Changjin Photonics announced that the cumulative deviation value of the closing price drop of the company's stock trading exceeded 70% over 30 consecutive trading days, which was a serious abnormal fluctuation. After self-inspection and verification with the controlling shareholders and actual controllers, as of the date of disclosure of the announcement, the company should have disclosed no important information, and production and operation were normal. As of July 21, the company's closing price was 276.20 yuan/share. The latest price-earnings ratio on July 20 was 249.33 times, significantly higher than the industry average of 74.07 times, reminding investors to be aware of risks.

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