① Since May, 46 A-share listed companies have been “wearing hats” (attached table); ② 27 listed companies, including Guorui Technology and Zhongtai Chemical, have not implemented any risk warnings to 19 listed companies, including ST, Asia Star Bus, and Longyu Co., Ltd., have further deteriorated from risk-free warnings to *ST; ③ After the risk warning was implemented, ST Texin's stock price has fallen to a standstill for 9 consecutive trading days.
Financial Services Association, May 26 (Editor: Ga Chen) Once a listed company is “covered in stars”, especially by *ST, they often face a relatively high risk of delisting. After the new delisting regulations are officially implemented on January 1, 2025, the risk probability of delisting of such companies will further increase. Since May, there has been a marked increase in the number of listed companies listed by ST or*ST. Combined with Choice and Wind data, 46 listed companies were “hooded” in just 16 days from May 6 to May 21.
Among them, 27 listed companies, including Guorui Technology, Zhongtai Chemical, Shilong Industrial, Tefa Information, Huijin, Strait Innovation, Jiangsu Sunshine, Colida, Zentong Electronics, Dima, Pioneer New Materials, Gaohong, Fortis Information, HuaWei Electronics, Qinghai Spring, Guizhou Bailing, Yili Clean Energy, Baili Technology, Oriental Fashion, Contact and Interaction, Changjiang Health, Xinlun New Materials, Tianbang Food, Yongyue Technology, Xinzhi Cognition, and Yingtuo, were not subject to any risk The warning was sent to ST. See the image below for details:
In addition, 19 listed companies, including Yaxing Bus, Longyu Co., Ltd., Yinjiang Technology, Kaiyuan Education, Weidi Co., Ltd., Longjin Pharmaceutical, Tianchuang Fashion, Aonong Biology, Jingfeng Pharmaceutical, Zhongrun Resources, Baan Water, Hengli Industrial, Helitai, Hongtao Co., Ltd., Shanghai Yilian, Polytech Navigation, Chaohua Technology, MeiJim and Boxin Co., Ltd., have further deteriorated from risk-free warnings to *ST. The specific reasons for implementation are shown below:
Special information on research and development in the four major industries of cable manufacturing, optoelectronic manufacturing, technology integration, and intelligent services was announced on May 12. The company received the “Advance Notice of Administrative Penalties and Market Bans” issued by the Shenzhen Regulatory Bureau of the China Securities Regulatory Commission. According to the notice, there were false records in the Tefa Information Annual Report for 5 consecutive years. At the same time, a number of former executives of the company, including the former chairman, are to be fined up to 4 million yuan per person and banned from entering the capital market for up to 10 years. Affected by this, Tefa will suspend trading for one day on May 13 and resume trading from the opening of the market on May 14. Other risk warnings have been implemented for the company's stock since the opening of the market. The company's stock abbreviation was changed from “Tefa Information” to “ST Trust”; the stock exchange rate was limited to 5%. It is worth noting that from May 14 to the close of trading this Friday, ST Texin's stock price has been falling to a standstill for 9 consecutive trading days.
Guorui Technology, whose main products are ship power distribution systems and ship cabin automation systems, announced on May 19 that the company received an administrative penalty decision for participating in financial fraud in the private network communication business led by Sui Tianli. At the same time, Guorui Technology was given other risk warnings. Trading of Guorui Technology shares will be suspended for one day on Monday. Trading will resume from the opening of the market on Tuesday, and other risk warnings will be implemented. The stock abbreviation will be changed from “Guorui Technology” to “ST Ruico”. Zhongtai Chemical, which also suspended trading on Monday, also received an administrative penalty decision on Friday and was subject to other risk warnings. The reasons for the penalties involved financial fraud, use of shareholders' funds, etc. Zhongtai Chemical, which has two major companies in the chlor-alkali chemical industry and the viscose textile industry, resumed trading on Tuesday and was subject to other risk warnings. The stock abbreviation was changed from “Zhongtai Chemical” to “ST Zhongtai”, and the daily rise and fall rate of stock trading was limited to 5%. ST Zhongtai and ST Recco both resumed trading on Tuesday after announcing that ST had suspended trading for a trading day. Both fell to a halt without any suspense. Among them, ST Ricoh fell to a halt by 20 cm. Among them, ST Zhongtai had fallen to a halt for four consecutive trading days as of Friday's close.
Shanghai Yilian, a modern printing equipment company, announced on April 29 that the company's shares will be subject to a delisting risk warning because Lixin China Union Certified Public Accountants (Special General Partnership) issued the “2023 Audit Report”, which cannot express an opinion. Since Lixin CCP (Special General Partnership) issued a negative opinion on the “2023 Internal Control Audit Report”, the company's stock will be subject to other risk warnings. Trading of the company's shares was suspended for 1 day from the opening of the market on April 30, 2024, and trading will resume from the opening of the market on May 6, 2024. After implementation, A-share will be abbreviated as*ST Easy Link. It is worth noting that *ST E-Link's stock price has been falling to a halt for 6 consecutive trading days since May 6. Looking at it over a long period of time, the biggest cumulative decline in *ST Yilian's stock price since the beginning of the year was 84.28%.
