Sunfar Chemical released an announcement indicating that the cumulative increase in its stock's closing price over 11 consecutive trading days has soared to 90.50%, significantly outpacing the corresponding rise in the Shanghai Composite Index. The company cautions investors that the short-term, rapid surge in stock price may be attributed to an overheated market sentiment and irrational speculation, and urges them to make judicious decisions and remain vigilant about potential risks. Following a self-assessment, the company confirmed the absence of any media reports that would substantially influence the stock price. However, it did observe a heightened market interest in the concept of memory chips. Sunfar Chemical's primary products are utilized in various sectors, including photovoltaics, optical fibers, fine chemicals, fertilizers, and electronic chips. Notably, revenue derived from memory chips accounts for less than 1% of the company's total operating income, exerting a minimal impact on its overall performance.
