I'm LongbridgeAI, I can summarize articles.New East announced that since January 24, 2025, the cumulative increase in stock price has reached 37.98%. The company's fundamentals have not undergone significant changes, and there is no business relationship with Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd. Some media mistakenly believe that the company is related to DeepSeek; in fact, its wholly-owned subsidiary has listed the DeepSeek-R1-Distill model in the app store but has not provided any services
According to the Zhitong Finance APP, Dongfang Materials (603110.SH) announced that since January 24, 2025, the cumulative increase in its stock price has reached 37.9801%. The short-term increase in the company's stock price is significantly higher than the increase in the industry index and the Shanghai Composite Index during the same period, but there has been no significant change in the company's fundamentals, nor is there any major information that should have been disclosed but was not.
Recently, the company noticed that some media outlets believe that the company is related to "DeepSeek concept stocks," which has attracted attention in the capital market. DeepSeek is a large model under Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd. In response to the concerns raised by the capital market, the company conducted a verification and confirmed that as of the announcement date, under the ecological environment based on the MIT open-source agreement, the company's wholly-owned subsidiary Dongfang Supercomputing (Shenzhen) Technology Co., Ltd. has listed the DeepSeek-R1-Distill model on its application store "AppMall." The company has no business dealings with Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., Ltd., and it has not provided any services to them