Crystal Growth & Energy Equipment Co. Ltd. A

Jingsheng Shares announced on August 30 that it has decided to terminate the issuance of shares and payment of cash to purchase assets, the related fundraising, and the connected transaction, and to withdraw the application documents. The restructuring was initiated in August 2025 and was called off after about a year. The company had originally planned to acquire 100 percent of Beijing Weizhun Intelligent Technology Co., Ltd., but due to changes in the overall market environment compared with the early stage of the transaction planning, and after prudent consideration and friendly consultation with the transaction parties, it decided to terminate the deal. The company pledged not to plan any major asset restructuring for at least one month from the date of the termination announcement, and plans to hold an investor briefing on September 1. The 2026 semi-annual report disclosed on the same day shows that the company achieved operating revenue of 40.6483 million yuan in the first half of the year, down 41.72 percent year on year. Net profit attributable to shareholders of the listed company was negative 11.7651 million yuan, down 100.04 percent year on year. Despite the earnings pressure, the company maintained high research and development investment, with first-half R&D expenses of 21.0355 million yuan, accounting for 51.75 percent of operating revenue.

Jingsheng Shares released its 2026 interim report, with total operating revenue of 40.6483 million yuan, down 41.72% year-on-year, and net profit attributable to the parent company of negative 11.7651 million yuan, a wider loss than the same period last year. Net cash flow from operating activities was negative 17.5957 million yuan, the asset-liability ratio rose to 16.56%, gross margin was 24.56%, return on equity was negative 0.78%, and diluted earnings per share was negative 0.09 yuan. The company had 14,400 shareholders, and the top ten shareholders held 52.88% of total share capital.