Jiangsu Hengshang Energy Conservation Technology Co. Ltd. ACompany issued risk warning about rapid share-price decline, disclosed first loss and falling revenue, and M&A deal faces high uncertainty.

Hengshang Energy-Saving shares hit their upper limit for the sixth consecutive trading day. The company then issued a risk warning notice, stating that the share price has fluctuated sharply in the short term, has clearly deviated from market trends, carries high speculative risk, and faces the risk of a rapid decline in the future. Earlier, the company disclosed plans to acquire a 100% stake in Jinsheng Electronics through a share issue and cash payment, with the transaction price expected not to exceed 600 million yuan. The target company is in the memory business, which is a different industry from Hengshang Energy-Saving's main curtain wall business. The company said the deal will take a long time to complete and involves considerable uncertainty. The relevant audit and evaluation work has not yet been completed, and the deal still needs to be reviewed by the board of directors and shareholders' meeting and approved by regulators, with risks of being suspended, terminated, or cancelled. The 2025 financial report shows Hengshang Energy-Saving's net profit was negative 35.0243 million yuan, its first loss, and first-quarter 2026 operating revenue fell 42.56% year on year.
Jiangsu Hengshang Energy Conservation Technology Co. Ltd. ACompany issued risk warning about rapid share-price decline, disclosed first loss and falling revenue, and M&A deal faces high uncertainty.
Target company in M&A deal, but deal is uncertain and not yet completed; no independent news about Jinsheng Electronics itself.