trading Abnormalities - The company's stock price showed abnormal volatility, with a cumulative increase of over 20% on July 3, 4, and 7, 2025, leading to the issuance of an announcement regarding this situation [1]. - On July 8, 2025, the stock price hit the daily limit again, indicating a substantial short-term price increase [1][2]. Group 2: Business Operations - As of the date of the announcement, the company's main business activities, which include the research, production, and sales of mid-to-high-end electronic-grade glass fiber cloth and yarn, have not undergone significant changes [2][3]. - The company confirmed that there are no major undisclosed events affecting the stock's trading volatility [3]. Group 3: Market Perception and Risks - The company has been associated with the "PCB concept" in media reports, as its main product, electronic-grade glass fiber cloth, is a fundamental material for PCBs [2]. - The company has not identified any media reports or market rumors that require clarification or response, and it emphasizes the need for investors to be cautious of speculative trading risks [2][3]. Group 4: Insider Trading and Sensitive Information - The company conducted a self-examination and found that during the period of stock trading volatility, there were no stock transactions by directors, supervisors, senior management, or controlling shareholders [2][3]. - The company has disclosed no significant undisclosed matters, including major asset restructuring or stock issuance [3].

| 主要产品 | 2025年1-3月 | 2025年1-3月 | 2025年1-3月 | | --- | --- | --- | --- | | | 产量（万米） | 销售量（万米） | 营业收入（人民币万元） | | 电子级玻璃纤维布 | 5,006.29 | 5,201.20 | 23,462.09 | 证券代码：603256 证券简称：宏和科技 公告编号：2025-028 宏和电子材料科技股份有限公司 2025年第一季度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 宏和电子材料科技股份有限公司（以下简称"公司"或"本公司"）根据《上 海证券交易所上市公司自律监管指引第3号——行业信息披露》其《第十三号— —化工》等相关规定，现将2025年第一季度主要经营数据统计如下： 一、主要产品的产量、销量及收入实现情况 二、主要产品的价格变动情况（不含税） | 主要产品 | 2024年1-3月 | 2025年1-3月 | 变动比率（%） | | --- | --- | --- | --- | | | 平均售 ...