Songfa shares: There may be a risk that the total market capitalization after the issuance of the company's shares to purchase assets exceeds the valuation upper limit of Hengli Heavy Industry.

On November 5th, Jin10 Data reported that Songfa Stock issued a stock trading risk warning announcement. As of the close of November 5th, 2024, the company's stock price was 54.53 yuan/share. There is a risk that the total market capitalization after the issuance of the company's shares purchase assets may exceed the valuation upper limit of Hengli Heavy Industry. If the audited total profit, net profit or net profit excluding non-recurring gains and losses for the year 2024 disclosed in the annual report for 2024 is negative and the operating income is less than 300 million yuan, the company's stock may be subjected to delisting risk warning. We kindly remind investors to pay attention to investment risks and invest rationally.

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