Core Viewpoint - Qingyue Technology (688496.SH) has received a notice of investigation from the China Securities Regulatory Commission (CSRC) due to suspected false reporting of financial data in periodic reports [1] Group 1: Regulatory Actions - The CSRC has issued an investigation notice (No. 0382025011) against the company for allegedly falsifying financial data in its periodic reports [1] - The investigation is based on violations of the Securities Law of the People's Republic of China and the Administrative Penalty Law [1] Group 2: Company Status - Despite the investigation, the company's operational management, business, and financial status remain normal [1]

格隆汇10月31日丨清越科技(688496.SH)公布，公司于近日收到中国证券监督管理委员会（以下简称"中 国证监会"）出具的《立案告知书》（编号：证监立案字 0382025011 号）。因公司涉嫌定期报告等财务 数据虚假记载，根据《中华人民共和国证券法》《中华人民共和国行政处罚法》等法律法规，中国证监 会决定对公司立案。目前公司各项经营管理、业务及财务状况正常。 ...

清越科技公告，公司于近日收到中国证监会出具的《立案告知书》。因公司涉嫌定期报告等财务数据虚 假记载，根据《中华人民共和国证券法》《中华人民共和国行政处罚法》等法律法规，中国证监会决定 对公司立案。若后续经中国证监会行政处罚认定的事实，触及《上海证券交易所科创板股票上市规则》 规定的重大违法强制退市情形，公司股票将被实施重大违法强制退市。 ...

Core Viewpoint - Qingyue Technology, established in December 2010 and listed on the Shanghai Stock Exchange in December 2022, is a small and medium-sized display panel manufacturer specializing in personalized small and medium-sized display system solutions, particularly in the electronic paper display sector [1] Group 1: Business Performance - In Q3 2025, Qingyue Technology reported revenue of 476 million yuan, ranking 26th out of 30 in the industry, significantly lower than the industry leader Sanan Optoelectronics at 13.817 billion yuan and second-place Mulinsen at 12.178 billion yuan [2] - The company's main business, electronic paper modules, generated 527 million yuan, accounting for 70.01% of total revenue [2] - The net profit for the same period was -60.68 million yuan, placing the company 27th in the industry, with a notable gap compared to the industry leader Leyard at 295 million yuan and second-place Mulinsen at 213 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Qingyue Technology's debt-to-asset ratio was 40.01%, an increase from 35.18% in the previous year, which is lower than the industry average of 46.71%, indicating good debt repayment capability [3] - The gross profit margin for Q3 2025 was 7.59%, down from 10.02% in the previous year, and below the industry average of 20.22%, suggesting a need for improvement in profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 12.49% to 7,053, while the average number of circulating A-shares held per account increased by 14.28% to 33,700 [5] - Among the top ten circulating shareholders, Minsheng Jia Yin Continuous Growth Mixed A ranked fourth with 3.196 million shares, an increase of 695,900 shares from the previous period [5]

Core Points - The Shanghai Composite Index closed at 4009.81 points, slightly down by 0.16%, with a total trading volume of 202.97 billion yuan [1] - A total of 29 A-shares have surpassed their annual moving average, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - The stocks with the highest deviation rates from their annual moving average include: - Huaihe Energy (5.10%) - Longban Media (3.78%) - China Oilfield Services (3.49%) [1] - Other stocks that have just crossed the annual moving average with smaller deviation rates include: - Fulete - China Railway - China National Heavy Duty Truck [1] Trading Data - The trading data for stocks that broke through the annual moving average on October 30 includes: - Huaihe Energy: +5.95% with a turnover rate of 5.94% - Longban Media: +3.99% with a turnover rate of 3.15% - China Oilfield Services: +4.58% with a turnover rate of 1.43% [1] - Additional stocks with notable performance include: - Guangha Tongxin: +7.41% - Runze Technology: +7.35% - BlueFocus Communication: +9.49% [1]

Core Insights - The company reported a total revenue of 476 million yuan for Q3 2025, ranking 62nd among disclosed peers, which represents a decrease of 75.21 million yuan or 13.64% year-on-year [1] - The net profit attributable to shareholders was -43.35 million yuan, ranking 65th among peers [1] - The operating cash flow was 13.64 million yuan, ranking 51st among peers [1] Financial Ratios - The latest debt-to-asset ratio is 40.01%, ranking 42nd among peers, which is an increase of 1.67 percentage points from the previous quarter and 4.83 percentage points from the same period last year [3] - The latest gross profit margin is 7.59%, ranking 72nd among peers, down by 2.43 percentage points year-on-year [3] - The latest return on equity (ROE) is -4.43%, ranking 68th among peers [3] Earnings Per Share and Turnover - The diluted earnings per share is -0.10 yuan, ranking 65th among peers [3] - The total asset turnover ratio is 0.26 times, ranking 61st among peers, which is a decrease of 0.02 times or 8.56% year-on-year [3] - The inventory turnover ratio is 1.54 times, ranking 63rd among peers [3] Shareholder Structure - The number of shareholders is 7,053, with the top ten shareholders holding 367 million shares, accounting for 81.54% of the total share capital [3] - The largest shareholder is Kunshan Hegao Information Technology Co., Ltd., holding 37.91% of the shares [3]

格隆汇10月29日丨清越科技(688496.SH)发布三季报，2025年前三季度实现营业总收入4.76亿元，同比下 降13.64%；归属母公司股东净利润-4335.34万元，较上年同期亏损减少552.16万元；基本每股收益为-0.1 元。 ...

