September 1, Yubang New Material announced that it would continue to suspend trading from the opening of the market on Wednesday, September 2, 2026, and that the suspension time was expected to be no more than three trading days.
Earlier, on August 29, Yubang New Material announced that on August 28, the company received the controlling shareholder, Suzhou Juxinyuan Enterprise Management Co., Ltd. and the actual controllers, Xiao Feng and Lin Min, and learned that they were planning to change the control rights of the company, which may lead to the change of the controlling shareholders and the actual controllers of the company. Therefore, after applying to the Shenzhen Stock Exchange, Yubang New Material Stock has been suspended since the opening of the market on August 31, and is expected to be suspended for no more than two trading days.
The announcement shows that all parties are actively promoting the above work, Yubang New Material is not expected to resume trading on September 2, 2026, so it chooses to continue to suspend trading and suspend the conversion during the suspension period. According to

the data, Yubang New Material was founded in 2002, deeply engaged in the field of photovoltaic welding strip zinc powder, and has always focused on the research and development, production and sales of photovoltaic tin-coated welding strip. The company was listed on the GEM of Shenzhen Stock Exchange in 2022, and it has been only four years since then.
Digital New Energy DataBM. Com found that the performance of Yubang New Material was obviously affected by the photovoltaic industry. From 2022 to 2023, the performance of Yubang New Material continued to rise during the boom period of the photovoltaic industry; in 2024, as the photovoltaic industry entered a downward cycle, the company fell into the dilemma of increasing income without increasing profits. In the first half of this year, the company achieved revenue of 1.676 billion yuan, an increase of 10.41% over the same period last year; net profit of 68 million yuan, an increase of 88.94% over the same period last year; non-net profit of 63 million yuan, an increase of 91.66% over the same period last year.

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