ST Yedao announced on the evening of September 21 that it had received a case filing notice from the China Securities Regulatory Commission that day. The regulator decided to open an investigation into the company over suspected illegal information disclosure. The company said all business activities are currently operating normally, and it will actively cooperate with the investigation and fulfil its information disclosure obligations in accordance with regulations. ST Yedao's main products include Lugui wine, Haiwang wine and sauce-flavoured baijiu, and it has also expanded into coconut juice and tropical fruit drinks. In the first half of 2026, the company reported revenue of 173 million yuan and a net loss of 7.54 million yuan. Net profit was negative every year from 2021 to 2025, with combined losses over the five years of about 493 million yuan. On July 30, 2026, the Shanghai Stock Exchange agreed to lift the delisting risk warning on the company's shares, while other risk warnings remain in place. As of the close on September 21, ST Yedao's share price was 4.68 yuan per share, giving it a total market value of 2.098 billion yuan.
Hainan Yedao Group Co LtdCSRC opened an investigation into ST Yedao for suspected illegal information disclosure.
