Luoyang Glass

Kaisheng New Energy received a warning letter from the Henan Securities Regulatory Bureau for the delayed disclosure of cumulative litigation and arbitration amounting to 333 million yuan. The company, along with Chairman Xie Jun, General Manager Chen Peng, and Board Secretary Chen Hongzhao, were issued the warning. As of May 8, 2026, the company's cumulative litigation and arbitration amount over the preceding 12 months reached 333 million yuan, accounting for 10.73 percent of the most recent audited net assets. However, the supplementary disclosure was delayed until June 29, 2026, violating information disclosure regulations. The Henan Securities Regulatory Bureau decided to impose supervisory measures by issuing warning letters to the company and the three senior executives, and the matter will be recorded in the securities and futures market integrity archives. The company stated that this measure does not affect normal business and management activities and that it will strengthen rectification efforts. In addition, the company expects a net loss attributable to shareholders of the listed company of between 753 million and 890 million yuan for the first half of 2026, mainly due to sluggish photovoltaic glass prices and the provision for asset impairment.

Triumph New Energy has been issued a warning letter by the Henan Securities Regulatory Bureau for failing to disclose cumulative litigation and arbitration matters totaling 333 million yuan in a timely manner. Chairman Xie Jun, General Manager Chen Peng, and Board Secretary Chen Hongzhao were simultaneously recorded in the integrity archives. As of May 8, 2026, the company's cumulative litigation and arbitration amount over the preceding 12 months reached 333 million yuan, accounting for 10.73% of its latest audited net assets, but supplementary disclosure was delayed until June 29. The Shanghai Stock Exchange also issued a regulatory warning to the company and responsible individuals on the same day. The company expects a first-half loss of 753 million to 890 million yuan, mainly due to persistently low photovoltaic glass prices and asset impairment provisions.

Kaisheng New Energy disclosed its earnings forecast, expecting a net loss attributable to the parent company of 753 million to 890 million yuan in the first half of 2026, compared with a loss of 449 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 756 million to 895 million yuan, compared with a loss of 459 million yuan a year earlier. The company stated that the change in performance was mainly due to weak demand and persistently low prices in the photovoltaic glass market in the first half of the year, as well as the provision for asset impairment based on the principle of prudence for assets showing signs of impairment. Kaisheng New Energy is mainly engaged in the research, development, production and sales of new energy materials.