Core Viewpoint - Qingyue Technology has been investigated by the China Securities Regulatory Commission (CSRC) for suspected false reporting of financial data in regular reports [1][2]. Group 1: Regulatory Actions - On October 31, Qingyue Technology announced that it received a notice of investigation from the CSRC due to allegations of false financial data reporting [2]. - The company stated that if the CSRC's administrative penalties confirm violations that fall under the major illegal delisting circumstances as per the Shanghai Stock Exchange's listing rules, its stock may face mandatory delisting [4]. Group 2: Previous Warnings - In August 2023, Qingyue Technology received a warning letter from the Jiangsu Securities Regulatory Bureau, highlighting three main issues: improper use of raised funds, non-standard financial accounting for CTP+OLED product trade, and undisclosed related party transactions [5]. Group 3: Financial Performance - For the third quarter of 2025, Qingyue Technology reported total revenue of 476 million CNY, a year-on-year decrease of 13.64% [6]. - The net profit attributable to shareholders was -43.35 million CNY, an increase of 11.3% year-on-year, indicating a narrowing of losses [6]. - The company’s total costs for the same period were 538 million CNY, reflecting a decrease in revenue and ongoing operational pressures [6]. Group 4: Market Data - As of October 31, Qingyue Technology's stock price was 8.94 CNY per share, with a total market capitalization of 4 billion CNY [6][7]. - The stock has experienced a 52-week high of 11.20 CNY and a low of 6.10 CNY, indicating volatility in its market performance [7].
监管出手！688496，立案