9 days with 5 daily limits up! 600722, speaks out on stock price movement!

Stimulated by the recent wave of product price increases in the chemical industry, A-share chemical concept stocks have surged continuously. On the evening of March 12, chemical companies such as Jinniu Chemical (600722) and Baichuan Co., Ltd. (002455) disclosed abnormal stock price movement announcements.

On March 12, Jinniu Chemical hit the daily limit again. As of now, Jinniu Chemical has hit the limit five times within nine trading days, with a total increase of 64.18%.

On the evening of March 12, Jinniu Chemical announced that it was investigating the abnormal fluctuations in its stock trading. The company stated that recent geopolitical factors and fluctuations in international energy prices, as well as potential changes in the supply of chemicals like methanol, may cause short-term price volatility. Currently, the company’s production and operations are normal, and there have been no major policy adjustments in the industry recently. The company, its controlling shareholders, and actual controllers have no undisclosed or planned major matters that need disclosure. Investors are advised to be cautious of risks.

Jinniu Chemical was established on June 17, 1996. Its main business is the production and sale of methanol through its holding subsidiary Jinniu Xuyang, with an annual capacity of 200,000 tons. In the first three quarters of 2025, Jinniu Chemical reported a net profit of 36.0285 million yuan, a decrease of 2.9314 million yuan or 7.52% year-on-year from 38.9599 million yuan in the same period of 2024.

Jinniu Chemical stated that, according to the industry classification by the China Securities Regulatory Commission, its industry is “Chemical Raw Materials and Chemical Products Manufacturing.” The latest (data up to March 11, 2026) static P/E ratio from China Securities Index Co. is 35.90 times, while the current (data up to March 12, 2026) static P/E ratio is 199.09 times, far exceeding industry index indicators. The company’s stock price has surged significantly in the short term, and investors are advised to be aware of trading risks in the secondary market.

Data from the龙虎榜 (Top Traders List) shows that Jinniu Chemical appeared five times on the list for three consecutive trading days due to a cumulative deviation of 20% in price increase, a daily turnover rate of 20%, and a daily amplitude of 15%. The top buying and selling brokerages collectively bought a net amount of 31.67 million yuan.

Notably, Jinniu Chemical is just the tip of the iceberg among the recent surge of chemical concept stocks. According to Choice data, on March 12, a total of 64 stocks in the Shanghai and Shenzhen markets hit the daily limit. These stocks are mainly concentrated in the chemical and environmental protection industries. Wind data shows that on March 12, the net inflow of main funds into the chemical industry in A-shares was the highest, amounting to 2.362 billion yuan.

On the evening of March 12, Baichuan Co., Ltd. also disclosed an abnormal stock trading announcement, stating that recent market supply and demand factors have led to an increase in the market prices of some chemical products. However, due to the uncertainty of the sustainability of these price fluctuations, it is currently impossible to estimate their impact on the company’s performance. Investors are advised to invest rationally and be aware of investment risks.

Baichuan Co., Ltd.'s main business involves fine chemicals, new materials, and new energy sectors. On January 30, 2026, Baichuan Co., Ltd. announced that it expects a net profit of between -110 million yuan and -60 million yuan for 2025, representing a year-on-year decline of 201.22% to 155.21%.

In recent news, several chemical companies such as Jianbang Co., Ltd., Jinghe Integration, Runtu Co., Ltd., Satellite Chemical, Hongqiang Co., Ltd., and Huafeng Superfiber announced that their product prices have increased.