Mindong Electric Power: Abnormal Fluctuations in Stock Trading, Share Price Diverges from Performance

Mindong Electric announced that the company's stock closing price deviation for two consecutive trading days on September 11 and September 14, 2026, cumulatively exceeded 20%, constituting abnormal stock trading fluctuations; since September 9, the stock has hit the daily limit for 4 consecutive trading days, with a cumulative price deviation of 48.89%. As of September 11, the company's rolling price-to-earnings ratio was 371.65 times, significantly higher than the industry rolling price-to-earnings ratio of 59.76 times for the power sector. In the first half of 2026, the company achieved operating revenue of 237 million yuan, a year-on-year decrease of 17.65%; net profit attributable to the parent company was 29.4147 million yuan, a year-on-year decrease of 58.68%. The short-term stock price increase is clearly divorced from the company's operating conditions. The company has not carried out computing-power-electricity coordination or green electricity direct connection businesses, and none of the offshore wind power projects in which it holds equity stakes have commenced construction or been put into operation, and they are not expected to generate revenue or profit in 2026. Upon verification, there is no major undisclosed information that should be disclosed. Investors are kindly requested to invest rationally and be aware of risks.