Henan Hengxing Science&Technology Co.,Ltd. (SZSE: 002132) has issued an announcement addressing recent share price volatility and clarifying media discussions linking the company to hot concepts such as fiber optics, gold, and machinery.
The company stated that its connection to "fiber optic concepts" relates to a small sample of its octamethylcyclotetrasiloxane (D4) product, purchased in April 2026 by a customer of its wholly-owned subsidiary, Inner Mongolia Hengxing Chemical Co., Ltd., for new customer qualification testing by Inner Mongolia Hengtong Optical Material Co., Ltd. for use in optical fiber production. No verification results are available at this time. D4 product revenue was RMB 6.4245 million in 2025, accounting for 0.13% of the company's total operating revenue. For the first quarter of 2026, D4 revenue was RMB 3.1363 million, representing 0.89% of revenue for that period. The company stated this business does not have a material impact on its operating performance.
Regarding the "gold concept," the company explained it acquired the Chifeng Longtoushan Gold Mine through judicial compensation after a downstream customer failed to pay for goods. Its subsidiary, Chifeng Yongjin Mining Co., Ltd., commissioned a third party to explore the mine in April 2025. The mine is currently still in the exploration phase and has not generated any revenue, thus it does not constitute a material impact on the company's operating performance. The company further cautioned that the development and utilization of mineral resources are subject to numerous unpredictable risks, including the ore body's characteristics, mining conditions, market demand, and policy changes, advising investors to be aware of the investment risks.
Following verification, the company confirmed that, as of now, its primary business operations do not involve any machinery or equipment business.
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