Under the new delisting system of A-share listed companies, many stocks were directly ST, resulting in continuous and continuous decline in stocks, more than 700,000 shareholders stepped on the thunder, and suffered miserable losses, with incomplete data showing that in May, some stocks fell by more than 60% in a month, and shareholders can be described as heavy losses. In addition, the number of listed companies that have committed fraud and thunderstorms has begun to increase, which can be said to be difficult to prevent. I don't know that day I stepped on the thunder, which made everyone panic, and now I don't dare to hold stocks for a long time, you see that his performance is very good, and he will not thunder, but he can fake, and he has been fraudulent for many years, and this shareholder can know that the investment risk is increasing.
Since May, many companies such as ST Zhongnan, *ST Baoli, *ST Shimao, Zhengyuan Shares, *ST Gaosheng, *ST Meiji, ST Sunshine and other companies have locked in "1 yuan delisting" due to the stock price falling below 1 yuan continuously. There are also some stocks that are continuously down limits, although they have not yet locked in and delisted, but it is estimated that they are not far away. ST Futong, *ST Zhongrun, *ST Meiji, ST Changkang, *ST Chaohua, ST Bailey, ST Sunshine, and ST Aikang 8 companies fell for 20 consecutive days in 20 trading days, and the cumulative decline during the period was more than 60%. The company's stock price has been closed one after another, and investors behind it are basically unable to sell. Specifically, let's take a look at these 8 listed companies and take them as a warning:
1.ST Futong - 000836, the company specializes in optical communication business with optical fiber and cable manufacturing as the core and quartz products business supplemented by quartz pipe products. ST Fortis adjusted for prior-period accounting errors and corrected improperly recognized revenue, resulting in a significant increase in losses in the first three quarters of 2023. At the same time, the auditor could not determine the actual use of the large prepaid accounts between the company and related parties and non-related parties and whether the related parties and their transactions were complete, and the company's 2023 internal control audit report was therefore issued a negative opinion and touched the risk warning clause.
2. *ST Zhongrun - 000506, the company's main business includes mining and real estate development, construction, sales and leasing of its own real estate with gold as the main variety. Why does the stock price continue to fall to the limit? According to the staff of the office of the board of directors of the company, it may be related to the audit report issued by the accounting firm on the company's annual report that cannot express an opinion. This audit report, like a bombshell, has raised deep doubts in the market about the financial transparency of *ST Zhongrun.
3. *ST Meiji - 002621, as an explorer of modern education, Meiji is committed to providing high-quality education products and services for school-age children in China. Since 2023, Meijim has been caught in a store closure storm many times, according to incomplete statistics, Meijim has closed dozens of stores in various places, of which Shanghai and Guangzhou are the hardest hit areas, and Shanghai alone has closed as many as a dozen stores. Under the "wave of store closures", it was difficult for students to refund their fees, teachers and staff were faced with no results in salary bargaining, and Meijim was questioned about "running away" and suffered
4.ST Changkang - 002435, the company is mainly engaged in the research and development, production and sales of pharmaceutical products, providing obstetrics and gynecology specialist medical services, as well as the sales of mechanical products such as elevator guide rails. In the verification, ST Changkang found that there was a situation in which Changjiang Runfa Group Co., Ltd. and related parties occupied the company's funds, and the company hired Hexin Certified Public Accountants (Special General Partnership) issued a qualified opinion on the company's 2023 financial statements, and issued a special explanation on the non-standard audit opinion on the 2023 financial statements of Changjiang Runfa Health Industry Co., Ltd. on the occupation of funds. Due to the suspicion of illegal information disclosure of ST Changkang and Changjiang Runfa Group, in accordance with the Securities Law, Administrative Punishment Law and other laws and regulations, the China Securities Regulatory Commission has filed a case against ST Changkang and Changjiang Runfa Group
5. *ST Chaohua - 002288, the company is mainly engaged in the research and development, production and sales of high-precision electronic copper foil, various types of copper clad laminates and other electronic substrates and printed circuit boards (PCB). In 2022, Chaohua Technology, through its subsidiary Guangdong Chaohua New Material Technology Co., Ltd. (hereinafter referred to as Chaohua New Material), established a buying and selling relationship with Anhui Jianglan Resources Technology Co., Ltd. (hereinafter referred to as Jianglan Company) and Tianchang Pengyang Copper Co., Ltd. (hereinafter referred to as Pengyang Copper) to sell electrolytic copper to these two Anhui customers. By the end of 2022, Jianglan Company and Pengyang Copper owed Chaohua Technology a total of 278 million yuan in arrears, and at that time, the annual review agency of Chaohua Technology believed that the commercial substance and reasonableness of the two receivables were questionable, and issued a non-standard audit report on the annual report of the listed company.
