Investors who suffered losses can register their claims via the Sina Investor Rights Platform.
Regulatory scrutiny has focused on recent market developments involving Shuangliang Eco-Energy Systems Co.,Ltd. On the evening of February 12, 2026, the company disclosed receiving a warning letter from the Shanghai Stock Exchange. The warning concerned a market update posted on the company’s official WeChat account earlier that day, which claimed Shuangliang Eco-Energy had recently secured three overseas orders. The post stated the products would be used in the fuel production system of a launch base for a well-known project. Following the publication of this news, the company's stock price hit the daily increase limit at 13:26 and maintained that level until the market close.
However, later that same evening, following regulatory intervention, the company issued two clarifying announcements. One provided details on the overseas orders, while the other formally acknowledged receipt of the warning letter. The announcements revealed that the total value of the orders was only approximately 13.923 million yuan, accounting for a mere 0.11% of the company's revenue, and would not have a significant impact on its performance. Furthermore, the company clarified it was only a non-exclusive, indirect supplier for the project, not a direct partner, and emphasized that future orders remained uncertain.
The warning letter from the SSE stated that the information released by the company on its social media platform was inaccurate and incomplete, failing to adequately disclose risks and thereby misleading investor decisions. As a result of this disclosure, the company's stock price opened sharply lower on February 13 and closed at the daily decline limit.
As of February 24, the company's stock price closed at 9.43 yuan. Although the company has recently announced subsidiary contract wins and convertible bond-related news in an attempt to stabilize market sentiment, the negative impact from the earlier misleading information continues to affect the stock.
Investors who meet the following criteria may be eligible to participate in the claim: those who purchased shares between 13:25 on February 12, 2026, and the market close on February 12, and subsequently sold these shares after February 13, 2026, or held them and incurred losses.
Beyond the compliance issue, the company's financial performance is under pressure. According to its 2025 performance forecast, the company expects to report a net loss attributable to shareholders of between 780 million yuan and 1.06 billion yuan for the full year. After excluding non-recurring gains and losses, the projected loss widens to between 800 million yuan and 1.15 billion yuan. Although this represents a narrowing from the approximately 2.134 billion yuan loss reported for the same period in 2024, the company has not yet returned to profitability.
The company attributes the consecutive losses to a deep adjustment phase within the photovoltaic industry. Despite continued growth in global new installed capacity, the entire supply chain faces significant pressure from declining prices, and fluctuations in raw material costs have further squeezed profit margins. Additionally, the company recorded impairment provisions on certain fixed assets in 2025, which increased its financial burden for the year. As a midstream player in the industry, the company is struggling amid overcapacity and intense price competition.
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