V view of the financial report 7 board Changbai Mountain voiced the risk of irrational speculation

Mondo Tourism Updated on 2024-02-01

Zhongxin Jingwei, January 10 On the evening of January 10, Changbai Mountain, which has seven boards, issued an announcement on serious abnormal fluctuations in trading, saying that the company's static price-earnings ratio and price-to-book ratio indicators are significantly higher than the average level of the same industry, and there is a risk of overheating market sentiment and irrational speculation.

Specifically, the announcement said that after self-examination, and sent a written letter to inquire about the controlling shareholder and the actual controller, as of the disclosure date of the announcement, it was confirmed that there were no major matters or important information that should be disclosed but were not disclosed.

Changbaishan mentioned in the announcement that the company will host Heping Ski Resort at the end of October 2023, and this hosting business will contribute less than 1% to the overall revenue in 2023.

According to the announcement, as of January 10, 2024, Changbai Mountain** has accumulated more than 100% deviation from the increase in 10 consecutive trading days, which is a serious abnormal fluctuation in trading according to relevant regulations. The company invites investors to pay attention to the risks of secondary market transactions, make rational decisions and invest prudently.

In the secondary market, from January 2 to January 10, 2024, Changbai Mountain** has been up and down for 7 consecutive trading days, with a cumulative increase of 9479%。Changbaishan said that according to the data released by the China Securities Index, the company belongs to the category of "public facilities management", and the company's latest rolling price-earnings ratio is 5904, the latest price-to-book ratio is 670;The company's static price-earnings ratio and price-to-book ratio indicators are significantly higher than the average level of the same industry, and there is a risk of overheating market sentiment and irrational speculation.

According to the information on the official website, Changbai Mountain completed its initial listing on the Shanghai ** Stock Exchange on August 22, 2014, becoming the first listed company in the tourism sector of Jilin Province and the first listed company in the scenic spot category in Northeast China.

In terms of performance, Changbai Mountain achieved revenue of 4 in the first three quarters of 20239.7 billion yuan, a year-on-year increase of 20937%;Net profit attributable to shareholders of listed companies15.2 billion yuan, a year-on-year increase of 69326%。

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Zhongxin Jingwei noticed that in recent times, the popularity of ice and snow tourism has remained high, and affected by this, the stock price of Changbai Mountain has continued to rise. Since January 4, Changbaishan has issued several trading risk warning announcements and abnormal fluctuation announcements. As of January 10**, Changbaishan's share price was at 2918 yuan shares, with a total market value of 7.8 billion yuan. (Zhongxin Jingwei app).

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