Zheng Quan Shi Bao·2025-09-19 13:42Core Viewpoint - ST New Power (300152) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, while the company claims its operations remain normal during the investigation [2][6]. Group 1: Investigation and Regulatory Actions - ST New Power has not specified the exact reasons for the investigation in its announcement, but it has faced multiple regulatory penalties over the past year [6]. - In January, the Hebei Securities Regulatory Bureau issued several administrative regulatory measures against ST New Power, citing violations in operational norms, internal controls, and information disclosure [6]. - The company has been criticized for poor governance, including unclear understanding of governance requirements by the chairman and directors, ineffective decision-making mechanisms, and inadequate management of insider information [6]. Group 2: Financial Performance - ST New Power has reported continuous losses for four consecutive years since 2021, with a revenue of 0.97 billion yuan in the first half of this year, representing a year-on-year decrease of 5.66% [7]. - The net profit for the same period was -7.2861 million yuan, showing a reduction in losses compared to previous periods but still indicating a loss [7]. Group 3: Business Overview - The main business of ST New Power focuses on energy-saving combustion, providing comprehensive solutions for energy-saving ignition, clean combustion, and industrial exhaust gas treatment, serving various industries including power generation, petrochemicals, metallurgy, and construction [7].