1月5日晚间，清越科技披露立案调查进展暨风险提示公告。 此前清越科技于2025年11月1日在上海证券交易所网站披露了《清越科技关于公司收到中国证券监督管理委员会立案告知书暨风险提示的公告》，因公司 涉嫌定期报告等财务数据虚假记载，根据《中华人民共和国证券法》《中华人民共和国行政处罚法》等法律法规，中国证监会决定对公司立案。 公司表示，若后续经中国证监会行政处罚认定的事实，触及《上海证券交易所科创板股票上市规则》规定的重大违法强制退市情形，公司股票将被实施重 大违法强制退市。截至本公告披露日，中国证监会的调查尚在进行中，公司尚未收到就上述立案事项的结论性意见或决定。 清越科技称，目前公司各项经营管理、业务及财务状况均正常。针对本次立案事项，公司高度重视，将积极配合中国证监会调查，并严格按照相关法律法 规要求履行信息披露义务，每月披露1次风险性提示公告，说明立案调查进展情况。 资料显示，清越科技主要从事OLED等新型显示器件的研发、生产和销售。 清越科技最新财报显示，去年前三季度公司实现营业总收入4.76亿元，同比下降13.64%；归母净利润亏损4335.34万元，上年同期亏损4887.5万元；扣非净 利润亏损4 ...

Group 1 - The core point of the news is that Qingyue Technology's stock has experienced a decline, with a drop of 1.16% on December 30, bringing the share price to 5.94 yuan, and a total market value of 2.673 billion yuan [1] - Qingyue Technology has seen a cumulative decline of 2.12% over the past three days, indicating a downward trend in its stock performance [1] - The company specializes in the research, production, and sales of small and medium-sized display panels, with its main revenue sources being electronic paper modules (70.01%), PMOLED (18.36%), and AMOLED (3.85%) [1] Group 2 - Among the top shareholders of Qingyue Technology, Minsheng Jia Yin Fund's "Minsheng Jia Yin Sustained Growth Mixed A" has increased its holdings by 695,900 shares, now holding a total of 3.1959 million shares, which represents 1.34% of the circulating shares [2] - The fund has reported a year-to-date return of 32.25% and a one-year return of 27.81%, ranking 2819 out of 8087 and 3148 out of 8085 respectively [2] - The fund manager, Fan Mingyue, has been in position for 345 days, with the best fund return during this period being 34.02% [2]

每经头条（nbdtoutiao）——新能源重卡爆单了，11月销量同比增长178%！两班倒都供不应求，客户直 接进厂催单，这情景十年难遇 （记者 曾健辉） 每经AI快讯，清越科技（SH 688496，收盘价：6.1元）12月22日晚间发布公告称，公司第二届第二十二 次董事会会议于2025年12月19日在公司会议室以现场和线上相结合的方式召开。会议审议了《关于2026 年度银行授信额度预计的议案》等文件。 2024年1至12月份，清越科技的营业收入构成为：电子纸模组占比70.01%，PMOLED占比18.36%， AMOLED占比3.85%，其他业务占比3.61%，硅基OLED占比1.69%。 截至发稿，清越科技市值为27亿元。 ...

今年8月，清越科技曾因募集资金使用违规、财务核算不规范、关联交易未披露等问题，收到江苏证监 局警示函。11月，公司披露收到证监会《立案告知书》，理由为"涉嫌定期报告等财务数据虚假记载"。 若最终认定构成重大违法，公司股票可能被实施强制退市。 为提升市场信心，11月4日，清越科技董事长、实际控制人高裕弟提议以自有资金回购1000万至2000万 元股份，用于股权激励或员工持股计划。 业内人士指出，立案调查期间，上市公司实控人以个人资产为公司"背书"，撤回可能受影响的回购提 议，转而用承担赔偿的方式为投资者兜底，一定程度上体现其主动维护投资者利益的决心和信心。 清越科技主要从事OLED等新型显示器件的研发、生产和销售，凭借在有机光电子器件和技术领域的长 期积累，公司以PMOLED技术起步，逐步形成了以PMOLED、电子纸模组与硅基OLED微显示器三大业 务为主的产品架构与业务格局，产品主要应用于智能家居、医疗健康、车载工控、消费电子、穿戴显 示、商超零售、近眼显示等领域。(齐和宁) 清越科技(688496)12月12日公告，公司近期收到证监会出具的立案告知书，因公司涉嫌定期报告等财务 数据虚假记载，证监会决定对公司 ...

