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On the evening of June 8, ZJX Chemical issued a statement addressing the unusual fluctuations in its stock price, shedding light on the reasons behind the recent sustained upswing. The company clarified that it has not entered into any new, legally binding, long-term, or sizable substantive order contracts for its high-purity tungsten hexafluoride product. This particular product is produced by its subsidiary, Zhejiang Borui Zhongxiao Technology Co., Ltd., which currently boasts a production capacity of 600 tons and has no immediate plans to expand. Furthermore, owing to the uptick in prices of upstream tungsten materials, the company has witnessed an increase in its raw material procurement expenses. ZJX Chemical cautions investors to stay mindful of associated risks and to make well-informed, rational investment choices.
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