Xingye Technology said its shares were subject to “abnormal trading fluctuations” after the cumulative deviation in closing-price gains exceeded 20% over two consecutive trading days, according to 36Kr. The company said a proposed acquisition of an indium phosphide (InP) business still requires board review and remains uncertain.
Xingye Technology added that the target business’s net asset book value is expected to be no more than RMB 25 million, and its revenue for January–May 2026 is expected to be no more than RMB 5 million, representing a very small share of the company’s 2025 revenue and having minimal impact on current-period revenue and net profit. The company said its main business is processing natural leather materials and it has no experience in semiconductor new materials, warning that its share price has deviated from current performance and may face significant volatility.
Xingye Technology Flags Abnormal Share Move; InP Business Acquisition Not Yet Approved
2026-06-24 12:53:00
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