Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) 3 received the attention letter from Shenzhen Stock Exchange on March 4, requesting to analyze the reasons that may lead to the large increase of the company’s share price in the near future and significantly deviate from the market.
The attention letter shows that on February 28 and March 3, 2022, Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) twice reached the standard of abnormal fluctuation of stock price due to the deviation value of rise and fall, and issued the announcement of abnormal fluctuation of stock trading. From February 24 to March 4, 2022, Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) share price increased by 94.9% Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) in the past seven trading days, it touched the daily limit.
According to the requirements of Shenzhen Stock Exchange, please analyze the reasons that may cause your company’s recent stock price rise to be large and significantly deviate from the market in combination with the macro situation of the market, the situation of the industry, the stock price trend of Listed Companies in the same industry and the production and operation of your company, and whether there are significant changes in the company’s recent operation and internal and external business environment, and give sufficient risk tips.
According to the requirements of Shenzhen Stock Exchange, please explain whether it violates the principle of fair disclosure, misleads investors and hypes stock prices in combination with the recent research of reception institutions and individual investors, as well as the early information disclosure and interactive easy response.
Shenzhen Stock Exchange pointed out that please explain whether your company’s recent sharp rise in share price lacks fundamental support in combination with the company’s operating performance, P / E ratio and P / B ratio. If so, please fully prompt the relevant risks.
Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) is the only emerging oil technology service provider in Xinjiang, such as mechanical cleaning of large and medium-sized oil storage tanks. The main businesses include dynamic monitoring, downhole technical operation and shale oil exploitation technical services.
