300020.CS▼2
ST Yinjiang and Controlling Shareholder Under CSRC Investigation for Alleged Information Disclosure Violations
ST Yinjiang and its controlling shareholder, Yinjiang Technology Group, have been formally placed under investigation by the China Securities Regulatory Commission. Each received a notice of case filing on July 9, concerning suspected illegal information disclosure. The company stated that its production and operations are currently normal and the matter will not have a significant impact. ST Yinjiang is primarily engaged in smart city businesses. In 2025, its revenue was 175 million yuan, a year-on-year decline of 68.14 percent, and it reported a net loss attributable to the parent company of 1.789 billion yuan. The company's share price has been volatile recently. As of the close on July 9, the stock was at 3.49 yuan, down 2.24 percent, giving a total market capitalization of 2.773 billion yuan.