Suzhou QingYue Optoelectronics Technology (SH:688496) 证券时报·2025-10-31 10:47Core Viewpoint - Qingyue Technology (688496) has been placed under investigation by the China Securities Regulatory Commission (CSRC) for suspected false reporting of financial data, which may lead to severe penalties including potential delisting from the Shanghai Stock Exchange if found guilty [1][3]. Company Overview - Qingyue Technology, established in 2010, specializes in IoT terminal display solutions and has grown into a leading high-tech enterprise in the industry. The company went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board in December 2022 [3]. Financial Performance - For Q3 2025, Qingyue Technology reported a revenue of 147 million yuan, a year-on-year decrease of 41.4%. The net profit attributable to shareholders was a loss of approximately 12.59 million yuan, primarily due to a decline in electronic paper module sales compared to the previous year [3][4]. - The company's total revenue for the year-to-date was approximately 476 million yuan, reflecting a decrease of 13.64% compared to the same period last year [4]. Market Capitalization - As of October 31, the total market capitalization of Qingyue Technology was approximately 4.023 billion yuan [4][5]. Regulatory Environment - The CSRC has recently issued guidelines to strengthen the protection of small investors, emphasizing the crackdown on fraudulent activities and financial misreporting. This includes holding controlling shareholders and actual controllers accountable for any illegal actions [5][6].