Jintong News APP, Shandong Gold Phoenix (603586.SH) released an announcement that the company's stock has had consecutive daily closing price deviations of 20% or more on June 19th, 20th, and 21st, 2024. The company published a 'Shandong Gold Phoenix Co., Ltd. Stock Trading Exceptional Volatility Announcement' (Announcement No. 2024-032) on June 22nd, 2024. The company's stock rose again on June 24th, 2024.

The company's stock has risen by 35.10% since June 6th, 2024, while the SW Automotive Parts Index has fallen by 0.99% during the same period, and the SSE Composite Index has fallen by 2.81% during the same period. The short-term increase in the company's stock is higher than the increase in the industry and the Shanghai Composite Index, indicating an overheated market sentiment, but the company's fundamentals have not undergone major changes, and there is also no undisclosed major information that should be disclosed.

The company stated that its main products are automotive brake pads, automotive brake discs, rail transit brake pads, and industrial brake products. In 2023, the company achieved revenue of 1.604 billion yuan, a decrease of 12.31% compared with the same period last year; net income attributable to shareholders of the listed company was 133 million yuan, a decrease of 31.07% compared with the same period last year. In the first quarter of 2024, the company achieved revenue of 375 million yuan, a decrease of 18.37% compared with the same period last year; net income attributable to shareholders of the listed company was 17.345 million yuan, a decrease of 61.79% compared with the same period last year. Please note the business risks.