Bingshan Hot and Cold announced that the cumulative deviation value of the company's stock closing price increase exceeded 20% for three consecutive trading days, which is an abnormal fluctuation in stock trading. The company's latest price-earnings ratio is 153.31 times, which is 41.05 times higher than that of the same industry; as of 2026, the ice and snow stadium business has not confirmed revenue, and the impact on 2026 revenue and profit is small. The liquid cooling-related business is mainly in the R&D, trial production and initial promotion stage. There is only sporadic revenue in 2026, and it is uncertain how long some products can be put into commercial use. The company claims that there have been no major changes in the recent business situation or internal and external business environment, and that there are no major matters that should be disclosed but not disclosed.

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