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Nanning Sugar

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2026

    2023–2024 financial indicators falsely recorded, investigation opened; negative net assets lead to *ST

    Nanning Sugar Industry (Guangnong Sugar Industry), due to false records of financial indicators in its 2023–2024 annual reports, received in 2026 a prior administrative penalty notice from the Guangxi bureau of the CSRC; at the end of 2025, net assets were negative and it was subject to delisting risk warning; the company continued to lose money, with a 2022 net loss attributable to shareholders of 458 million yuan. Prior administrative penalty notice; *ST.

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