Double board Kangxin New Materials: Acquiring Wuxi Yubang Semiconductor Technology Co., Ltd. may face the risk of cross-industry acquisition integration effects being less than expected.

Kangxin New Materials announced that the company's stock prices deviated by more than 20% for three consecutive trading days on May 7th, 8th, and 11th, 2026, which constitutes abnormal stock trading fluctuations. The company has risks of inaccurate historical financial information disclosure and previous errors correction. According to the decision issued by the Shandong Regulatory Bureau of the China Securities Regulatory Commission on issuing a warning letter to Kangxin New Materials Co., Ltd. and related personnel, the company inflated its operating income and total profit from 2016 to 2021, leading to inaccurate disclosure of financial data in periodic reports. Some matters involved in the "warning letter" have not been retrospectively restated due to incomplete historical data and the departure of relevant personnel. This issue has become a matter of the 2025 financial report with reservations for the company, and investors should be aware of the related risks. The company's acquisition of Wuxi Yubang Semiconductor Technology Co., Ltd. may face risks such as cross-industry acquisition integration effects falling below expectations, loss of core personnel, technological iteration, failure to achieve customer development or performance commitments.