The most expensive ST shares in the past were delisted!
Approaching the end of the earnings disclosure season, many companies have locked in delisting for what reason!
Following ST Meisheng, ST Mingkong, ST Xinfang, and ST Zhongnan, another company has locked in delisting!
That is the most expensive ST stock in the past - ST Zuojiang!
Different from the reasons for the delisting of other companies mentioned above, ST Zuojiang mainly touched the financial delisting indicators!
According to the announcement issued by ST Zuojiang:
The company's net profit in 2023 is negative, the revenue is less than 100 million yuan, and the financial statements are issued with an audit report with a non-standard audit opinion, therefore, it hits the financial delisting index!
Speaking of *ST Zuojiang, most people's impression is that it is the most expensive *ST shares!
From the perspective of the secondary market trend, *ST Zuojiang walked out of a strong upward trend in May 2022, and the company's share price soared from a minimum of 36.8 yuan to a maximum of 299.8 yuan, during which the stock price rose by 673.7%;
Just when the company's stock price was about to exceed 300 yuan, it was exposed to financial fraud by the Securities Regulatory Commission in early December last year and was investigated by the village!
At the end of January, the China Securities Regulatory Commission said: "It has been preliminarily ascertained that the financial information disclosed by *ST Zuojiang in 2023 is seriously untrue and suspected of major financial fraud." ”
Affected by the news of financial fraud, *ST Zuojiang's share price fell off a cliff in early December, during which it encountered 6 20CM drop limits in 7 days, and the company's stock price has fluctuated all the way down since then!
As of the previous trading day, the company's share price was 6.94 yuan / share, compared with last year's high of 299.8 yuan, the company's share price has fallen by 97.51%, and the total market value has shrunk to 708 million yuan;
From the perspective of the number of shareholders, the number of shareholders in ST Zuojiang in the first quarter was 12,100, compared with the end of last year, the number of shareholders decreased by 4,000 during the period, a decrease of 24.59% from the previous quarter, showing a concentrated trend!
In terms of performance, according to the data of the 2023 annual report released by *ST Zuojiang, during the reporting period, the company achieved a revenue of 53.2516 million yuan and a net profit loss of 220 million yuan;
Extending the long term, *ST Zuojiang will lose 147 million yuan in 2022, with a total loss of 360 million yuan in 2022 + 2023, directly losing all the net profits in the past 6 years;
In the past year, since the release of the strictest new delisting rules, the number of delistings in the A-share market has been increasing!
At present, 9 companies in the A-share market have been terminated and delisted, namely *ST Huayi, *ST Oceanwide, *ST Bolong, *ST Aidi, ST Hongda, *ST Xinhai, *ST Potian, ST Guiren, and ST Xingyuan;
In addition, many companies such as ST Zhongnan, *ST Meishang, *ST Xinfang and so on have locked in the face value in advance and delisted, even if the follow-up stock price continues to rise, it is difficult to return to above 1 yuan!
At the end of the performance disclosure, I believe that there are still many companies because of financial problems sounded the delisting alarm, for poor performance stocks, problem ST shares, short-term attention to avoid!
Recently, the village has also introduced relevant measures for the delisting system!
For example, the "Opinions on the Strict Implementation of the Delisting System" recently issued by the China Securities Regulatory Commission (CSRC) mentions that the deterrence of financial fraud and corporate governance chaos is further highlighted;
In addition, the new "National Nine Articles" also mentions the content of delisting, in which the index "deepens the reform of the delisting system and accelerates the formation of a normalized delisting pattern that should be withdrawn and cleared in a timely manner"!