China's Everbright: Warning of stock price increase, operating losses and other investment risks.

China First Heavy Industries announced that the company's stock price had a cumulative deviation of over 20% from the closing prices on January 9, 12, and 13, with a consecutive limit-up on the 14th. Since December 2025, the closing price has increased by 113.12%, but the fundamentals have not changed, posing a risk of a sharp decline after a rapid rise. The net profit for the third quarter of 2025 was -78.5995 million yuan, indicating a risk of operating losses. The average turnover rate of the stock on January 13 and 14 was 12.80%, indicating a high trading risk. In addition, although the company is listed as a "controlled nuclear fusion" concept stock, the related products have not generated revenue.