Shandong Molong Announces Two-Day Limit-Up, P/E Ratio Significantly Above Industry Average, Will Disclose Half-Year Forecast Per Regulations

The stock of Shandong Molong Petroleum Machinery Company Limited (002490.SZ) recorded closing price gains over two consecutive trading days that cumulatively deviated by more than 20%, according to a company announcement on July 9th.

This constitutes an abnormal stock trading volatility situation under the Shenzhen Stock Exchange trading rules.

In response to the unusual trading activity, the company's board of directors has conducted verifications with the controlling shareholder and actual controller regarding related matters through inquiries.

Upon verification, there have been no significant recent changes, nor are any expected, in the company's production, operations, or internal and external operating environment.

Furthermore, the company, its controlling shareholder, and actual controller have no major undisclosed matters concerning the company that require disclosure.

Additionally, following a self-review, the company has not identified any media reports or market rumors that could significantly impact its share price.

There is also no information previously disclosed that requires correction or supplementation.

The controlling shareholder and actual controller did not trade the company's shares during the period of abnormal volatility.

The company highlighted several risk factors.

First, the self-review found no violations of fair information disclosure practices.

Second, as of the announcement date, the company's financial data for the first half of 2026 is under calculation.

If preliminary accounting by the finance department meets the criteria for an earnings forecast as stipulated by the Shenzhen Stock Exchange listing rules, the company will disclose a half-year 2026 performance forecast accordingly.

Third, based on industry data published by China Securities Index Co., Ltd., the latest static price-to-earnings (P/E) ratio for the "special equipment manufacturing" industry is 51.15.

The company's latest static P/E ratio is 1078.63, which is notably higher than the average level of comparable listed companies in the same sector.

The board of directors solemnly reminds investors to invest rationally and be mindful of the risks.