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Changbai Mountain Tourism Co., Ltd. Stock Trading Risk Warning Announcement: January 2024 Update

Time: January 8, 2024 17:21:28 Original title of China Finance Network:Changbai Mountain:Changbai MountainTourism Co., Ltd. Stock Trading Risk Warning Announcement

Securities code: 603099 Securities name:Changbai Mountain Announcement number: 2024-005
Changbai Mountaintourism co., ltd.
Stock Trading Risk Warning Announcement

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in this announcement, and bear individual and joint liability for the authenticity, accuracy and completeness of its contents.

Important content reminder:
??From January 2, 2024 to January 8, 2024, the company’s stock has continuously
The daily limit reached 5 trading days, with a cumulative increase of 61.01%. The short-term increase was relatively large. The static price-earnings ratio and
The price-to-book ratio indicator is significantly higher than the average level of the same industry, and there is a risk of overheating market sentiment and irrational speculation.

??There are no major changes in the company’s production and operations.

??The company currently does not have any major information that should be disclosed but has not been disclosed, including but not limited to
Major asset restructuring and other major matters.

??The company reminds investors to pay attention to the risks of secondary market transactions, make prudent decisions, and
sexual investment.

Changbai MountainTourism Co., Ltd. (hereinafter referred to as the “Company”) stock in 2024
On January 4 and January 5, 2024, the closing price increase deviated from the value for two consecutive trading days.
Totaling 20%, according to the relevant provisions of the “Shanghai Stock Exchange Trading Rules”, it is a stock
Abnormal trading fluctuations.The company has announced in the designated information disclosure media on January 6, 2024
The “Announcement on Abnormal Stock Trading Fluctuations” (announcement number: 2024-003) was disclosed on the website of the Shanghai Stock Exchange (www.sse.com.cn). From January 2, 2024 to 2024
On January 8, 2019, the company’s stock has reached the daily limit for 5 consecutive trading days, with a cumulative increase of 61.01%.
The short-term increase is large, and the company’s stock trading risk tips are as follows:
1. The company’s stock price-to-earnings ratio and price-to-book ratio are higher than the industry average.
As of the close of trading on January 8, 2024, according to data released by China Securities Index Co., Ltd.
According to the China Securities Regulatory Commission, the company’s category is “Public Facilities Management Industry”, the company’s latest rolling price-to-earnings ratio is 48.81, and its latest price-to-book ratio is 5.54; the company’s static price-to-earnings ratio and price-to-book ratio indicators show that
Higher than the industry average.

2. There are no major changes in the company’s production and operations
The company’s production and operation conditions are normal. The company will host Heping Ski Resort at the end of October 2023.
This hosting business will contribute less than 1% to the overall revenue in 2023. The company’s current ice and snow projects
Revenue accounts for a relatively small proportion of the company’s overall revenue. The company’s main business is still the tourist passenger transportation business and hotel business. There are no other major changes in the company’s fundamentals.

3. Media reports, market rumors, and hot concepts
The company is not aware of recent public media reports that may have an impact on the company’s stock trading price.
Undisclosed material information with significant impact.

4. There are no major matters that should be disclosed but have not been disclosed
As of now, the company and controlling shareholder Jilin ProvinceChangbai MountainDevelopment and Construction (Group) Co., Ltd.
Responsible company and actual controllerChangbai MountainNeither the Management Committee nor the State-owned Assets Supervision and Administration Commission has any influence on the company’s stock price.
Material information that should be disclosed but has not been disclosed may have an impact or affect investors’ reasonable expectations.
Interests, including but not limited to major asset restructuring, share issuance, major transaction matters, business restructuring, share repurchase, equity incentives, bankruptcy and reorganization, major business cooperation, introduction of strategic investors and other major matters.
5. Risk warning
In view of the large short-term increase in the company’s stock price, the valuation indicators are significantly higher than the industry average.
level, and there are no major changes in the company’s production and operations, and there are no major matters that should be disclosed but have not been disclosed. The company reminds investors to pay attention to the risks of secondary market transactions, make prudent decisions, and invest rationally.

Special announcement.

Changbai MountainBoard of Directors of Tourism Co., Ltd.
January 9, 2024

China Finance Network

2024-01-08 09:21:28
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