Wary! This month, nearly 50 listed companies "wore hats" and were implemented ST or *ST at a glance

Finance Associated Press

2024-05-26 08:55Published on the official account of Cailianshe under Shanghai Poster Industry Group

Finance Associated Press, May 26 (edited by Lichen) Once a listed company is "wearing a hat with stars", especially by *ST, it often faces a relatively high risk of delisting. After the new delisting rules are officially implemented on January 1, 2025, the risk probability of delisting of such enterprises will further increase. Since May, there has been a significant increase in the number of listed companies that are ST or *ST. By combining Choice and Wind data, in just 16 days from May 6 to May 21, 46 listed companies were "hatted".

Among them, 27 listed companies, including Guorui Technology, Zhongtai Chemical, Shilong Industry, Tefa Information, Huijin Shares, Strait Innovation, Jiangsu Sunshine, Kelida, Zhengtong Electronics, Dima Shares, Pioneer New Materials, Gaohong Shares, Futong Information, Huawei Electronics, Qinghai Spring, Guizhou Bailing, Elion Clean Energy, Baili Technology, Aikang Technology, Oriental Fashion, Liaison Interactive, Yangtze River Health, Selen New Materials, Tianbang Food, Yongyue Technology, Xinzhi Cognition and Infineon, have not been subject to any risk warning to being ST. See the following figure for details:

In addition, 19 listed companies, including Yaxing Bus, Longyu Shares, Yinjiang Technology, Kaiyuan Education, Weidi Shares, Longjin Pharmaceutical, Tianchuang Fashion, Aonong Biotechnology, Jingfeng Pharmaceutical, Zhongrun Resources, SafBon Water, Hengli Industry, Holitai, Hongtao Shares, Shanghai Yilian, Polytechnic Navigation, Chaohua Technology, Meijim and Boxin Shares, further deteriorated from no risk warning to *ST. The specific reasons for the implementation are as follows:

The main business is cable manufacturing, optoelectronic manufacturing, science and technology integration, intelligent services of the four major industries of research and development, special information announced on May 12, the company received the China Securities Regulatory Commission Shenzhen Supervision Bureau issued the "administrative penalty and market ban prior notice". According to the notice, there have been false records in the annual report of special information for five consecutive years. At the same time, a number of former executives of the company, including the former chairman, are planned to be fined up to 4 million yuan per person, and are proposed to be banned from the capital market for up to 10 years. Affected by this, the special information will be suspended for one day on May 13 and resume trading from the opening of the market on May 14. The company's shares have been subject to other risk warnings since the market opened, and the company's stock abbreviation has been changed from "special information" to "ST special information"; The stock trading day limit is 5%. It is worth noting that from May 14 to the close of this Friday, the share price of ST Texin has fallen for 9 consecutive trading days.

Guorui Technology, whose main products are ship power distribution systems and ship engine room automation systems, announced on May 19 that the company received an administrative penalty decision for participating in the financial fraud of the private network communication business led by Sui Tianli. At the same time, Guorui Technology was put on other risk alerts. Guorui Technology shares will be suspended for one day on Monday, and trading will resume from the opening of the market on Tuesday and other risk warnings will be implemented, and the stock abbreviation will be changed from "Guorui Technology" to "ST Ruike". Zhongtai Chemical, which was also suspended on Monday, also received an administrative penalty decision last Friday and was subject to other risk warnings, and the reasons for the punishment involved financial fraud and the occupation of shareholders' funds. Zhongtai Chemical, which has two main enterprises in the chlor-alkali chemical industry and viscose textile industry, resumed trading on Tuesday and was subject to other risk warnings, and the stock abbreviation was changed from "Zhongtai Chemical" to "ST Zhongtai", and the daily rise and fall of stock trading was limited to 5%. ST Zhongtai and ST Ruike resumed trading on Tuesday after the announcement was suspended by ST for a trading day, and both of them had no suspense to fall to the limit, of which ST Ruike was a 20cm one-word limit. Among them, as of Friday's close, ST Zhongtai has fallen for four consecutive trading days.

Shanghai Yilian, a modern printing equipment enterprise, announced on April 29 that the company's shares will be subject to a delisting risk warning due to the "2023 Annual Audit Report" issued by Lixin Zhonglian Certified Public Accountants (Special General Partnership) that cannot express an opinion. Due to the negative opinion of Lixin Zhonglian Certified Public Accountants (Special General Partnership) issued the "2023 Internal Control Audit Report", the company's shares will be subject to other risk warnings. The company's shares will be suspended for 1 day from the market open on April 30, 2024, and will resume trading from the market open on May 6, 2024. After the implementation, the A-share will be referred to as *ST Yilian. It is worth noting that *ST Yilian's share price has fallen for 6 consecutive trading days since May 6. In the long run, *ST Yilian's stock price has fallen the most since the beginning of the year by 84.28%.

(Finance Associated Press, Lichen)

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