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Controversies

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

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  1. 2022

    Failure to Timely Disclose Major Developments Draws Regulatory Letter; Huge Goodwill Impairment

    STEP Electric recorded about 750 million yuan in goodwill impairment in 2022 and a loss of about 1 billion yuan that year; Titanium Media questioned its 600 million yuan equity in-and-out as "performance packaging." In June 2023 it received a regulatory letter from the Shenzhen Stock Exchange for failing to timely disclose major developments including the exit of an advanced manufacturing fund and the exercise of preemptive rights.

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