Group 1 - The core viewpoint of the news is that Qingyue Technology reported a decline in revenue and a net loss for the third quarter of 2025, indicating financial challenges for the company [1] - Qingyue Technology's revenue for the first three quarters of 2025 was approximately 476 million yuan, a year-on-year decrease of 13.64% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 43.35 million yuan, with basic earnings per share showing a loss of 0.1 yuan [1] Group 2 - As of the report, Qingyue Technology has a market capitalization of 4 billion yuan [2] - The A-share market has recently surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology stocks leading the market's new "slow bull" trend [2]

Financial Performance - The company's revenue for Q3 2025 was ¥146,842,587.06, a decrease of 41.40% compared to the same period last year[2] - The total profit for the period was -¥17,893,527.36, with a net profit attributable to shareholders of -¥12,588,517.16, indicating significant losses[2] - Total operating revenue for the first three quarters of 2025 was ¥476,001,537.67, a decrease of 13.6% compared to ¥551,212,333.37 in the same period of 2024[15] - Net loss for the first three quarters of 2025 was ¥60,677,072.27, compared to a net loss of ¥65,189,358.04 in the same period of 2024, showing an improvement of 8.5%[16] - Operating profit for the first three quarters of 2025 was a loss of ¥57,122,568.78, slightly improved from a loss of ¥65,453,237.75 in 2024[15] Cash Flow - The net cash flow from operating activities was -¥40,726,617.36, indicating cash outflow during the quarter[2] - Cash flow from operating activities generated a net inflow of ¥13,647,071.67, a significant recovery from a net outflow of ¥36,258,829.64 in the previous year[17] - Cash flow from investing activities showed a net inflow of ¥72,739,786.20, compared to a net outflow of ¥145,083,961.71 in the same period of 2024[18] - Cash and cash equivalents at the end of the period increased to ¥164,121,694.55 from ¥145,027,479.19 in the previous year[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,828,996,419.02, showing a slight increase of 0.36% from the end of the previous year[3] - The company's current assets totaled RMB 949,946,958.06, up from RMB 909,307,644.34 in the previous period, indicating a growth of approximately 4.5%[12] - Total liabilities increased to RMB 731,818,727.64 from RMB 655,602,773.55, marking an increase of about 11.6%[14] - The company's equity attributable to shareholders decreased to RMB 979,643,006.14 from RMB 1,031,989,519.48, a decline of approximately 5.1%[14] - The company's total liabilities to equity ratio increased, indicating a higher leverage position compared to the previous period[14] Research and Development - Research and development (R&D) expenses amounted to ¥13,756,786.59, representing 9.37% of revenue, an increase of 2.94 percentage points year-on-year[3] - Research and development expenses decreased to ¥44,382,570.67 from ¥50,558,721.07, a reduction of 12.2%[15] - The company is investing 50 million CNY in R&D for new technologies aimed at enhancing product efficiency[20] Market Performance and Strategy - The company experienced a decline in electronic paper module sales, which contributed to the drop in revenue[6] - User data showed a growth of 25% in active users, totaling 1.2 million by the end of Q3 2025[20] - The company provided a revenue guidance of 600 million CNY for Q4 2025, representing a 20% increase compared to the same quarter last year[20] - New product launches contributed to a 10% increase in market share within the optical technology sector[20] - Market expansion efforts have led to a 30% increase in sales in the Asia-Pacific region[20] - The company plans to enter the European market by Q2 2026, targeting a 15% market penetration within the first year[20] - Strategic partnerships with key industry players are expected to drive a 20% increase in revenue by the end of 2026[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,053[8] - The largest shareholder, Kunshan Hegao Information Technology Co., Ltd., holds 37.91% of the shares, totaling 170,586,720 shares[8]

证券代码：688496 证券简称：清越科技 公告编号：2025-050 苏州清越光电科技股份有限公司 2025年第五次临时股东会决议公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 注：截至本次股东会股权登记日（2025年10月10日）的公司总股本为450,000,000股；其中公 司回购专用账户持有股份数为1,631,343股，不享有股东会表决权。 （四） 表决方式是否符合《公司法》及公司章程的规定，股东会主持情况等。 1、会议由公司董事会召集，董事长高裕弟先生主持； （一） 股东会召开的时间：2025 年 10 月 17 日 （二） 股东会召开的地点：江苏省昆山市高新区晨丰路 188 号苏州清越光电科 技股份有限公司 VIP 会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 45 | | --- | --- | | 普通股股东人数 | 45 | | 2 ...