Ningbo Marine Company Limited(600798) : Ningbo Marine Company Limited(600798) risk warning announcement

Stock Code: Ningbo Marine Company Limited(600798) stock abbreviation: Ningbo Marine Company Limited(600798) No.: pro 2022006

Ningbo Marine Company Limited(600798) risk warning notice

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of the announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of the contents. Risk tips:

Ningbo Marine Company Limited(600798) (hereinafter referred to as "the company") stock price has closed at the limit for three consecutive trading days since March 2, 2022. The company has issued the announcement on abnormal fluctuation of stock trading on March 4, 2022. In view of the recent large fluctuation of the company's stock price, the relevant risks are solemnly prompted as follows to remind investors to invest rationally, improve risk awareness and pay attention to investment risks.

● secondary market transaction risk. As of the closing on March 4, 2022, the closing price of the company is 6.14 yuan, with an increase of 33.19% for three consecutive trading days. The static P / E ratio is 44.57 times and the dynamic P / E ratio is 31.00 times. The current P / E ratio of the company is higher than the average level of Listed Companies in the same industry.

● there is no significant change in the company's main business.

The company's stock price closed up for three consecutive trading days on March 2, March 3 and March 4, 2022. The company has issued the announcement on abnormal fluctuation of stock trading (Announcement No.: pro 2022005) on March 4, 2022. In view of the recent large fluctuation of the company's stock price, the company solemnly reminds investors to invest rationally, improve risk awareness and pay attention to investment risks.

1、 Secondary market transaction risk

The company's shares have risen for three consecutive trading days, and the price fluctuates greatly in the short term. As of the closing on March 4, 2022, the closing price of the company is 6.14 yuan, with an increase of 33.19% for three consecutive trading days. The static P / E ratio is 44.57 times and the dynamic P / E ratio is 31.00 times. The current P / E ratio of the company is higher than the average level of Listed Companies in the same industry. The company suggests that investors invest rationally, improve risk awareness and pay attention to investment risks.

The comparison between Ningbo P / E ratio and the level of the same industry is as follows (as of the closing on March 4, 2022):

Stock code company abbreviation: dynamic price earnings ratio (TTM), static price earnings ratio (Lyr) price to book ratio (MRQ)

Cosco Shipping Holdings Co.Ltd(601919) .SH Cosco Shipping Holdings Co.Ltd(601919) 3.24 29.42 2.61

China Merchants Energy Shipping Co.Ltd(601872) .SH China Merchants Energy Shipping Co.Ltd(601872) 17.58 13.34 1.42

Cosco Shipping Development Company Limited(601866) .SH Cosco Shipping Development Company Limited(601866) 8.64 21.55 1.73

Shanghai Zhonggu Logistics Co.Ltd(603565) .SH Shanghai Zhonggu Logistics Co.Ltd(603565) 13.95 28.33 3.26

Cosco Shipping Energy Transportation Co.Ltd(600026) .SH Cosco Shipping Energy Transportation Co.Ltd(600026) 54.65 13.63 0.95

Hainan Strait Shipping Co.Ltd(002320) .SZ Hainan Strait Shipping Co.Ltd(002320) 35.10 53.18 3.30

Cosco Shipping Specialized Carriers Co.Ltd(600428) .SH Cosco Shipping Specialized Carriers Co.Ltd(600428) 19.38 85.21 1.08

Chang Jiang Shipping Group Phoenix Co.Ltd(000520) .SZ Chang Jiang Shipping Group Phoenix Co.Ltd(000520) 53.23 402.76 8.82

Ningbo Marine Company Limited(600798) .SH Ningbo Marine Company Limited(600798) 31.00 44.57 1.98

Data source: Hithink Royalflush Information Network Co.Ltd(300033)

2、 There is no significant change in the company's main business

The company is mainly engaged in the transportation of ordinary cargo ships and refined oil tankers along the coast of China and the middle and lower reaches of the Yangtze River; The international ship general cargo transportation and the west section of Ningbo Ring Expressway operated by Mingzhou expressway, the holding subsidiary, have not changed their main business so far.

The board of directors of the company reminds investors that China Securities Journal, Shanghai Securities News and the website of Shanghai Stock Exchange (www.sse. Com. CN.) It is the information disclosure media designated by the company. The relevant information shall be subject to the relevant announcements published by the company in the above designated information disclosure newspapers and websites. Please invest rationally and pay attention to investment risks.

It is hereby announced.

Ningbo Marine Company Limited(600798) board of directors March 5, 2022

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