Sanan Optoelectronics: Stock trading experiencing abnormal fluctuations, controlling shareholder may face bankruptcy reorganization.

Sanan Optoelectronics announced that the closing price of the company's stock deviated by 20% or more over three consecutive trading days from June 22nd to 24th, 2026, indicating abnormal fluctuations. In the first quarter of 2026, the company's revenue was 2.907 billion yuan, a year-on-year decrease of 32.59%; net profit was 67.4922 million yuan, a year-on-year decrease of 68.15%; non-GAAP net loss was 179 million yuan, a year-on-year decrease of 339.68%. Currently, production and operation are normal with no undisclosed major issues. In addition, the company's controlling shareholder has been placed under detention, and some shares of the controlling shareholder and indirectly controlled shareholders have been frozen and auctioned. Creditors have applied for bankruptcy reorganization, which may affect the equity structure and control rights. Investors are reminded to pay attention to risks.