Suzhou QingYue Optoelectronics Technology manufactures small and medium-sized display products and listed on Shanghai’s STAR Market in December 2022. In October 2026, China’s securities regulator fined the company RMB171.88m for fraudulent issuance and disclosure violations. It found that QingYue had deliberately understated provisions and recorded fictitious sales, inflating profits before and after its IPO. The shares had already been suspended after trading below RMB1 for 20 consecutive trading days. A RMB370m investor compensation fund was subsequently established. An A&G Screen of the 1H23 accounts rates the company High Risk.

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