Hangxiao Steel Structure: Abnormal fluctuations in stock price, reminder of trading and operational risks.

Hangxiao Steel announced that the deviation of the closing price of the company's stock on January 12-13 exceeded 20%, indicating abnormal fluctuations. The stock price had hit the daily limit for four consecutive days from January 8-13, with a cumulative deviation of 46.80%. The amount jointly won in recent projects accounts for less than 1% of the revenue in 2024, and has no significant impact on performance. Upon self-examination, the company has no "commercial aerospace" business, and its main steel structure business remains unchanged. In the first three quarters of 2025, the company's net profit was 148.81 million yuan, a year-on-year decrease of 27.51%; non-GAAP net profit was 83.18 million yuan, a year-on-year decrease of 55.64%. The current stock price shows a significant difference from the fundamentals, reminding investors to be aware of risks.