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 (688496) faces regulatory scrutiny from the China Securities Regulatory Commission (CSRC) due to financial reporting issues, leading to a significant drop in stock price on November 3, 2023 [2][3] Financial Performance - Qingyue Technology's financial performance has been declining since its IPO in 2022, with net profit turning negative in the following year and continuing losses into 2025 [2][9] - Revenue figures for 2022 to 2024 are approximately 1.044 billion, 661 million, and 753 million respectively, with corresponding net profits of approximately 55.89 million, -118 million, and -69.49 million [9] - For the first three quarters of 2025, the company reported revenue of about 476 million, a year-on-year decrease of 13.64%, and a net loss of approximately -43.35 million, indicating a reduction in losses but still not achieving profitability [9] Regulatory Issues - On November 1, 2023, Qingyue Technology received a "Notice of Case Filing" from the CSRC for suspected false reporting of financial data, which could lead to mandatory delisting if deemed a serious violation [3] - The company had previously received a warning letter from the Jiangsu Securities Regulatory Bureau for three main issues: improper use of raised funds, non-compliance in financial accounting for new product lines, and undisclosed related party transactions [4] Legal Matters - In March 2024, Qingyue Technology was involved in a contract fraud case linked to its subsidiary, which raised concerns about its operational integrity [5][6] - The company clarified its non-involvement in the decision-making process related to the fraud case, asserting that it had no direct business dealings with the parties involved [7] Market Reaction - Following the announcement of the regulatory investigation, there is a potential for significant stock price volatility as investors may react negatively, leading to concentrated sell-offs [3]

Core Viewpoint - Qingyue Technology (688496) is under investigation by the China Securities Regulatory Commission (CSRC) for financial misconduct, leading to concerns about its stock performance and potential delisting risks [1][3]. Financial Performance - Since its listing in 2022, Qingyue Technology has shown poor financial performance, with a net profit turning into a loss in the following year and continuing losses into the first three quarters of 2025 [1][6]. - The company's revenue figures from 2022 to 2024 were approximately 1.044 billion, 661 million, and 753 million respectively, with corresponding net profits of approximately 55.89 million, -118 million, and -69.49 million [6]. - For the first three quarters of 2025, the company reported revenue of about 476 million, a year-on-year decline of 13.64%, and a net loss of approximately 43.35 million, indicating a reduction in losses but still not achieving profitability [6]. Regulatory Issues - On November 1, Qingyue Technology received a notice from the CSRC regarding an investigation into alleged false financial reporting, which could lead to severe penalties including potential delisting [3][4]. - The company had previously received a warning from the Jiangsu Securities Regulatory Bureau for three main issues: improper use of raised funds, non-compliance in financial accounting for new product lines, and undisclosed related party transactions [4]. Legal Matters - In March 2024, Qingyue Technology was involved in a contract fraud case through its significant shareholding in a related company, which has since progressed to the public prosecution stage [5][6]. - The company has stated that it was not involved in the decision-making or implementation of the alleged fraudulent activities [5]. Market Reaction - On October 31, the company's stock closed at 8.94 yuan per share, with a total market capitalization of 4.023 billion [7].

Core Points - The company, Qingyue Technology, has received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation for suspected false reporting of financial data [1][3] - The company specializes in the research, production, and sales of new display devices, primarily focusing on PMOLED technology, electronic paper modules, and silicon-based OLED micro-displays [1] - In the first three quarters of this year, the company reported a revenue of 476 million yuan, a year-on-year decrease of 13.64%, and a net loss attributable to shareholders of 43.35 million yuan [1] Financial Performance - The company's revenue for Q3 was 147 million yuan, reflecting a significant year-on-year decline of 41.4% [1] - The primary reason for the revenue decline was a decrease in sales of electronic paper modules compared to the same period last year [1] Regulatory Issues - Previously, on August 1, the company disclosed that it received a warning from the Jiangsu Securities Regulatory Bureau for violations related to the use of raised funds, improper financial accounting for CTP+OLED products, and undisclosed related party transactions [2] - The former chairman and general manager, Gao Yudi, and the former board secretary and CFO, Zhang Xiaobo, were held primarily responsible for these disclosure violations [2] - The company has warned that if the CSRC's administrative penalties confirm the violations, it may face mandatory delisting under the Shanghai Stock Exchange's rules for major illegal activities [3]