清越科技（688496）实控人撤回了股份回购提议。 12月12日晚，清越科技公告，公司董事长、总经理、实际控制人高裕弟基于公司目前正处于被立案调查 这一情况，为主动维护投资者合法权益，决定撤回股份回购提议。 今年10月31日，清越科技公告收到证监会出具的《立案告知书》，因公司涉嫌定期报告等财务数据虚假 记载，根据《中华人民共和国证券法》《中华人民共和国行政处罚法》等法律法规，中国证监会决定对 公司立案。 公告披露后，清越科技于11月3日跌停，11月4日继续大跌。 12月12日，清越科技在公告中披露，高裕弟决定撤回股份回购提议的同时，向公司董事会提交了《关于 撤回股份回购提议并自愿承担未来上市公司一定范围民事赔偿额的承诺》。 清越科技表示，结合《中华人民共和国证券法》《最高人民法院关于审理证券市场虚假陈述侵权民事赔 偿案件的若干规定》等法律法规及司法解释，公司存在因定期报告等财务数据虚假记载而被投资者提起 民事诉讼、进而产生民事赔偿责任的风险。 高裕弟承诺并自愿承担未来上市公司可能产生的一定范围的民事赔偿额。若公司因前述立案调查涉及的 信息披露违规行为被投资者提起民事诉讼的赔偿要求，且被人民法院判决确定承担民事 ...

北京商报讯（记者 马换换 李佳雪）A股出现罕见一幕，实控人回购股份提议撤销。12月12日晚间，清 越科技（688496）披露公告称，公司实际控制人、董事长兼总经理高裕弟决定撤回此前提出的股份回购 提议，并承诺自愿承担上市公司未来可能产生的一定范围的民事赔偿额。 清越科技表示，若公司因立案调查涉及的信息披露违规行为被投资者提起民事诉讼并被法院判决承担民 事赔偿责任，高裕弟将在法院生效判决确定的履行期限内，替代公司向投资人承担不低于人民币1000万 元的赔偿金额。该赔偿金额作为对上市公司的捐赠，不再追偿。为保障承诺履行，高裕弟同意将其通过 昆山和高信息科技有限公司持有的公司900万股股票质押给上市公司全资子公司义乌清越光电技术研究 院有限公司。 未曾料到，仅逾一个月，高裕弟便撤回了回购股份提议。 值得一提的是，提议回购股份消息披露后，清越科技股价自11月5日起出现一波反弹，11月5日—17日这 9个交易日，清越科技区间累计涨幅达17.27%，区间最高价达到7.49元/股。不过，11月18日之后，清越 科技股价出现一波下跌，截至12月12日收盘，公司股价报6.05元/股，总市值约为27.23元/股。 资料显示，清越 ...

Core Viewpoint - Qingyue Technology is facing an unprecedented crisis due to an investigation by the China Securities Regulatory Commission (CSRC) for suspected false financial reporting, leading to significant concerns about its business performance and future prospects [2][10]. Group 1: Company Performance and Financials - Qingyue Technology reported a net loss of approximately 0.7 billion yuan for 2024, marking two consecutive years of losses [2]. - The company's revenue for 2023 was 6.61 billion yuan, a significant decline of 36.69% year-on-year, with electronic paper module product revenue dropping by 34.47% and a negative gross margin of 7.25% [6]. - The primary reason for the performance decline was attributed to a decrease in orders from its largest customer, Hanshuo Technology, which began producing its own electronic paper modules [6][7]. Group 2: IPO and Customer Dependency - During its IPO, Qingyue Technology presented an overly optimistic view of its relationship with Hanshuo Technology, claiming a stable and sustainable partnership for 3 to 5 years [4][5]. - The strategic cooperation agreement with Hanshuo Technology included provisions for priority procurement and supply, which were critical to Qingyue's valuation during the IPO [3]. - Despite the initial optimism, the reality of Hanshuo's self-built production line, which began operations in 2022, has severely impacted Qingyue's sales, with over 99% of its electronic paper module revenue dependent on Hanshuo [6][7]. Group 3: Regulatory Issues and Investigations - Qingyue Technology received a notice from the CSRC regarding an investigation into potential false financial reporting, which could lead to severe penalties, including forced delisting [10][11]. - Prior to this, the company had already been warned by the Jiangsu Securities Regulatory Bureau for issues related to the misuse of raised funds and undisclosed related-party transactions [11][12]. - The ongoing investigation raises questions about the company's disclosure practices during its IPO, particularly regarding the risks associated with Hanshuo's production capabilities [10].

