Announcement • Jun 30
Kaiyuan Education Technology Group Co., Ltd. to Report First Half, 2026 Results on Aug 28, 2026 Kaiyuan Education Technology Group Co., Ltd. announced that they will report first half, 2026 results on Aug 28, 2026 New Risk • Jun 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Negative equity (-CN¥128m). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). New Risk • Apr 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CN¥141m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥141m free cash flow). Negative equity (-CN¥112m). Reported Earnings • Apr 28
Full year 2025 earnings released: CN¥0.34 loss per share (vs CN¥0.35 loss in FY 2024) Full year 2025 results: CN¥0.34 loss per share (improved from CN¥0.35 loss in FY 2024). Revenue: CN¥136.0m (down 20% from FY 2024). Net loss: CN¥137.7m (loss narrowed 2.6% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Apr 28
Kaiyuan Education Technology Group Co., Ltd., Annual General Meeting, May 20, 2026 Kaiyuan Education Technology Group Co., Ltd., Annual General Meeting, May 20, 2026, at 15:00 China Standard Time. Location: The Company's Meeting Room, Guangzhou, Guangdong China Announcement • Mar 31
Kaiyuan Education Technology Group Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Announcement • Dec 31
Kaiyuan Education Technology Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Kaiyuan Education Technology Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Oct 27
Third quarter 2025 earnings released: CN¥0.047 loss per share (vs CN¥0.045 loss in 3Q 2024) Third quarter 2025 results: CN¥0.047 loss per share (further deteriorated from CN¥0.045 loss in 3Q 2024). Revenue: CN¥36.9m (down 12% from 3Q 2024). Net loss: CN¥19.1m (loss widened 5.7% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Kaiyuan Education Technology Group Co., Ltd. to Report Q3, 2025 Results on Oct 27, 2025 Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 27, 2025 New Risk • Sep 07
New minor risk - Negative shareholders equity The company has negative equity. Total equity: -CN¥18m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. This is currently the only risk that has been identified for the company. Announcement • Jul 02
Kaiyuan Education Technology Group Co., Ltd. to Report First Half, 2025 Results on Aug 29, 2025 Kaiyuan Education Technology Group Co., Ltd. announced that they will report first half, 2025 results on Aug 29, 2025 Announcement • Apr 28
Kaiyuan Education Technology Group Co., Ltd., Annual General Meeting, May 20, 2025 Kaiyuan Education Technology Group Co., Ltd., Annual General Meeting, May 20, 2025, at 15:30 China Standard Time. Location: 5F, Building C, No. 4, Taixing Road, Yongping Street, Baiyun District, Guangzhou, Guangdong China Announcement • Mar 31
Kaiyuan Education Technology Group Co., Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 Announcement • Dec 31
Kaiyuan Education Technology Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 28, 2025 Kaiyuan Education Technology Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 28, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: CN¥0.045 loss per share (vs CN¥0.07 loss in 3Q 2023) Third quarter 2024 results: CN¥0.045 loss per share (improved from CN¥0.07 loss in 3Q 2023). Revenue: CN¥42.1m (down 46% from 3Q 2023). Net loss: CN¥18.1m (loss narrowed 36% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Kaiyuan Education Technology Group Co., Ltd. to Report Q3, 2024 Results on Oct 29, 2024 Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 29, 2024 Reported Earnings • Aug 29
Second quarter 2024 earnings released: CN¥0.024 loss per share (vs CN¥0.023 loss in 2Q 2023) Second quarter 2024 results: CN¥0.024 loss per share (further deteriorated from CN¥0.023 loss in 2Q 2023). Revenue: CN¥59.8m (down 44% from 2Q 2023). Net loss: CN¥11.1m (loss widened 23% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Kaiyuan Education Technology Group Co., Ltd. to Report First Half, 2024 Results on Aug 29, 2024 Kaiyuan Education Technology Group Co., Ltd. announced that they will report first half, 2024 results on Aug 29, 2024 New Risk • Jun 05
New major risk - Revenue and earnings growth Earnings have declined by 0.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥15m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Negative equity (-CN¥118m). Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (4.7% increase in shares outstanding). Market cap is less than US$100m (CN¥437.4m market cap, or US$60.4m). Reported Earnings • May 01
First quarter 2024 earnings released: CN¥0.02 loss per share (vs CN¥0.011 profit in 1Q 2023) First quarter 2024 results: CN¥0.02 loss per share (down from CN¥0.011 profit in 1Q 2023). Revenue: CN¥37.9m (down 65% from 1Q 2023). Net loss: CN¥6.89m (down 260% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • May 01
