note! Multiple shares sound the delisting alarm! Are there any stocks you hold?

Entering the annual report disclosure season, a number of *ST stocks issued risk warnings saying that the company had the risk of terminating its listing. It is understood that if the company's first fiscal year has a negative audited net asset at the end of the period, the audited net profit (subject to the lower net profit before and after deducting non-recurring gains and losses, the same below) is negative and the operating income is less than 100 million yuan, the company's shares will be terminated. Which stocks are likely to touch the above indicators? Wind data shows that in addition to the disclosed annual report of *ST Huasu (000509), 34 *ST stocks reported negative audited net profit and operating income of less than 100 million yuan in the third quarter of 2021, in addition, 26 stocks had negative net assets in the first three quarters of 2021. With the advent of the annual report disclosure season, these stocks will usher in a "life and death test". At present, among the above 60 shares, *ST Zhongxin and *ST Bus have disclosed their 2021 performance forecasts, among which * ST Zhongxin may touch the delisting indicators, and the operating situation is not optimistic. The *ST bus, on the other hand, saved itself or escaped the disaster.

60 shares in the third quarter of 2021 financial indicators stepped on the delisting warning line

Wind data shows that in addition to *ST Huasu, which has disclosed its 2021 annual report, 34 individual stocks that have implemented delisting risk warnings have negative net profits and operating income of less than 100 million yuan in the first three quarters of 2021, and in addition to 34 shares, there are 26 stocks with negative net assets in the first three quarters of 2021, and a total of 60 shares face financial delisting risks.

According to the Stock Listing Rules of the Shanghai and Shenzhen Stock Exchanges, stocks that have been delisted by the Shanghai and Shenzhen Stock Exchanges due to financial situations such as negative audited net profit and operating income of less than 100 million yuan in the most recent fiscal year, negative net assets at the end of the audit period of the most recent fiscal year, and audit reports issued in the financial accounting report of the most recent fiscal year that cannot express opinions or negative opinions, if the audited net assets at the end of the new fiscal year are negative, If the audited net profit is negative and the operating income is less than 100 million yuan, the company's shares will be terminated. Therefore, the financial performance of the above-mentioned stocks that have been delisted risk warnings in 2021 is worth paying attention to, of which net profit, operating income and net assets are key indicators.

Wind data shows that in the first three quarters of 2021, 34 shares such as *ST Jinzhou, *ST Danbang, *ST Haichuang, *ST Bangxun and other 34 shares had negative net profits and operating income of less than 100 million yuan. Taking *ST Danbang as an example, *ST Danbang achieved operating income of about 49.32 million yuan in the first three quarters of 2021, corresponding to the attributable net profit of about -171 million yuan, and corresponding to the realized net profit after deduction of non-deduction of about -175 million yuan.

In addition, there are 35 individual stocks with negative net assets in the first three quarters of 2021, of which 9 shares, such as *ST Tiancheng, *ST Tianlong, *ST TEPCO, etc., also meet the situation that the net profit is negative and the operating income is less than 100 million yuan. In other words, a total of 60 shares are currently facing the risk of financial delisting.

Investment and financing expert Xu Xiaoheng said that the company's negative net assets mean that the company has become insolvent, such a company risk is relatively large, in addition to paying attention to the company's profitability, investors should also pay attention to the company's assets and liabilities.

*ST Zhongxincheng "quasi-delisted" shares

Among the above 60 shares, *ST Zhongxin and *ST Bus took the lead in disclosing the 2021 performance forecast, of which *ST Zhongxin expects that the company's audited net profit in 2021 may be negative, operating income may be less than 100 million yuan, and net assets at the end of the period may be negative, which is only "one step away" from delisting.

It is understood that on January 18, *ST Zhongxin disclosed that the company's 2021 performance forecast shows that the company is expected to achieve operating income of about 805,000 yuan in 2021, less than 100 million yuan; at the same time, the company expects to achieve a net profit attributable to about -400 million yuan to -450 million yuan in 2021. The company expects net assets of -2.2 billion yuan to -2.5 billion yuan in 2021.

