Hengshang Energy announced that on July 16, 17, and 20, 2026, the closing price deviation value of the company's stock fell by more than 20% for three consecutive trading days, which was an abnormal fluctuation. The company is currently operating normally. Apart from the disclosed plan to acquire 100% of Jinsheng Electronics' shares and raise capital for 600 million yuan, no important matters should be disclosed. The company's net loss in 2025 was 35.243 million yuan, and revenue for the first quarter of 2026 was 253 million yuan, a year-on-year decrease of 42.56%. This transaction faces risks such as approval and integration, and there is uncertainty.

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