Shining 3D: Financial Report Validity Period Nearing Expiration, Suspension of Review Application Approved

Source: Shining 3D Announcement on the Progress of the Application for Public Offering of Shares and Listing on the Beijing Stock Exchange and the Trading Suspension

DentalGoodNews｜Shining 3D Technology, Inc. announced on September 30, 2026 that, as the financial report cited in the current application documents (cut-off date December 31, 2025) is about to expire, the company submitted an application to the exchange to suspend the review in accordance with the relevant review rules of the Beijing Stock Exchange, and the BSE approved it on September 29.

According to the "Beijing Stock Exchange Rules for the Review of Public Offering and Listing of Stocks to Unspecific Qualified Investors" and other relevant provisions, before the financial report cited in the application documents expires, an enterprise must apply to suspend the review, and may only apply for resumption after completing the update of financial data. This is a routine arrangement in the review procedure.

Shining 3D had previously triggered one suspension under the same rule: before the financial report initially cited by the company, as of June 30, 2025, expired, it applied to suspend the review on March 31, 2026, which was approved by the BSE. After completing the update of financial data, the BSE adjusted the review status to resumed review on April 20 of that year.

From the perspective of the application timeline, Shining 3D submitted its listing application materials to the BSE on December 26, 2025, its stock was suspended from trading starting December 29, 2025, and it was accepted by the BSE on December 31, 2025, with the prospectus disclosed. During the review period, the company received the first round of inquiry letters on January 22, 2026, and disclosed its reply on April 30; it received the second round of inquiry letters on June 11 (focusing on the reasonableness of overseas revenue growth and the level of gross margin), and disclosed its reply on July 21.

Source: Shining 3D 2026 Semi-Annual Report

According to previous reports by DGN, in the first half of 2026, Shining 3D achieved operating revenue of 998 million yuan, a year-on-year increase of 45.04%; Net Profit Attributable to Shareholders of the Parent Company was 284 million yuan, a year-on-year increase of 60.62%; its core product, the 3D scanner, contributed revenue of 873 million yuan, a year-on-year increase of 49.16%, mainly due to rapid sales growth of Dental 3D scanners.

This announcement also noted that Shining 3D's public offering and listing still requires procedures such as BSE review and China Securities Regulatory Commission registration, and there is a risk that the offering may fail if it cannot pass review or registration. As of press time, the company's stock remains suspended from trading, and it will fulfill its information disclosure obligations in accordance with regulations based on the progress of the matter.