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Zhejiang Power New Energy Co., Ltd.'s (SHSE:688184) 26% Dip In Price Shows Sentiment Is Matching Revenues
Pawa Co., Ltd. (688184.SH): has repurchased a total of 0.49% of its shares.
On April 1, Guolonghui announced that as of March 31, 2025, the company has repurchased a total of 773,776 shares through the centralized bidding trading method on the Shanghai Stock Exchange, accounting for 0.49% of the company's total share capital. The highest price for the repurchase transaction was 14.43 yuan per share, the lowest price was 12.54 yuan per share, and the total amount of funds paid was 10,002,639.33 yuan (excluding stamp duty, transaction commissions, and other transaction costs).
From performance reversal to distorted financial data, Pawa Co., Ltd. has received another warning letter.
1. The regulatory body directly pointed out that the 2023 annual report and the 2024 multiple periodic reports contain issues such as inflated revenue, under-provisioning for inventory write-downs, and inflated construction in progress, as well as "irregular management of stamp usage; 2. This warning letter is not the first time Pava Co., Ltd. has been named by regulators, exposing systemic risks regarding the authenticity of its financial data.
Pawa Co., Ltd.: Zhejiang Pawa New Energy Co., Ltd. 2024 Annual Results Express Announcement
Zhejiang Pawa New Energy Co., Ltd. 2024 Annual Performance Report Announcement
Zhejiang Pawa New Energy Co., Ltd. 2024 Annual Results Forecast
