Hengshang Energy announced that the company plans to acquire 100% of Jinsheng Electronics' shares by issuing shares and paying cash for no more than RMB 600 million. As of the disclosure date of this announcement, the audit and evaluation work related to this transaction has not been completed. It still needs to be submitted to the company's board of directors for review and approval, and needs to be approved, approved or registered by the competent supervisory authority before it can be officially implemented. There is great uncertainty. In addition, the company's net profit for 2025 was -35.24,300 yuan, resulting in a loss in performance; operating income for the first quarter of 2026 was 253 million yuan, a year-on-year decrease of 42.56%. The company's stock price has increased by a cumulative total of 180.50% since June 12, 2026. Since July 8, 2026, there has been a marked increase in trading volume. The turnover rates reached 25.54%, 7.22%, 21.16%, 15.17%, and 20.18% respectively from July 8 to 14. The turnover rate continues to be high, and the transaction risk is high.

Hengshang Energy announced that the company plans to acquire 100% of Jinsheng Electronics' shares by issuing shares and paying cash for no more than RMB 600 million. As of the disclosure date of this announcement, the audit and evaluation work related to this transaction has not been completed. It still needs to be submitted to the company's board of directors for review and approval, and needs to be approved, approved or registered by the competent supervisory authority before it can be officially implemented. There is great uncertainty. In addition, the company's net profit for 2025 was -35.24,300 yuan, resulting in a loss in performance; operating income for the first quarter of 2026 was 253 million yuan, a year-on-year decrease of 42.56%. The company's stock price has increased by a cumulative total of 180.50% since June 12, 2026. Since July 8, 2026, there has been a marked increase in trading volume. The turnover rates reached 25.54%, 7.22%, 21.16%, 15.17%, and 20.18% respectively from July 8 to 14. The turnover rate continues to be high, and the transaction risk is high.