Core Viewpoint - Qingyue Technology has been investigated by the China Securities Regulatory Commission (CSRC) for suspected false reporting of financial data in regular reports [1][2]. Group 1: Regulatory Actions - On October 31, Qingyue Technology announced that it received a notice of investigation from the CSRC due to allegations of false financial data reporting [2]. - The company stated that if the CSRC's administrative penalties confirm violations that fall under the major illegal delisting circumstances as per the Shanghai Stock Exchange's listing rules, its stock may face mandatory delisting [4]. Group 2: Previous Warnings - In August 2023, Qingyue Technology received a warning letter from the Jiangsu Securities Regulatory Bureau, highlighting three main issues: improper use of raised funds, non-standard financial accounting for CTP+OLED product trade, and undisclosed related party transactions [5]. Group 3: Financial Performance - For the third quarter of 2025, Qingyue Technology reported total revenue of 476 million CNY, a year-on-year decrease of 13.64% [6]. - The net profit attributable to shareholders was -43.35 million CNY, an increase of 11.3% year-on-year, indicating a narrowing of losses [6]. - The company’s total costs for the same period were 538 million CNY, reflecting a decrease in revenue and ongoing operational pressures [6]. Group 4: Market Data - As of October 31, Qingyue Technology's stock price was 8.94 CNY per share, with a total market capitalization of 4 billion CNY [6][7]. - 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 [7].

Core Viewpoint - Qingyue Technology is under investigation by the China Securities Regulatory Commission (CSRC) for suspected false reporting of financial data in regular reports [1][2]. Group 1: Regulatory Actions - On October 31, Qingyue Technology announced that it received a notice of investigation from the CSRC due to allegations of false financial data reporting [2]. - The company stated that if the CSRC's administrative penalties confirm violations that fall under the major illegal circumstances for mandatory delisting as per the Shanghai Stock Exchange's rules, its stock may face mandatory delisting [4]. Group 2: Previous Warnings - In August 2023, Qingyue Technology received a warning letter from the Jiangsu Securities Regulatory Bureau, highlighting three main issues: improper use of raised funds, non-standard financial accounting for CTP+OLED product trade, and undisclosed related party transactions [5]. Group 3: Financial Performance - For the third quarter of 2025, Qingyue Technology reported total revenue of 476 million yuan, a year-on-year decrease of 13.64% [6]. - The net profit attributable to the parent company was -43.35 million yuan, an increase in loss of 11.3% year-on-year [6]. - The company’s total costs for the same period were 538 million yuan, reflecting a decrease in operating profit compared to previous periods [6].

Core 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].

Core Viewpoint - Suzhou Qingyue Optoelectronics Technology Co., Ltd. reported a revenue increase of 9.49% year-on-year for the first half of 2025, despite facing challenges from global economic conditions and industry competition [2][3][4]. Company Overview and Financial Indicators - The company focuses on the research, production, and sales of OLED and other new display devices, with a product structure centered around PMOLED, electronic paper modules, and silicon-based OLED micro-displays [4][5]. - Key financial metrics for the first half of 2025 include: - Revenue: 329.16 million RMB, up from 300.63 million RMB in the same period last year - Total profit: -39.55 million RMB, improved from -52.07 million RMB [3][4]. - Net profit attributable to shareholders: -30.76 million RMB, improved from -38.89 million RMB [3][4]. - Basic earnings per share: -0.07 RMB, improved from -0.09 RMB [3][4]. Industry and Business Analysis - The company operates in the new flat panel display industry, classified under "C39 Computer, Communication and Other Electronic Equipment Manufacturing" [4][5]. - The display industry is experiencing a dual challenge of growth and structural issues due to geopolitical tensions and tariff policies, but recovery is anticipated with easing economic conditions [4][5]. - The company has expanded its market presence by developing new products and applications, particularly in smart home, medical health, and wearable display sectors [4][5]. Core Competitiveness - The company has established a comprehensive technology innovation system, supported by various research platforms, ensuring its competitive edge in the OLED sector [5][6]. - The company holds 556 authorized patents, including 157 invention patents, reflecting its commitment to innovation and intellectual property protection [6][7]. Research and Development Progress - The company continues to focus on technological innovation in PMOLED, silicon-based OLED, and electronic paper technologies, achieving significant advancements in product performance and efficiency [4][5][6]. - Recent developments include the introduction of transparent PMOLED technology and improvements in electronic paper display structures, enhancing product capabilities and market applicability [4][5][6][7]. Market Strategy - The company has adopted a balanced product strategy across various application fields, including near-eye displays, electronic price tags, and smart home devices, with a customer base exceeding 20,000 [4][5][6]. - The company actively participates in industry exhibitions to enhance brand visibility and market reach, contributing to its growth strategy [4][5].