Core Viewpoint - ST New Power (300152) is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, while the company claims its operations remain normal during the investigation [1][5]. Group 1: Investigation and Regulatory Actions - ST New Power has been subjected to multiple regulatory penalties over the past year, indicating ongoing governance issues [5]. - The Hebei Securities Regulatory Bureau issued several administrative regulatory measures against ST New Power in January, citing violations in operational norms, internal controls, and information disclosure [6]. - Specific issues included unclear governance by the chairman and directors, ineffective decision-making mechanisms, and inadequate management of insider information [6][7]. Group 2: Financial Performance - ST New Power has reported continuous losses for four consecutive years since 2021, with a revenue of 0.97 billion yuan in the first half of this year, representing a year-on-year decrease of 5.66% [9]. - The net profit for the same period was -7.2861 million yuan, showing a reduction in losses compared to previous periods but still indicating a loss [9]. Group 3: Corporate Governance Changes - On the same day as the investigation announcement, ST New Power completed the long-delayed election of its board of directors and supervisory board, appointing a new executive team [5].