China Tungsten High-tech: No undisclosed major matters to disclose, and the P/E ratio is significantly higher than the industry level

On March 1, Zhongwu High-tech issued an announcement that the company’s stock price has deviated by more than 20% in cumulative daily closing price fluctuations over three consecutive trading days. According to the relevant regulations of the Shenzhen Stock Exchange Trading Rules, this constitutes an abnormal fluctuation in stock trading. After verification, the company’s recent operating conditions are normal, and there have been no significant changes in the internal or external business environment. Through self-inspection and inquiry, the company, its controlling shareholder, and its actual controller have no major undisclosed matters that should be disclosed, nor are there any major matters under planning. During the monitoring and verification process, no other matters requiring disclosure were found. As of February 27, 2026, the company’s stock price has increased by 138.98% since the beginning of the year. The company’s rolling price-to-earnings ratio is 95.55, while the Shanghai Securities SunGuo Nonferrous Metals Industry’s rolling P/E ratio is 40.86. The company’s P/E ratio level is relatively high compared to industry peers. Recently, the company’s stock price has risen rapidly, significantly deviating from the market index and industry valuation levels, with a risk of correction. Investors are advised to pay attention to the risks of secondary market trading.