On March 2, Litong Electronics disclosed that the cumulative deviation in the closing price (Note: retained for professional term consistency, though typically rendered as 'price deviation at closing') of its shares over two consecutive trading days had surged to 20%, signaling abnormal stock trading volatility. In response to market rumors regarding the company's alleged plans to invest in military-related enterprises, Litong clarified that it currently has no such investment intentions in the foreseeable future. At present, Jinning Microwave, an 80%-owned subsidiary of Litong Electronics, specializes in the production of microwave ferrite devices, with its products being utilized in sectors such as radar, satellite communications, and high-end medical imaging equipment. In 2023, Jinning Microwave reported revenue amounting to RMB 25.2935 million and a net profit of RMB 7.3615 million; in 2024, its revenue reached RMB 24.5117 million, accompanied by a net profit of RMB 6.8861 million. Given that Jinning Microwave's revenue scale remains relatively modest, it does not currently constitute a key strategic focus for Litong Electronics and makes only a minimal contribution to the company's overall operating performance.