Kaiyuan Education Technology Group Co., Ltd., Annual General Meeting, May 21, 2024 Kaiyuan Education Technology Group Co., Ltd., Annual General Meeting, May 21, 2024, at 15:30 China Standard Time. Location: 7F, Building 3, No. 20, Puyuan Road, Yuehu Subdistrict, Kaifu District, Changsha, Hunan China New Risk • Apr 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥163m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 0.4% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (4.7% increase in shares outstanding). Announcement • Mar 30
Kaiyuan Education Technology Group Co., Ltd. to Report Q1, 2024 Results on Apr 24, 2024 Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 24, 2024 Board Change • Mar 01
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Non-Independent Director Yanan Bao was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥163m free cash flow). Earnings have declined by 0.4% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Announcement • Feb 03
Kaiyuan Education Technology Group Co., Ltd. Announces Executive Appointments Kaiyuan Education Technology Group Co., Ltd. at the Extraordinary General Meeting of 2024 held on 01 February 2024 approved election and nomination of non-independent directors, cumulative voting system applicable: Bao Yanan, non-independent director; Xiang Shun, non-independent director; An Jiuwen, non-independent director; Election and nomination of independent directors, cumulative voting system applicable: Liu Qinglin, independent director and Zhao Jinqiang, independent director; Election and nomination of non-employee supervisors, cumulative voting system applicable: Li Daorong, non-employee supervisor and Liu Bin, non-employee supervisor. Board Change • Jan 23
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Hua Bo Ning was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 30
Kaiyuan Education Technology Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 24, 2024 Kaiyuan Education Technology Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 24, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: CN¥0.07 loss per share (vs CN¥0.40 profit in 3Q 2022) Third quarter 2023 results: CN¥0.07 loss per share (down from CN¥0.40 profit in 3Q 2022). Revenue: CN¥77.9m (down 51% from 3Q 2022). Net loss: CN¥28.1m (down 121% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Kaiyuan Education Technology Group Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023 Kaiyuan Education Technology Group Co., Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023 Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥5.01, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 44x in the Electronic industry in China. Total loss to shareholders of 42% over the past three years. New Risk • Aug 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (264% accrual ratio). Minor Risk Shareholders have been diluted in the past year (4.7% increase in shares outstanding). Reported Earnings • Aug 28
Second quarter 2023 earnings released: CN¥0.023 loss per share (vs CN¥0.055 loss in 2Q 2022) Second quarter 2023 results: CN¥0.023 loss per share (improved from CN¥0.055 loss in 2Q 2022). Revenue: CN¥107.4m (down 21% from 2Q 2022). Net loss: CN¥9.04m (loss narrowed 52% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Jun 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (116% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: CN¥0.011 (vs CN¥0.15 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.011 (up from CN¥0.15 loss in 1Q 2022). Revenue: CN¥107.3m (down 37% from 1Q 2022). Net income: CN¥4.32m (up CN¥54.3m from 1Q 2022). Profit margin: 4.0% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: CN¥0.10 (vs CN¥1.36 loss in FY 2021) Full year 2022 results: EPS: CN¥0.10 (up from CN¥1.36 loss in FY 2021). Revenue: CN¥647.1m (down 31% from FY 2021). Net income: CN¥34.6m (up CN¥495.4m from FY 2021). Profit margin: 5.3% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Feb 07
