Red Star Development: Stock Trading Abnormal Fluctuation, P/E Ratio Significantly Higher Than Industry

Red Star Development announced on March 17 that the company’s stock trading experienced abnormal fluctuations, with the cumulative deviation of the daily closing price increase over three consecutive trading days on March 13, 16, and 17, exceeding 20%. According to the relevant regulations of the Shanghai Stock Exchange Trading Rules, this constitutes abnormal stock trading volatility. The company’s current static P/E ratio is 102.67, and the rolling P/E ratio is 65.81, both higher than the industry average for chemical raw materials and chemical products manufacturing, which are 35.14 and 31.77 respectively. Investors are advised to invest rationally and be aware of investment risks.

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