6.ST Bailey——603959, the company is committed to providing overall solutions for smart factories in the new energy and traditional energy industries, including engineering consulting and design, proprietary equipment manufacturing, intelligent production line integration and EPC general contracting services. In 2023, ST Baili will turn from profit to loss, and the net profit attributable to the parent company will be -118 million yuan, a year-on-year decrease of 1473.54%. In the first quarter of 2024, it will continue to lose money, and the operating pressure will not be resolved. At the same time, ST Bailey's was issued a negative opinion on internal control deficiencies in 2023, so other risk warnings were implemented.
7.ST Sunshine - 600220, the company belongs to the textile manufacturing industry, subdivided into wool industry, according to the processing technology can be subdivided into worsted woolen industry. At the same time, there are subsidiaries involved in the thermoelectric industry. It is mainly engaged in the production and sales of woolen fabrics and electric steam. Jiangsu Sunshine's 2023 annual report shows that the non-operating funds of the controlling shareholder Sunshine Group occupy 170 million yuan, and it is expected that it will not be able to complete the repayment within one month. The "occupation of non-operating funds by the controlling shareholder" has also become one of the reasons why Jiangsu Sunshine has been implemented "other risk warnings", and the stock abbreviation has also been changed to "ST Sunshine" on May 6.
8.ST iKang-002610, as the first listed company of photovoltaic accessories in China, has formed a business development pattern focusing on the two core businesses of advanced and efficient manufacturing and new energy comprehensive services after several strategic transformations and developments, and has developed into a leading high-efficiency new energy integrated service provider in China. At present, the company's main products and services include high-efficiency photovoltaic cell module products, bracket products, frame products, new energy power generation and integrated power services. The company's net profit before and after deducting non-recurring gains and losses for the last three consecutive fiscal years has been negative, and at the same time, the company's annual audit accounting firm Su Ya Jincheng Certified Public Accountants (special general partnership) issued an audit report on the company's 2023 annual financial report with a qualified opinion on the material uncertainty related to continuing operations, and issued a negative audit report on the company's internal control in 2023. According to the provisions of Article 9.8.1 (4) and (7) of the Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange, the Company has been subject to "other risk warnings" for its stock trading, and the Company's stock trading has been subject to other risk warnings since May 6, 2024.
After reading it, it is really shocking, the obvious feature of these companies is that the performance is relatively poor, and the poor performance can still be avoided when we select stocks, especially the companies that have been losing money for many years, although the funds may speculate on a wave, but once the thunderstorm is also very miserable, I looked at the stocks I bought before, and there are a few ST this year, without exception, the performance is relatively bad. These poor performance can still be distinguished, and the most hateful is financial fraud, such as: Jinzhou Port, which has been bought before, directly falsified for 4 years, and was ST. It is estimated that there will be a continuous one-word drop limit, and now I am afraid to think about it, but if you dare to hold this kind of poor performance stocks for a long time, it is inevitable to suffer losses.
In the absence of a compensation system, you may lose money in the short term, at least the probability of a thunderstorm is smaller, after all, you hold it for a short time. In the future, when choosing stocks, there are still certain requirements for performance, but all the individual stocks that are asked will not participate, but those whose performance is very bad should be cautious. Although a lot of A shares have been found, but there are still many hidden, no wonder foreign capital does not dare to buy A shares, on this kind of ecological environment, shareholders are listed only to make money, do not want to run a good company, encounter difficulties in the situation, find a way to cash out, sell the company, and expect A shares to be good, a bit of a dream.