Three Consecutive Days Limit Bird Risk

In the evening of November 25th, 603555 people issued a risk warning announcement on three consecutive trading days, prompting investors to pay attention to investment risk.

It is understood that the price of the Shanghai bird's stock rose 20% in the three consecutive trading days in November 20, 2019, November 21st and November 22nd. According to the relevant provisions of the "trading rules of the stock exchange of the stock exchange", the stock price fluctuated in November 25th.

According to the company's own investigation, the company has verified the controlling shareholder and the actual controller. As of the announcement date, the company, the controlling shareholder and the actual controller do not have significant information that should be disclosed but not disclosed. Companies invite investors to pay attention to the two level market trading risk, rational decision-making, prudent investment.

Now, the industry and main business of the company remain unchanged. The industry belongs to the textile and garment industry. Its main business is the research and development, design, production and sale of sports shoes and garments. Since the second half of 2018, due to the company's stock price drop, the controlling shareholder's risk of equity pledge, the influence of public opinion, the limited financing ability of the company and the decline in operating performance, the liquidity of the listed company is tight. At present, the company can only maintain the smooth operation of its main business. In addition, the company's performance in 2018 and the first three quarters of 2019 showed significant losses.

Data show that the stock of birds of the Republic of China has been trading for three consecutive trading days (November 21st, November 22nd and November 25th). The company suggested that the stock market fluctuated significantly, and the volume of transactions increased significantly, which exceeded most share prices of the same industry and exceeded the Shanghai Composite Index and the textile and garment sector. As of the closing date of November 25, 2019, the company's dynamic P / E is still negative, with a net market rate of 1.74. Compared with the same industry, the company's profitability is weak.

In addition to the above risks, the company also indicated that the company had a large debt default risk, controlling shareholders' equity pledge, freezing and auction risks.