Qingyue Technology is still under investigation by the China Securities Regulatory Commission and may still face claims for compensation from harmed shareholders.

What is the relationship between AI company performance fluctuations and financial issues?

Radar Finance Text | Yang Yang, Edited by Li Yihui

On March 20, Suzhou Qingyue Optoelectronics Technology Co., Ltd. (stock abbreviation: Qingyue Technology, stock code: 688496) announced that on November 1, 2025, it received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation. The company is under investigation for suspected false records in periodic reports and other financial data. If the facts determined by the CSRC administrative penalty involve major illegal violations leading to mandatory delisting, the company’s stock will face the risk of delisting due to major violations.

As of March 21, 2026, the investigation is still ongoing. The company stated it will actively cooperate with the investigation and strictly comply with relevant laws and regulations to fulfill its information disclosure obligations.

It is worth noting that Qingyue Technology may also face shareholder claims due to disclosure issues.

Lawyer Yu Jun from Sichuan Dingzhong Law Firm told Radar Finance that if a listed company’s failure to disclose information timely or accurately causes losses to investors, the affected investors can claim compensation according to the law. Investors who bought Qingyue Technology shares between the listing date and October 31, 2025, and held the shares at the close of trading on October 31, 2025, can register to claim compensation. To register, follow the public account “Lei Zhu Ba” (Lei Zhu code: 66). There are no fees before receiving compensation.

Tianyancha data shows that Qingyue Technology was established on December 30, 2010, with a registered capital of 450 million RMB. The legal representative is Gao Yudi, and the registered address is No. 188, Chenfeng Road, High-tech Zone, Kunshan City, Jiangsu Province. Its main business includes R&D, production, and sales of PMOLED, electronic paper modules, silicon-based OLED, and other products.

Currently, the company’s chairman is Gao Yudi, the secretary is Bi Chenliang, with 699 employees, and the actual controller is Gao Yudi.

The company has stakes in six subsidiaries, including Yiwu Qingyue Optoelectronics Technology Research Institute Co., Ltd., Yiwu Qingyue Optoelectronics Technology Co., Ltd., Jiujiang Qingyue Optoelectronics Technology Co., Ltd., Kunshan Mengxian Electronic Technology Co., Ltd., and Kunshan Gongyan Semiconductor Display Research Institute Co., Ltd.

In terms of performance, the company’s revenue was 1.044 billion RMB in 2022, 661 million RMB in 2023, and 753 million RMB in 2024, with year-on-year growth of 50.40%, -36.69%, and 13.96%, respectively. Net profit attributable to shareholders was 55.77 million RMB in 2022, -118 million RMB in 2023, and -69.49 million RMB in 2024, with year-on-year changes of -5.72%, -311.02%, and 41.07%. During the same period, the company’s asset-liability ratio was 40.62%, 37.54%, and 35.97%.

Regarding risks, Tianyancha information shows that the company has 27 internal Tianyan risks, 25 surrounding risks, 7 historical risks, and 117 warning alert risks.