Nancal Technology (603859.SH) announced that from September 25, 2024 to the date of this announcement, the cumulative increase in the company's stock closing price has reached 130.87%, indicating the risk of a possible decline in the stock price due to the rapid short-term increase. As of November 8, 2024, the company's stock closing price was 34.33 yuan per share, with a turnover ratio of 18.57% on the date of this announcement. Following abnormal fluctuations in the stock price from November 5 to November 7, the stock hit the limit up again on November 8, with significant price volatility.
The company recently noted some market rumors related to the company's engagement in large-scale models, military industry, and commercial aerospace business. The revenue from large-scale model-related business in 2023 accounted for approximately 1.5% of the annual income, which is relatively small and does not have a significant impact on the company's performance. The related business in 2024 is still in the expansion stage, with some uncertainties in the future. The company's main business is the research and development of industrial software products, providing cloud products and services, and other digital transformation solutions to manufacturing industry clients. The downstream customers include central state-owned enterprises in heavy industry, but the company itself is not engaged in military industry or commercial aerospace equipment business.