Xingdesheng has corrected a share buyback implementation results announcement made a month ago, revising the timing of employee director Deng Xiangtao’s share reduction from September 11, 2026 to September 11, 2025. The company apologized to investors for the disclosure error and pledged to avoid similar issues. Xingdesheng listed on the Shanghai Stock Exchange in March 2024, with its main business in micro and special motors. During its IPO, a discrepancy of 2.7196 million yuan between its sales data and customer Deerma’s purchase data prompted an inquiry from the Shanghai Stock Exchange; after verification, the sponsor institution concluded that the information disclosure met requirements. In terms of performance, the company’s 2025 revenue was 2.573 billion yuan, up 4.84 percent year-on-year, but net profit attributable to the parent company was 174 million yuan, down 12.56 percent year-on-year. In the first quarter of 2026, revenue was 601 million yuan, up 9.32 percent year-on-year, while net profit attributable to the parent company was 33.5704 million yuan, down 19.17 percent year-on-year. The stock price has fluctuated downward this year, falling more than 40 percent from its earlier high.
Cinderson Tech (Suzhou) Co., Ltd.Company corrected disclosure error regarding director's share reduction date, indicating regulatory compliance issues.
Guangdong Deerma Technology Co. Ltd. A