立案调查尚未收到结论，清越科技退市风险高悬

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 significant penalties and potential delisting from the Shanghai Stock Exchange if found guilty [1]. Financial Performance - For the first three quarters of the previous year, Qingyue Technology reported total revenue of 476 million yuan, a year-on-year decrease of 13.64% [2]. - 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 [2]. - In the third quarter alone, revenue was 147 million yuan, down 41.4% year-on-year, with net losses widening from 9.99 million yuan to 12.59 million yuan [2]. - The continuous losses are attributed to weak demand in the consumer electronics market and intensified competition, leading to declining product prices and increased inventory write-downs [2]. Regulatory Issues - Qingyue Technology has been issued a warning letter by the Jiangsu Securities Regulatory Bureau for three violations, including improper use of raised funds and undisclosed related-party transactions [3]. - The company is actively cooperating with the CSRC investigation and will provide monthly updates on the situation [1]. Market Reaction - Following the announcement of the investigation, Qingyue Technology's stock opened lower, dropping 2.31% to 5.91 yuan per share [3].