5 days 4 boards Huayang New Materials: Once again clarifying that it does not possess rare earth permanent magnet concept attributes.

On June 17, Huayang New Materials announced that the company’s stock price has fluctuated sharply recently, and the cumulative increase has significantly deviated from the overall level of the industry. At present, the company’s business scale is small, the asset volume has certain limitations, and the market value scale is relatively low, which objectively makes the relevant operations have a certain degree of convenience. Recently, the company’s stock price has shown a relatively obvious upward trend, and on the whole, there is a risk of irrational speculation. The company said in the stock trading risk warning announcement disclosed on June 14 that the current main business and existing product system do not involve rare earth permanent magnet related fields. Today, it is clarified once again that it does not have the conceptual attributes of rare earth permanent magnets, and the company’s main business is the recycling and processing of precious metals such as platinum, rhodium and palladium.