According to Hengshang Energy's announcement, the cumulative increase deviation value of the company's stock exceeded 20% on July 9, 10, and 13, 2026, which was an abnormal fluctuation; by the close of trading on the 13th, it had abnormal fluctuations in the same direction 4 times within 10 consecutive trading days, which was a serious abnormal fluctuation. The company plans to acquire 100% of Jinsheng Electronics' shares for no more than 600 million yuan. Currently, the audit and evaluation have not been completed, and there is a risk of suspension, suspension or cancellation of the transaction. The company lost 35.243 million yuan in net profit in 2025, and revenue for the first quarter of 2026 was 253 million yuan, a year-on-year decrease of 42.56%. Remind investors to be aware of the risks.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.