Two consecutive limit-up Kangxin New Materials: The acquisition of Wuxi Yubang Semiconductor Technology Co., Ltd. may face risks such as cross-industry acquisition integration effects not meeting expectations.

Everyday Economic News AI Express, on May 11th, Kangxin New Materials (600076) announced that the company’s stock prices on May 7th, May 8th, and May 11th, 2026, experienced a cumulative deviation of over 20% in closing price increases for three consecutive trading days, indicating abnormal stock trading fluctuations. The company has risks related to historically inaccurate financial disclosures and corrections of previous errors. According to the “Decision on Issuing a Warning Letter to Kangxin New Materials Co., Ltd. and Relevant Responsible Personnel” (〔2026〕11) issued by the Shandong Regulatory Bureau of the China Securities Regulatory Commission, the company had inflated operating income and total profit during 2016 to 2021, leading to inaccuracies in the financial data disclosed in relevant periodic reports. Some issues mentioned in the “Warning Letter” have not been retrospectively restated due to incomplete historical data and the departure of relevant personnel. This matter has already constituted a matter involving a qualified opinion reservation in the company’s 2025 financial report. Investors should be aware of the associated risks. The company’s acquisition of Wuxi Yubang Semiconductor Technology Co., Ltd. may face risks such as less-than-expected cross-industry acquisition integration effects, loss of core personnel, technological iteration, customer development, or failure to meet performance commitments.

Daily Economic News