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● A 1-for-128 reverse split took effect on May 21.
● The company has until March 22, 2027 to regain Nasdaq market value compliance.
● Trailing revenue is CNY 161.42 million against a net loss of CNY 24.80 million.
● Second-quarter revenue fell to about $1.50 million from $3.15 million.
● Free cash flow margin was 18% in the second quarter.
● It regained Nasdaq market value compliance on September 24, 2026.
● The company described the plan as early planning with only initial discussions.
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