Kangxin New Materials announced on the evening of September 4 that the company had received a notice of case filing from the China Securities Regulatory Commission because its periodic reports were suspected of violating information disclosure laws and regulations, and the CSRC decided to place the company under investigation. The company said its operating activities are currently normal, and it will actively cooperate with the investigation and fulfil its information disclosure obligations. The company's previously disclosed 2026 interim report showed that it achieved total operating revenue of 198 million yuan in the first half of the year, up 6.56 percent year on year, while net profit attributable to the parent company was a loss of 136 million yuan, compared with a loss of 134 million yuan in the same period last year. As of September 4, the company's share price stood at 3.17 yuan per share, giving it a total market value of 4.262 billion yuan.
Kangxin New Materials Co LtdCSRC investigation for suspected disclosure violations in periodic reports
