The company's stock price has hit three consecutive limit-up, Guangdong Mingzhu said that the newly established unmanned aerial vehicle technology company has not generated any revenue or investment income.

On December 2, Guangdong Mingzhu Group Co., Ltd. (hereinafter referred to as “Guangdong Mingzhu” or the “Company”) issued a public announcement about the abnormal Fluctuation in the company’s stock trading and risk alert. The announcement stated that recently, some investors have followed the establishment of a holding subsidiary drone technology company by the company, and the media has reported the company’s involvement in the concept of “low-altitude economy.” As of the date of the announcement, the drone technology company has only completed the industrial and commercial registration, and has not yet signed any relevant sales order contracts, nor has it generated any operating income and investment returns. There is significant uncertainty in the subsequent operation. Investors are advised to pay attention to the risks of Secondary Market trading, make rational decisions, and invest prudently.

▲Guangdong Mingzhu announcement screenshot

Guangdong Mingzhu stated that the closing price of the company’s stock has deviated by more than 20% for three consecutive trading days on November 28, November 29, and December 2, 2024. According to the relevant provisions of the Shanghai Stock Exchange trading rules, it constitutes a situation of abnormal stock trading Fluctuation.

Regarding the risk aspect of hot concept, some investors have recently followed the establishment of a holding subsidiary, Guangdong Mingzhu Group UAV Technology Co., Ltd. (hereinafter referred to as the “UAV Technology Company”) by the company. Relevant media have reported on the company’s involvement in the concept of “low-altitude economy.” As of the date of this announcement, the UAV Technology Company has only completed industrial and commercial registration, has not yet signed any relevant sales order contracts, and has not generated any business income or investment returns. There is significant uncertainty in the subsequent operation. Investors are requested to pay attention to the risk of Secondary Market trading, make rational decisions, and invest prudently.

In terms of production and operation risks, the company disclosed the “2024 Third Quarter Report” on October 31, 2024. The company’s total operating income from January to September 2024 was 268,376,544.89 yuan, a year-on-year decrease of 45.44%; the net profit attributable to the shareholders of the listed company excluding non-recurring gains and losses was 40,755,273.91 yuan, a year-on-year decrease of 77.87%.

In terms of price-earnings ratio risk, according to the industry price-earnings ratio data released by China Securities Index Co., Ltd., the static price-earnings ratio of the black metal ore mining and dressing industry in which the company is located is 15.78, and the rolling price-earnings ratio is 16.67; the company’s static price-earnings ratio is 23.22, and the rolling price-earnings ratio is negative. Investors are kindly reminded to pay attention to the relevant risks, make rational decisions, and invest prudently.

On November 28, Guangdong Mingzhu responded to investors’ questions about the progress of the drone company on the interactive platform. Guangdong Mingzhu introduced that the company has cooperated with Guangzhou Light Years Beyond Enterprise Management Partnership Enterprise (Limited Partnership) and Guangzhou Flying Wing Exploration Enterprise Management Limited Liability Company. On November 8, 2024, a holding subsidiary, Guangdong Mingzhu Group Drone Technology Co., Ltd., was registered. In the future, the company will establish an excellent operation management and technology research and development team, focusing on intelligent drones, and is committed to developing innovative technology products that meet market demand, striving to seize the development opportunities of the national low-altitude economy and achieve leapfrog development.

Tianyancha business information shows that on November 8, Guangdong Mingzhu Group Co., Ltd. invested 6 million yuan to establish Guangdong Mingzhu Group Unmanned Aerial Vehicle Technology Co., Ltd., holding 60% of the shares. The industry is computer, communication and other electronic equipment manufacturing.

Source: Eastmoney.com

Author: DuChuang Finance