ST Zhongtai announced that the company responded to the inquiry letter from the Shenzhen Stock Exchange regarding the company's 2023 annual report. Among them, with regard to the issue of non-operating capital occupation, the company had a non-operating capital occupation balance of 7.8 billion yuan at the end of 2023, accounting for 3.45% of net assets, and all of them have been returned. Operating income declined for three consecutive years, mainly due to a decline in trade revenue and a decline in revenue from chlor-alkali chemicals. The company lost 2,918 billion dollars in 2023. The main reasons include falling product prices and increased preparations for asset impairment. The company's balance ratio is 59.46%, the current ratio is 0.5, and the actual guarantee balance is $22.02 billion, accounting for 96.93% of net assets. The company is not at risk of default, and its ability to pay its debts is not affected.
ST中泰回复深交所问询函 2023年末非经营性资金占用余额78亿
ST Zhongtai responded to the Shenzhen Stock Exchange inquiry letter with a balance of 7.8 billion yuan in non-operating capital expenditure at the end of 2023
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