Yuhuan Cnc Machine Tool Co.,Ltd. (002903.SZ) has issued an announcement regarding abnormal fluctuations in its stock price. The company's share price experienced cumulative deviations exceeding 20% over three consecutive trading days (May 6, May 7, and May 8, 2026), triggering the Shenzhen Stock Exchange's rules for unusual trading activity.
The company clarified that its primary business involves manufacturing general-purpose machine tools, including CNC grinding equipment and broaching machines. Yuhuan Cnc Machine Tool explicitly stated it does not produce components for aerospace products. While some of its products have indirect applications in the aerospace sector, they are not used in the commercial space industry. Revenue from this indirect aerospace application is minimal, representing less than 4% of total Q1 2026 revenue, or approximately 3.6726 million yuan, and has a negligible impact on overall company performance.
Furthermore, the company confirmed it does not manufacture parts for robots. Revenue generated from products used in the robotics field is also minor, accounting for less than 3% of Q1 2026 revenue, or about 2.5787 million yuan, and does not significantly affect financial results. Yuhuan Cnc Machine Tool currently holds no major orders from the robotics industry, indicating that business development in this area remains highly uncertain.
Comments