Jinchen Corp issued a stock trading risk warning announcement on the evening of September 28, flagging risks related to the sharp short-term rise in its share price. The company's stock saw its closing price deviation exceed 20 percent cumulatively over three consecutive trading days on September 22, 23, and 24, and on September 28 the share price hit the daily limit-up again for a third consecutive board, with the gain significantly outpacing the broader market index. The announcement disclosed that as of September 24, the company's price-to-earnings ratio stood at 96.75 times, higher than the industry average of 44.64 times for the special equipment manufacturing sector, and that there may be risks of overheated market sentiment and irrational speculation. Regarding its inclusion in the glass substrate packaging concept, the company said after a self-inspection that its semiconductor equipment research and manufacturing project, set up in the Suxitong Science and Technology Industrial Park in Nantong, Jiangsu, has an overall construction period of three years and has not yet entered the land listing, auction, and transfer or engineering construction stage. The equipment involved is still in the research and development stage and has not yet achieved external sales. In the first half of 2026, the company achieved operating revenue of 1.104 billion yuan, down 16.56 percent year on year, and net profit attributable to shareholders of the listed company of 33.5453 million yuan, down 12.65 percent year on year.
Yingkou Jinchen Mach Co LtdCompany issued a trading risk warning flagging overheated sentiment and irrational speculation after three consecutive limit-up boards, with its glass substrate packaging concept still only in R&D and no external sales.
