Konka Group is planning a major matter. Trading in the company's securities will be suspended from the market open on August 24, with the suspension expected to last no more than five trading days. The company announced on the evening of August 21 that the matter remains uncertain, and the suspension is to ensure fair information disclosure and protect investor interests. It will make a timely announcement and apply for resumption once the matter is determined. Previously, the company estimated a net loss attributable to the parent of 130 million to 180 million yuan for the first half of 2026, and a net loss excluding non-recurring items of 160 million to 220 million yuan. Rising costs in the consumer electronics business squeezed gross margins, while the semiconductor business is still in the early stage of industrialization and remains loss-making overall. Because net assets attributable to the parent stood at negative 6.083 billion yuan at the end of 2025 and net profit excluding non-recurring items had been negative for three consecutive years, the company was placed under delisting risk warning in April this year. In July 2025, the former controlling shareholder, Overseas Chinese Town Group, transferred all its shares to Panshi Runchuang under China Resources at no cost, and the company came under the control of China Resources.
Konka Group Co LtdTrading suspended for major matter; outcome unknown, but company faces delisting risk and losses.
