The shares of “ST” Pairy, which had been labeled, resumed trading on June 9.

In early trading, ST Pairy opened at the daily limit down price of 16.74 yuan, and by 10:32, the decline narrowed to 16.68%.

On the evening of June 7, A-share listed company Pairy (300831) announced that it had received an “Advance Notice of Administrative Penalties” from the Shaanxi Securities Regulatory Bureau. This leading power semiconductor company, which once set a record of 12 consecutive daily limit-ups after listing and saw its stock price surge over 250% within the year, was found to have tampered with acceptance certificates to “smooth earnings,” resulting in a 50.02% overstatement of profits in its 2025 semi-annual report. The company and three senior executives face a combined proposed fine of 10.2 million yuan, and the stock was changed to “ST Pairy” starting June 9.

It is worth noting that in the first quarter of this year, Goldman Sachs and JPMorgan just heavily bought the stock, but its price has now fallen over 20% from its peak.

Shaanxi Securities Regulatory Bureau

The Shaanxi Securities Regulatory Bureau is a local branch of the China Securities Regulatory Commission (CSRC), responsible for overseeing and regulating securities and futures markets within Shaanxi Province. Its establishment reflects China’s broader efforts to strengthen financial market supervision and investor protection following economic reforms and the development of the country’s capital markets. The bureau plays a key role in ensuring market compliance, preventing fraud, and promoting the healthy growth of the regional financial industry.

Shaanxi Securities Regulatory Bureau

The Shaanxi Securities Regulatory Bureau is a local branch of the China Securities Regulatory Commission (CSRC), responsible for overseeing securities and futures markets in Shaanxi Province. Established as part of China’s financial regulatory system, it ensures market compliance, protects investor rights, and promotes the orderly development of the region’s capital markets. Its operations are closely tied to China’s broader economic reforms since the 1990s, when securities regulation was centralized to manage the growing stock exchanges and listed companies.

ST Pairy

ST Pairy refers to the stock of Pairy (300831) after it was designated as a special treatment (ST) stock by the exchange, indicating financial irregularities or other issues. The designation signals increased risk and often leads to trading restrictions, such as a daily limit down on the first day of trading under the new label.

Shaanxi Securities Regulatory Bureau

The Shaanxi Securities Regulatory Bureau is a local branch of the China Securities Regulatory Commission (CSRC), responsible for overseeing securities and futures markets in Shaanxi Province. Established as part of China’s financial regulatory framework, it enforces national laws and policies to ensure market order, protect investors, and promote the healthy development of the region’s capital markets. Its history is tied to the broader evolution of China’s securities regulation, which began in the early 1990s with the establishment of the CSRC and its provincial offices.

Shaanxi Securities Regulatory Bureau

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Shaanxi Securities Regulatory Bureau

The Shaanxi Securities Regulatory Bureau is a local branch of the China Securities Regulatory Commission (CSRC), responsible for overseeing securities and futures markets in Shaanxi Province, China. Established as part of China’s financial regulatory framework during the 1990s, its role has evolved alongside the country’s capital market reforms. The bureau ensures compliance with national laws, protects investors, and promotes the stable development of Shaanxi’s financial sector.

ST Pairy

I’m sorry, but “ST Pairy” does not appear to refer to a known place or cultural site. It may be a misspelling or an obscure reference. Could you please provide more context or check the spelling?