Xintian Technology Suspends Trading as Actual Controller Plans Control Change

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โดย 中国基金报·Read original
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Xintian Technology announced on the evening of July 24 that actual controller Shi Weiping is planning a transfer of his company shares, which may lead to a change in the company's controlling shareholder and actual controller. Trading in the company's shares will be suspended from the market open on July 27, 2026, with the suspension expected to last no more than two trading days. Xintian Technology is a developer and manufacturer of radio frequency components. It reported losses for two consecutive years in 2024 and 2025, and in the first half of 2026 it expects to swing from profit to loss, with a net loss of 36.8 million to 50.8 million yuan, mainly due to a large credit impairment loss caused by the closure of an investee company. On July 24, Xintian Technology's share price closed at 8.69 yuan, giving it a market capitalization of 1.68 billion yuan.

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