Zhejiang Changsheng Issues Clarification on Minimal Revenue Contribution from Embodied AI Components

Stock News07-03

Zhejiang Changsheng Sliding Bearings Co.,Ltd. (300718.SZ) has issued a public announcement regarding significant stock price movements.

The company's share price has seen a cumulative deviation of over 30% in closing prices across three consecutive trading days, which is classified as abnormal stock price volatility according to the regulations of the Shenzhen Stock Exchange.

The company has acknowledged the heightened market attention surrounding robotics-related concepts.

Its core business involves the research and development, production, and sales of self-lubricating bearings and high-performance polymers, with primary products including self-lubricating bearings, high-performance modified engineering plastics, and fluoroplastic products.

The company stated that its main operations remain stable without significant fluctuations.

Revenue generated from components related to embodied artificial intelligence accounts for a low proportion of its primary business income, specifically less than 1%, and is not expected to have a material impact on the company's financial performance.

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