Suzhou QingYue Optoelectronics Technology (SH:688496) 中国基金报·2025-10-31 11:15Core Viewpoint - Qingyue Technology is under investigation by the China Securities Regulatory Commission (CSRC) for suspected false reporting of financial data in periodic reports [1][3]. Company Overview - Qingyue Technology primarily engages in the research, production, and sales of new display devices such as OLEDs, with a product structure focused on PMOLED, electronic paper modules, and silicon-based OLED micro-displays [8]. - The company's products are applied in various fields including smart home, healthcare, automotive control, consumer electronics, wearable displays, retail, and near-eye display XR [8]. Regulatory Issues - In August 2023, Qingyue Technology received a warning letter from the Jiangsu Securities Regulatory Bureau, citing three main issues: improper use of raised funds, non-standard financial accounting for CTP+OLED product trade, and undisclosed related party transactions [8]. - The CSRC's investigation could lead to significant legal consequences, including the possibility of mandatory delisting if major violations are confirmed [5]. Financial Performance - As of the third quarter of 2025, Qingyue Technology reported total revenue of 476 million CNY, a year-on-year decrease of 13.64% [9]. - The net profit attributable to the parent company was -43.35 million CNY, reflecting an increase in losses of 11.3% compared to the previous year [9]. - The company’s total costs for the same period were 538 million CNY, indicating a decline in operational performance [9]. Stock Market Information - As of October 31, 2023, Qingyue Technology's stock price was 8.94 CNY per share, with a total market capitalization of 4 billion CNY [10]. - 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 [10].