Jingcheng Shares announced on the evening of September 18 that its controlling subsidiary Qingdao Beiyang Tianqing Shulian Intelligent Co., Ltd. received a Notice of Case Filing from the China Securities Regulatory Commission. As Beiyang Tianqing was the target of an asset restructuring, it is suspected of providing information containing false records, misleading statements, or major omissions during the restructuring process, and the CSRC has decided to file a case against it. Jingcheng Shares is a company listed on both A-shares and H-shares, with its controlling shareholder being Beijing Jingcheng Machinery Electric Holding Co., Ltd., holding approximately 44.88% of the equity. Its business is divided into two major segments: gas storage and transportation, and intelligent manufacturing. Beiyang Tianqing belongs to the intelligent manufacturing segment. The company stated that its own operations and those of Beiyang Tianqing are currently normal, and it will urge Beiyang Tianqing to fully cooperate with the investigation and fulfill its information disclosure obligations. The 2026 semi-annual report shows that the company achieved operating revenue of 652 million yuan in the first half of the year, a year-on-year decrease of 4.15%; the net profit attributable to shareholders of the listed company was negative 62.6339 million yuan, compared with negative 15.7557 million yuan in the same period last year, with the loss widening; the non-GAAP net profit was negative 67.6442 million yuan, and basic earnings per share were negative 0.10 yuan.
