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.
Luoyang GlassLuoyang Glass is not mentioned; the warning to Kaisheng New Energy and its loss due to sluggish photovoltaic glass prices may indirectly affect the sector, but no direct impact on Luoyang Glass is stated.