Core Viewpoint - Suzhou Qingyue Optoelectronics Technology Co., Ltd. (Qingyue Technology) is facing a potential delisting due to a formal investigation by the China Securities Regulatory Commission (CSRC) for suspected financial data falsification, following a series of operational and financial issues [1][3][21] Group 1: Financial Misconduct and Investigations - Qingyue Technology has been under scrutiny for financial misconduct, including violations in the use of raised funds and improper financial accounting practices [5][8] - The company was previously warned by the Jiangsu Securities Regulatory Bureau regarding multiple issues, including undisclosed related party transactions [5][10] - In 2023, Qingyue Technology improperly recognized revenue, inflating its operating income and costs by 13.67 million yuan [8][9] Group 2: Performance Decline - The company has experienced a significant decline in performance, with revenues dropping from 10.44 billion yuan in 2022 to 6.61 billion yuan in 2023, and a net loss of approximately 1.87 billion yuan over three years [16][17] - The operating income for the first three quarters of 2025 was 476 million yuan, a year-on-year decrease of 13.64%, with a particularly sharp decline of 41.40% in the third quarter [18][20] Group 3: Dependency on Major Clients - Qingyue Technology's revenue is heavily reliant on its electronic paper module business, which accounted for over 70% of its income in 2024 [18][20] - The company faces pressure from declining product prices, with the average selling price of electronic paper modules dropping from 20.88 yuan per unit in 2022 to 17.76 yuan in 2024 [19][20] - A significant portion of the revenue from electronic paper modules comes from Han Shuo Technology, contributing 99% and 88% of the revenue in 2023 and 2024, respectively [20]

Core Viewpoint - Qingyue Technology is facing an unprecedented crisis due to an investigation by the China Securities Regulatory Commission (CSRC) for suspected false financial reporting, leading to significant concerns about its financial health and future performance [1][16]. Financial Performance - Qingyue Technology reported a net profit of approximately -0.7 billion yuan for 2024, marking two consecutive years of losses [1]. - The company's 2023 annual report revealed a net profit of -1.18 billion yuan, a significant decline from a profit of 55.89 million yuan in the previous year [9]. - Revenue for 2023 was 6.61 billion yuan, a year-on-year decrease of 36.69%, with electronic paper module product revenue dropping by 34.47% [9][11]. Client Dependency and Risks - The company's largest client, Hanshuo Technology, accounted for over 99% of its electronic paper module business revenue, indicating a high dependency on a single customer [11]. - Hanshuo Technology began producing its own electronic paper modules in 2022, which has significantly reduced its procurement from Qingyue Technology [12][19]. - The strategic cooperation agreement between Qingyue Technology and Hanshuo Technology, which promised stable collaboration for 3-5 years, has been undermined by Hanshuo's self-sufficiency [6][7]. Regulatory Issues - Qingyue Technology received a notice from the CSRC regarding an investigation into potential false financial reporting, which could lead to severe penalties, including forced delisting [16][19]. - Prior to this, the company had already faced scrutiny from the Jiangsu Securities Regulatory Bureau for issues related to the use of raised funds and undisclosed related-party transactions [18]. IPO and Market Expectations - During its IPO, Qingyue Technology presented an overly optimistic view of its relationship with Hanshuo Technology, claiming a long-term stable partnership without acknowledging the risks posed by Hanshuo's self-built production lines [2][6]. - The initial projections of stable cooperation have proven to be inaccurate, as evidenced by the rapid decline in sales and profitability following the IPO [7][9].

Group 1 - The core viewpoint of the news is that Qingyue Technology's stock has increased by 5.03%, reaching a price of 7.31 yuan per share, with a total market capitalization of 3.29 billion yuan [1] - Qingyue Technology, established on December 30, 2010, is located in Kunshan, Jiangsu Province, and specializes in the research, production, and sales of small and medium-sized display panels [1] - The company's main business revenue composition includes: electronic paper modules 70.01%, PMOLED 18.36%, AMOLED 3.85%, and other segments such as silicon-based OLED 1.69%, CTP 1.67%, TFT-LCD 0.64%, and CTP+OLED 0.17% [1] Group 2 - Among the top circulating shareholders of Qingyue Technology, Penghua Fund's Penghua Preferred Growth Mixed A (010488) has entered the top ten, holding 2.1654 million shares, accounting for 0.91% of the circulating shares [2] - The fund has achieved a year-to-date return of 38.64%, ranking 2103 out of 8140 in its category, and a one-year return of 29.35%, ranking 2304 out of 8056 [2] - The fund manager, Jiang Xin, has a tenure of 9 years and 146 days, with the fund's total asset size at 5.648 billion yuan and a best return of 136.96% during his tenure [3]