China Plastics Co., Ltd. announced that the company's shares were listed on the Shenzhen Stock Exchange GEM on September 22, 2026. The issue price was 55.28 yuan/share, and the closing price on the first day of listing was 433.00 yuan/share, an increase of 683.29%, which significantly deviated from the industry's valuation level. The company's static price-earnings ratio is 168.38 times and the net price-earnings ratio is 17.14 times, far higher than the industry average of 29.02 times and 2.26 times. The company warned that there are risks such as fluctuations in raw material prices, supply stability, and declining gross margin. Short-term stock price fluctuations will intensify, and there is a risk of a sharp correction after a rapid rise. After verification, there have been no major changes in the company's daily operations, and there are no major matters that should have been disclosed but not disclosed.

China Plastics Co., Ltd. announced that the company's shares were listed on the Shenzhen Stock Exchange GEM on September 22, 2026. The issue price was 55.28 yuan/share, and the closing price on the first day of listing was 433.00 yuan/share, an increase of 683.29%, which significantly deviated from the industry's valuation level. The company's static price-earnings ratio is 168.38 times and the net price-earnings ratio is 17.14 times, far higher than the industry average of 29.02 times and 2.26 times. The company warned that there are risks such as fluctuations in raw material prices, supply stability, and declining gross margin. Short-term stock price fluctuations will intensify, and there is a risk of a sharp correction after a rapid rise. After verification, there have been no major changes in the company's daily operations, and there are no major matters that should have been disclosed but not disclosed.