Chutian Dragon Discloses Minor Revenue Contribution from Digital Yuan Operations Despite Market Buzz

Stock News09-02

Chutian Dragon Co.,Ltd. (003040.SZ) has issued a formal statement regarding the unusual fluctuation in its stock price, addressing growing market interest surrounding central bank digital currency initiatives.

The company clarified that while it operates as a comprehensive provider of digital security and intelligent digital services, its core business structure has remained unchanged during the current reporting period. Its primary offerings include embedded security products, smart hardware, and related software and services.

Management acknowledged the heightened investor attention on digital yuan-related developments but emphasized that the revenue contribution from such business activities is presently minimal. Specifically, the income derived from digital currency-related operations accounts for less than 5% of the company's total revenue.

The firm also cautioned that the application scenarios and market scale for certain projects and products associated with digital currency remain uncertain. Consequently, there is a risk that the commercial adoption and performance outcomes may not meet initial expectations.

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