Jiangsu Huasheng Tianlong faces continued trading risk warnings

Jiangsu Huasheng Tianlong Photoelectric Co. (SZSE:300029) announced that its shares remain under "other risk warnings" due to several ongoing issues. Major shareholder Dayou Holdings' entire stake of 25,598,494 shares has been judicially frozen, with 14,000,000 shares previously scheduled for auction. This ongoing situation carries the risk of a change in company control.

The company's subsidiary, Sichuan Zhongshu, had its primary bank accounts frozen, leading to a "superimposed other risk warning." While some accounts have been unfrozen, others remain, and the company is working to resolve these. As of Q3 2025, the company reported a net loss of -14,653,506.03 yuan and negative net assets of -17,609,716.43 yuan, resulting in a delisting risk warning.

The company's production and operations have been severely affected since 2018 due to a lack of market orders, leading to continuous shutdowns and significant operational difficulties. Despite efforts to develop new energy businesses, including EPC projects and equipment sales, the company reported a net loss of -27,303,694.80 yuan for 2024, with negative net assets.