Xisheng Stock Plummets After Being Designated 'Full Payment' Security

Xisheng, a battery manufacturer trading under the stock code 3625, is facing severe financial pressure after its stock was designated for "full payment" trading by the GreTai Securities Market (GTSM). This regulatory action, taken because the company's net worth has fallen below half of its stated capital, has triggered a sharp decline in its stock price.

On August 20, 2026, Xisheng's shares opened at the daily limit down of 11.35 yuan and continued to fall. As of 9:25 AM, the stock had dropped 1.05 yuan, or 8.33%, with over 2,200 transactions recorded. This significant sell-off reflects investor concerns following the GTSM's designation.

Financial reports reveal a worsening performance for Xisheng. The company recorded a net loss of 48.18 million yuan in the second quarter, a stark contrast to the profits reported in the previous quarter and the same period last year. The loss per share for the quarter was 0.44 yuan. For the first half of the year, the cumulative net loss expanded to 46.60 million yuan, compared to a loss of 6.985 million yuan in the prior year, with a loss per share of 0.42 yuan.

Xisheng's revenue in July was 359.2 billion yuan, a decrease of 21.8% month-on-month but an increase of 5.9% year-on-year. Accumulated revenue for the first seven months reached 258 million yuan, up 4.3% from the previous year. Institutional investors have shown limited recent interest in Xisheng, further contributing to the stock's negative sentiment.