ST Xiong'An New Power Under CSRC Investigation, Investors May Seek Compensation

Deep News09-22

On the evening of September 19, 2025, ST Xiong'An New Power Technology Co.,Ltd. issued an announcement regarding the receipt of a formal investigation notice from the China Securities Regulatory Commission (CSRC). According to the announcement, ST Xiong'An New Power Technology Co.,Ltd. received the "Investigation Notice" (Document No. 证监立案字0162025008号) from the CSRC on September 19, 2025. Due to suspected violations in information disclosure, the CSRC has decided to launch a formal investigation into the company in accordance with the Securities Law of the People's Republic of China, the Administrative Penalty Law of the People's Republic of China, and other relevant laws and regulations.

Prior to this CSRC investigation, ST Xiong'An New Power Technology Co.,Ltd. had already issued an announcement on January 27, 2025, regarding the company and related personnel receiving administrative regulatory measures from the Hebei Securities Regulatory Bureau. Subsequently, when the company released its 2024 annual report, the accounting firm issued a negative audit opinion on ST Xiong'An New Power Technology Co.,Ltd.'s 2024 internal control over financial reporting, resulting in the implementation of other risk warnings for the company's stock trading.

In terms of financial performance, ST Xiong'An New Power Technology Co.,Ltd. has been experiencing losses for four consecutive years since 2021. In the first half of 2025, the company reported revenue of 97 million yuan, a decrease of 5.66% year-over-year. Net profit was -7.2861 million yuan, showing some improvement in loss reduction compared to the previous year. However, the company's non-recurring items adjusted net profit was a loss of 11.9868 million yuan, actually expanding by 25.19% year-over-year. Net cash flow from operating activities was -16.5691 million yuan.

Legal expert Zhang Yun, a partner at Jiangsu Zhenze Law Firm, stated that with ST Xiong'An New Power Technology Co.,Ltd. under CSRC investigation, investors may be eligible for compensation claims. The preliminary criteria suggest that investors who purchased ST Xiong'An New Power Technology Co.,Ltd. shares before January 27, 2025, and sold or continue to hold the shares after January 28, 2025, and incurred losses, may qualify for compensation claims.

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