HeiLongJiang Kingland Technology Co Ltd

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Kingland Technology Corrects Typo in Major Litigation Announcement, Amount Unit Was Wrong

Kingland Technology, stock code 000711, disclosed a correction announcement on September 2, fixing a typo in its previously published Major Litigation Announcement. In the original announcement, the unit for the amount involved in special note number 3 was incorrect. Before the correction it read 85,893,796.80 ten-thousand yuan, and after the correction it reads 85,893,796.80 yuan. The company said that apart from this correction, the rest of the original announcement remains unchanged, and the correction will not have a material impact on its operations or financial position. On the same day, the Shenzhen Stock Exchange issued a regulatory letter to Kingland Technology, pointing out that its conduct violated relevant provisions of the Stock Listing Rules, 2026 revision. The earlier announcement showed that the company sued 37 performance compensation obligors including Yin Xiaodong over a performance compensation payment dispute related to Zhongke Dingshi Environmental Engineering Company Limited, seeking a total of 85,893,796.80 yuan. The case was accepted by the court in March 2026.

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ST Jinglan and ST Weihai removed from risk warning on same day, resume trading August 31

On the evening of August 27, ST Jinglan and ST Weihai simultaneously announced the removal of their other risk warnings. Trading will be suspended for one day on August 28 and resume on August 31, with their abbreviations changed to Jinglan Technology and Weihai Corporation respectively. The risk warnings for both companies stemmed from historical financial irregularities and internal control issues. ST Jinglan was placed under risk warning due to false records in its 2020 annual report and uncertainty over its ability to continue as a going concern, and has now completed rectification. ST Weihai had long been under risk warning due to issues such as irregular guarantees and capital occupation, and has now completed retrospective restatement of its financial statements. The latest semi-annual report shows that ST Jinglan's first-half revenue was 445 million yuan, up 98.07 percent year on year, with net profit attributable to the parent company of 74 million yuan, up 213.11 percent year on year. ST Weihai's revenue was 612 million yuan, down 26.26 percent year on year, with net profit attributable to the parent company of 7.44 million yuan, down 10.6 percent year on year. In the secondary market, ST Jinglan's maximum gain this year reached 315 percent, while ST Weihai's maximum gain since May 2024 reached 333.88 percent.

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ST Jinglan 2026 interim report net profit of 74.2015 million yuan turns loss into profit

ST Jinglan released its 2026 interim report, with net profit attributable to the parent company of 74.2015 million yuan, an increase of 140 million yuan compared with the same period last year, turning losses into profits. The company's total operating revenue was 445 million yuan, up 98.07% year on year, achieving growth for two consecutive years. Net cash outflow from operating activities was 145 million yuan, a decrease of 96.626 million yuan compared with the same period last year. The company's latest asset-liability ratio was 38.16%, down 12.24 percentage points from the previous quarter; the latest gross margin was 18.49%, up 5.25 percentage points from the previous quarter; the latest ROE was 10.16%, up 20.82 percentage points from the same period last year.

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