Xingye Leather Technology Co Ltd002674
▼ NegativeRegulationrelevance
CSRC investigation into the company triggers limit-down
Impact on stocks 1
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Xingye Leather Technology Co LtdXingye Technology opened at limit-down on September 7 after the China Securities Regulatory Commission launched an investigation into the company. The stock closed at 20.93 yuan, with a market value of about 6.186 billion yuan. The leather maker had previously seen its share price surge on a cross-industry acquisition of indium phosphide substrate-related assets, disclosing on June 21 that it planned to buy the assets for no more than 55 million yuan in cash. On the evening of September 4, the company announced it had received a case filing notice from the CSRC, but did not disclose specific violation details. The company said it will actively cooperate with the investigation, and stated that production and operations are normal and the matter will not have a major impact. In the first half of 2026, the company achieved operating revenue of 1.391 billion yuan, up 3.89 percent year on year, and net profit of 42.6912 million yuan, up 36.61 percent year on year.
Xingye Leather Technology Co LtdCSRC investigation into the company triggers limit-down