Fenghua Advanced Technology Reports Stock Price Volatility and Clarifies Media Claims

On May 31, Fenghua Advanced Technology announced that its stock price experienced abnormal fluctuations, with a cumulative deviation exceeding 20% over two consecutive trading days on May 28 and 29. As of May 29, the company's stock price stood at 53.03 yuan per share, with a rolling price-to-earnings ratio of 199.66, significantly higher than the industry average of 77.89. The stock's cumulative increase in May reached 111.36%, indicating potential irrational speculation and correction risks. According to Jin10, the company has investigated recent media reports suggesting a suspension of orders for certain chip resistors and MLCC products. Fenghua Advanced Technology clarified that these reports are inaccurate. The company temporarily paused orders for some products to facilitate digital system upgrades and product structure adjustments, but has since resumed order acceptance. Additionally, media claims that Fenghua Advanced Technology is the only company in China certified by Nvidia for its entire MLCC product line were found to be false. As of the announcement date, Nvidia has not conducted any product certification with the company. Fenghua Advanced Technology's main product applications remain stable, focusing on home appliances, communications, and industrial control sectors. Emerging markets such as automotive electronics, artificial intelligence, energy storage, and low-altitude economy account for less than 15% of revenue. The company acknowledges risks related to market expansion and potential underperformance in high-end product pricing growth.