Shining 3D: Shanghai Securities exits market-making business; Beijing Stock Exchange IPO review remains suspended

Source: Announcement of Shanghai Securities Co., Ltd. on Withdrawing from Providing Market-Making Quotation Services for the Stocks of Shining 3D Technology Co., Ltd.

DentalGoodNews｜Starting May 20, 2026, Shanghai Securities Co., Ltd. (hereinafter referred to as "Shanghai Securities") will withdraw from providing market-making quotation services for Shining 3D Technology Co., Ltd. (hereinafter referred to as "Shining 3D").

According to an announcement by Shanghai Securities, this withdrawal has been approved by the National Equities Exchange and Quotations Co., Ltd. In accordance with regulations, Shanghai Securities will officially cease its market-making quotation obligations for Shining 3D (Stock Code: 830978) starting May 20.

Currently, Shining 3D is in the process of its IPO on the Beijing Stock Exchange (BSE). As previously reported by DGN, on March 31, 2026, Shining 3D applied to suspend its IPO review on the BSE due to the expiration of its financial reports, and will apply for resumption after updating the audit. Shining 3D's 2025 annual revenue reached RMB 1.575 billion, a year-on-year increase of 31.03%, with a Net Profit Attributable to Shareholders of the Parent Company of RMB 425 million.

Founded in 2004 and headquartered in Hangzhou, Shining 3D is a company focused on 3D digitalization and Additive Manufacturing (AM) / 3D Printing equipment. The company specializes in the R&D and application of high-precision 3D vision software and hardware, with products widely used in industries such as dental healthcare, and is currently applying for listing on the BSE.

As of press time, Shining 3D has not issued further statements regarding this adjustment of market makers.