688496，遭立案调查！

Core Viewpoint - Qingyue Technology is under investigation by the China Securities Regulatory Commission (CSRC) for suspected false reporting of financial data, which may lead to mandatory delisting if found guilty [1] Financial Performance - For the first three quarters of the year, Qingyue Technology reported total revenue of 476 million yuan, a year-on-year decrease of 13.64% [3] - The company recorded a net loss attributable to shareholders of 43.35 million yuan, compared to a loss of 48.88 million yuan in the same period last year [3] - In Q3, revenue was 147 million yuan, down 41.4% year-on-year, with a net loss widening from 9.99 million yuan to 12.59 million yuan [3] Loss Trends - Qingyue Technology has been in a loss position for over two years, with projected net losses of 118 million yuan in 2023 and 69.49 million yuan in 2024 [4] - The primary reasons for continued losses include weak demand in the consumer electronics market and intensified competition, leading to declining product prices and increased inventory write-downs [4] Gross Margin Analysis - The gross margin for 2023 was only 3%, significantly lower than 18.35% in 2022 and 30.82% in 2020 [4] - The gross margin is expected to improve to 8.7% in 2024, but it remains below industry averages [5] Regulatory Issues - Qingyue Technology has faced multiple regulatory violations, including improper use of raised funds and non-compliance in financial accounting for new product lines [6][6] - The company failed to disclose related party transactions, which included a contract with a company controlled by a close relative of the actual controller [6]