On July 9, Maxwell (Muxi) Technology released an official announcement to refute the circulating rumor that claimed its "product orders are fully booked until next year," categorically stating that this rumor is untrue. The company clarified that the statements made by Sun Guoliang, the Chief Product Officer and Senior Vice President, did not pertain to the company's order status in any way. Presently, Maxwell (Muxi) Technology's production and operations are proceeding as usual, and there is no material information that has not been disclosed but should be. In the same announcement, Maxwell (Muxi) Technology also shared its financial results for the first quarter of 2026. The company reported a revenue of 562 million yuan; however, it also incurred a net loss attributable to the parent company amounting to 98.8424 million yuan, underscoring that it is still operating at a loss. Furthermore, the company's price-to-book ratio is notably higher than the industry average, which could pose risks of overvaluation and substantial stock price volatility.