Li Xi completed the acquisition of 20% stake in Hunan Leshang Investment Fund Partnership Enterprise (Limited Partnership) from Kaiyuan Education Technology Group Co., Ltd. (SZSE:300338). Li Xi agreed to acquire 20% stake in Hunan Leshang Investment Fund Partnership Enterprise (Limited Partnership) from Kaiyuan Education Technology Group Co., Ltd. (SZSE:300338) for CNY 50 million on January 30, 2023. The board of Kaiyuan Education Technology Group has approved the deal on January 30, 2023.Li Xi completed the acquisition of 20% stake in Hunan Leshang Investment Fund Partnership Enterprise (Limited Partnership) from Kaiyuan Education Technology Group Co., Ltd. (SZSE:300338) on February 6, 2023. As of February 6, 2023, The transfer has completed the registration modification and filing and issuance of business license. At the same time, Li Xi has paid the price of CNY 50 million. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Fulin Ding was the last director to join the board, commencing their role in 2019. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.40 (vs CN¥0.17 loss in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.40 (up from CN¥0.17 loss in 3Q 2021). Revenue: CN¥158.5m (down 45% from 3Q 2021). Net income: CN¥136.1m (up CN¥194.2m from 3Q 2021). Profit margin: 86% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings released: CN¥0.055 loss per share (vs CN¥0.11 loss in 2Q 2021) Second quarter 2022 results: CN¥0.055 loss per share (up from CN¥0.11 loss in 2Q 2021). Revenue: CN¥136.1m (down 57% from 2Q 2021). Net loss: CN¥18.7m (loss narrowed 48% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 30
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: CN¥1.36 loss per share (up from CN¥2.25 loss in FY 2020). Revenue: CN¥930.8m (up 9.5% from FY 2020). Net loss: CN¥460.8m (loss narrowed 40% from FY 2020). Revenue missed analyst estimates by 17%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Fulin Ding was the last director to join the board, commencing their role in 2019. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: CN¥1.15 loss per share (up from CN¥2.25 loss in FY 2020). Revenue: CN¥965.1m (up 14% from FY 2020). Net loss: CN¥391.4m (loss narrowed 49% from FY 2020). Revenue missed analyst estimates by 100%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 47%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 26
Third quarter 2021 earnings released: CN¥0.17 loss per share (vs CN¥0.027 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: CN¥286.5m (down 4.6% from 3Q 2020). Net loss: CN¥58.1m (loss widened CN¥48.9m from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 24
Second quarter 2021 earnings released: CN¥0.11 loss per share (vs CN¥0.12 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CN¥319.8m (up 38% from 2Q 2020). Net loss: CN¥36.2m (loss narrowed 11% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 25
First quarter 2021 earnings released: CN¥0.25 loss per share (vs CN¥0.35 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥217.6m (up 57% from 1Q 2020). Net loss: CN¥86.0m (loss narrowed 29% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 13
New 90-day low: CN¥5.47 The company is down 35% from its price of CN¥8.40 on 15 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥6.92 The company is down 18% from its price of CN¥8.47 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 4.0% over the same period. Is New 90 Day High Low • Nov 10
New 90-day low: CN¥7.37 The company is down 12% from its price of CN¥8.40 on 12 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥853.6m, with earnings decreasing by CN¥889.8m from the prior year. Total revenue was CN¥952.2m over the last 12 months, down 43% from the prior year. Is New 90 Day High Low • Oct 25
New 90-day low: CN¥8.05 The company is down 3.0% from its price of CN¥8.27 on 27 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 3.0% over the same period. Announcement • Aug 13
Changsha Kaiyuan Instruments Co., Ltd to Report First Half, 2020 Results on Aug 28, 2020 Changsha Kaiyuan Instruments Co., Ltd announced that they will report first half, 2020 results on Aug 28, 2020 Announcement • Jul 30
Long Ailing completed the acquisition of 5.01% stake in Changsha Kaiyuan Instruments Co., Ltd (SZSE:300338) from Luo Jianwen. Long Ailing agreed to acquire 5.01% stake in Changsha Kaiyuan Instruments Co., Ltd (SZSE:300338) from Luo Jianwen for approximately CNY 120 million on June 24, 2020. Under the terms of the transaction, Long Ailing will pay CNY 7.05 per share to acquire 17.2 million shares in Changsha Kaiyuan Instruments Co., Ltd. Long Ailing shall pay the first share transfer price of CNY 24.252 million to Luo Jianwen within two days after this agreement takes effect and obtains the share agreement transfer confirmation issued by Shenzhen Stock Exchange. Long Ailing shall pay Luo Jianwen a share transfer price of CNY 36.378 million within 2 months from the date that Luo Jianwen completes the transfer of all subject shares to Long Ailing. Long Ailing shall pay the remaining share transfer price of CNY 60.63 million yuan to Luo Jianwen before December 30, 2020. Upon completion, Luo Jianwen will own 6.79% stake in Changsha Kaiyuan Instruments Co., Ltd.
Long Ailing completed the acquisition of 5.01% stake in Changsha Kaiyuan Instruments Co., Ltd (SZSE:300338) from Luo Jianwen on July 20, 2020.