Jingsheng Shares disclosed on the evening of September 24 that the company, its chairman and general manager Li Hui, and former chief financial officer Wu Chunsheng received an administrative regulatory decision from the Jiangsu Securities Regulatory Bureau. Due to inaccurate information disclosure caused by corrections of prior accounting errors, the company was given a warning letter as an administrative regulatory measure and the matter was recorded in the securities and futures market integrity archive. The Jiangsu Securities Regulatory Bureau determined that the company's information disclosure in the first quarter, half-year, and third quarter reports of 2025 was inaccurate, violating the provisions of Article 3, Paragraph 1 of the Measures for the Administration of Information Disclosure by Listed Companies. Li Hui and Wu Chunsheng failed to perform their duties diligently and bear primary responsibility for the above violations. The decision requires the company to strengthen internal controls and improve financial accounting standards, and all directors and senior management should enhance their study of securities laws and regulations, and submit a written report to the Jiangsu Securities Regulatory Bureau within 10 working days from the date of receiving the decision. Jingsheng Shares is a supplier of semiconductor specialized equipment. In the first half of 2026, it achieved operating revenue of 40.6483 million yuan, a year-on-year decrease of 41.72 percent, and a net loss attributable to shareholders of the listed company of 11.7651 million yuan, with the loss expanding by 100.04 percent year-on-year. The company stated that this administrative regulatory measure will not affect its normal business management activities, and reminded investors to pay attention to investment risks.
Crystal Growth & Energy Equipment Co. Ltd. AJingsheng Shares (Crystal Growth & Energy Equipment) received a warning letter from the Jiangsu Securities Regulatory Bureau over inaccurate disclosure from accounting error corrections, with the matter recorded in the integrity archive.
