Naxin Micro: Everbright Securities completes listing continued supervision. The company has experienced losses in recent years.

Naxin Micro announced that as of December 31, 2025, the supervision period of China Everbright Securities for its initial public offering of shares and listing on the Sci-Tech innovation board has expired. During this period, the sponsoring representative has changed multiple times due to job changes. The company's performance was in deficit from 2023 to 2025, with revenue of 1.311 billion RMB in 2023, a 21.52% decrease year-on-year, and a net loss of 305 million RMB; revenue of 1.960 billion RMB in 2024, a 49.53% increase year-on-year, and a net loss of 403 million RMB; and revenue of 3.368 billion RMB in 2025, a 71.80% increase year-on-year, and a net loss of 229 million RMB. In addition, the company had issues with irregular use of raised funds, which have since been rectified. Currently, the raised funds have not been fully utilized, and China Everbright Securities will continue to provide supervision.