*ST Zhongxin said that the company's performance pre-loss was mainly due to a credit impairment loss of 191 million yuan and an interest expense of 184 million yuan, which affected 375 million yuan. In addition, *ST Zhongxin said that after the preliminary communication between the company and the auditor, the company's 2021 annual financial report may continue to be issued a non-standard audit opinion. According to the provisions of the Stock Listing Rules of the Shanghai Stock Exchange, the listing of the company's shares may be terminated by the Shanghai Stock Exchange.

According to the arrangement, *ST Zhongxin's 2021 annual report will be disclosed on March 31, and if *ST Zhongxin's audited financial data does not change, the company's delisting will become a foregone conclusion.

Affected by the news, *ST Zhongxin on January 18, January 19 two trading days "one" word fell to a stop, as of the close of January 19, *ST Zhongxin reported 1.65 yuan / share, the total market value of 495 million yuan. In response to the company's related problems, the Beijing Business Daily reporter called the office of the secretary of the board of directors of *ST Zhongxin for an interview, but the other party's phone was not answered.

In an interview with the Beijing Business Daily reporter, Xu Jingsui, a partner of Chengluo Capital, said that China's stock market has developed for more than 30 years and is becoming more and more mature, and it was originally because of the high threshold for IPO, many poor-performing stocks will become immortal birds because of shell value, and they will be repeatedly speculated. Now that the multi-level capital market has been basically established and perfected, for investors, carefully identify the fundamentals of the company, rational investment, objectively look at the company and the industry, and do not have a fluke mentality.

*ST bus or escaped a disaster

Unlike *ST Zhongxin, *ST Bus, which also disclosed its 2021 performance forecast, may escape the disaster, and its net assets are expected to turn from negative to positive.

On January 18, *ST Bus disclosed that the 2021 performance forecast showed that the company is expected to achieve operating income of 230 million to 320 million yuan, operating income of about 180,000-250,000 yuan after deducting business income unrelated to the main business and income without commercial substance; net profit attributable to 126 million to 176 million yuan, net profit after deduction of non-profit of 6 million to 8.5 million yuan, net assets of 45 million to 62 million yuan. If the audited indicators are consistent with the performance forecast, the risk of delisting of the company will be eliminated. In the first three quarters of 2021, *ST Bus's net assets were about negative.

*ST Bus said that the donated assets had a greater impact on the company's profit data for the current period. It is understood that during the reporting period, Zhongtian Meimei Group Co., Ltd., a related party of *ST Bus, donated 100% of the equity of Zhongtian Meimei Service Group Co., Ltd. (hereinafter referred to as "Zhongtian Meimei Service") legally held by it to the company free of charge, and Zhongtian Meimei Service has now become a wholly-owned subsidiary of the company and should be included in the scope of the company's consolidated statements.

It is worth mentioning that *ST Bus also received a letter of concern from the Shenzhen Stock Exchange, which asked the company to explain the reasons and rationality of the sharp changes in financial indicators in the fourth quarter, and whether the company had a surprise transaction at the end of the year to avoid the risk of delisting.

In addition, *ST Bus stock price has risen significantly since December 2021, and Oriental Wealth shows that from December 1, 2021 to January 19, 2022, the cumulative increase in the *ST bus range is 54.21%. In the letter of concern, the Shenzhen Stock Exchange requested *ST Bus to explain whether there were any violations of the principle of fair disclosure and whether there were any circumstances in which the shareholders were aware of the performance matters in advance in light of the investors' communication records.

Trading conditions show that on January 19, *ST bus rose and closed. As of the close of the day, *ST Bus was quoted at 4.95 yuan / share, an increase of 5.1%, with a total market value of 1.448 billion yuan.

Beijing Business Daily reporter Dong Liang Ding Ning