Red Cotton Co., Ltd. (000523.SZ): There is some uncertainty about the impact of matters such as production cuts in major sugar producing countries on the company's short-term business performance due to the El Niño climate

Zhitong Finance App News, Cotton Co., Ltd. (000523.SZ) issued an announcement. The cumulative deviation value of the closing price increase of the company's stock exceeded 20% for 2 consecutive trading days on September 8 and September 9, 2026. According to the relevant regulations of the Shenzhen Stock Exchange, this is a situation where stock trading fluctuates abnormally. In the first half of 2026, the company's sugar business achieved revenue of about 725 million yuan, accounting for 68.07% of the company's revenue. Up to now, the production and operation of the company's sugar business has remained normal. There is some uncertainty about the impact of matters such as rising international raw sugar prices and the possible reduction of production in major sugar producing countries on the company's short-term business performance.