On July 1, 2026, Delon Laser released a risk warning announcement concerning stock trading. The announcement highlighted that the company’s stock price has recently experienced a notable surge, outpacing relevant indices such as the STAR Market Composite Index and the STAR 50 Index. This trend suggests potential risks associated with overheated market sentiment and irrational speculation. As of June 30, 2026, the company’s price-to-earnings (P/E) ratio reached 591.15 times, significantly exceeding the industry average of 55.11 times for the specialized equipment manufacturing sector. This high valuation presents inherent risks. Furthermore, the company reported a net loss of RMB 25.5314 million in the first quarter of 2026. Additionally, revenue generated from new business products related to glass substrate TGV accounted for a relatively minor portion of the total, with uncertain progress in this area. The company advises investors to remain vigilant about potential risks, make well-informed and rational decisions, and approach investments with caution.