Jinniu Chemical Hit Daily Limit Down in Afternoon; Accumulated Surge Over 220% Since Beginning of Year

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Jinniu Chemical (600722) plunged and hit the daily limit in the afternoon. As of the latest report, the stock is trading at 17.37 yuan per share, with over 50,000 lots of buy orders on the limit-up board. Notably, since the beginning of this year up to yesterday’s close, the stock has increased approximately 225%.

The company issued a risk warning on the evening of the 16th, stating that the stock price has experienced significant fluctuations recently. Investors are advised to be cautious of investment risks and to invest rationally. Recently, due to multiple factors such as geopolitical tensions, methanol prices have shown short-term volatility. Currently, the company’s production and operations are normal, and there have been no major policy adjustments in the industry recently. Investors should be aware of the risks.

After self-examination, the company has found no recent media reports or market rumors that could or have already affected the trading price of its stock, nor does it involve any hot concept topics.

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