Chenfeng Technology announced that after a self-inspection it needs to pay back taxes and late fees totaling 5.2194 million yuan, and as of the disclosure date the full amount has been paid. The tax matter does not involve administrative penalties. The back taxes and late fees are expected to be recorded in the company's current profit and loss for 2026, with the specific impact subject to the audited financial statements for 2026. In 2025 the company achieved revenue of 1.129 billion yuan, down 10.78 percent year on year, with net profit attributable to the parent of 22.04 million yuan, up 173.96 percent year on year, but non-recurring net profit showed a loss of 11.41 million yuan. In the first quarter of 2026 the company achieved operating revenue of 242 million yuan, down 6.38 percent year on year, with net profit attributable to the parent of 9.9692 million yuan, compared with a loss of 4.869 million yuan in the same period last year, turning losses into profits. As of the close on August 19, Chenfeng Technology fell 7.58 percent to 25.10 yuan per share, with a total market value of about 6.349 billion yuan, and the share price has risen nearly 30 percent cumulatively this year.
Zhejiang Chenfeng Science and Technology Co Ltd Class ACompany must pay back taxes and late fees totaling 5.2194 million yuan, impacting current profit and loss.
