Lianchuang Optoelectronics opened limit-down on August 31, after its wholly owned subsidiary made payments to a related party of the controlling shareholder through trade agreements, with the prepayments ultimately flowing to the controlling shareholder. As of the end of the reporting period, 1.692 billion yuan had not been returned, constituting non-operating capital occupation. If the controlling shareholder fails to complete repayment or rectification within one month, the company's shares may be subject to other risk warnings. Meanwhile, the company released its 2026 half-year report, showing first-half operating revenue of 1.324 billion yuan, down 19.64 percent year on year; net profit of 167 million yuan, down 36.70 percent year on year; and non-GAAP net profit of 154 million yuan, down 34.97 percent year on year. Previously, the company and its actual controller Wu Rui had been placed on file for investigation by the China Securities Regulatory Commission for suspected violations including failure to disclose non-operating capital transactions as required. As of June 30, the company had 76,725 shareholders, an increase of 14,046 from the previous quarter.
Jiangxi Lianchuang Opto-electronic Science & Technology Co LtdSubsidiary's payments to controlling shareholder constitute non-operating capital occupation, risking ST designation and regulatory investigation.
