Group 1 - The average stock price of A-shares is 11.51 yuan, with 60 stocks priced below 2 yuan, the lowest being *ST Jiyao at 0.21 yuan [1] - Among the low-priced stocks, 24 are ST stocks, accounting for 40% of the total [1] - The Shanghai Composite Index closed at 3367.46 points on May 16 [1] Group 2 - Among the low-priced stocks, 10 stocks increased in price, with *ST Jinguang, Puli Tui, and *ST Jinke leading with increases of 4.76%, 2.27%, and 1.97% respectively [1] - 33 stocks decreased in price, with ST Lingnan, *ST Xingguang, and *ST Baoying showing the largest declines of 5.23%, 4.88%, and 3.14% respectively [1] - The stock price distribution indicates that both high-priced and low-priced stocks constitute a relatively small proportion of the A-share market [1]

Group 1 - The core viewpoint of the articles highlights the trend of well-known listed companies facing delisting from the A-share market due to financial difficulties and inability to adapt to market changes [1][2][4] - Renrenle, a regional supermarket chain leader, received a notice of termination of listing due to a negative net asset of -404 million yuan and an audit report that could not express an opinion, leading to a proposed delisting by the Shenzhen Stock Exchange [1] - Renrenle's revenue has significantly declined from over 10 billion yuan in previous years to 1.43 billion yuan in 2024, marking a nearly 90% decrease from its peak [1][3] Group 2 - Peng Bo Shi, another A-share listed company, also received a notice of proposed termination of listing, having seen its market value shrink from over 60 billion yuan to approximately 1 billion yuan, a reduction of over 98% [2][3] - The decline of these companies reflects broader trends in the market where failure to adapt to economic changes and consumer preferences can lead to severe operational challenges and potential extinction [3][4] - Companies must continuously strengthen their core competitiveness and adapt their business models to meet evolving consumer demands and market conditions to avoid being eliminated from the capital market [4]

Group 1 - Longjiang Transportation plans to reduce its shareholding by no more than 3% of the company's total shares, amounting to 39.4764 million shares, from June 4, 2025, to September 3, 2025 [1] - Shuangyi Technology intends to acquire 100% equity of Marky Industries Pty Ltd and specific assets for approximately AUD 18 million [1] - Haikong Air Conditioning's controlling shareholder has received a bank loan commitment of up to CNY 32 million for share repurchase [2] Group 2 - Zhaowei Electromechanical's shareholder plans to reduce its stake by no more than 1.50%, equating to 3.6031 million shares, from June 5, 2025, to September 4, 2025 [2] - Zhongwen Online's directors and senior management plan to collectively reduce their holdings by no more than 877,100 shares, representing 0.1203% of the total shares [2] - Liding Optoelectronics' shareholders plan to reduce their holdings by no more than 3%, totaling 12.2113 million shares, from June 5, 2025, to September 4, 2025 [4] Group 3 - Luvi Optoelectronics' shareholder plans to reduce its stake by no more than 1%, amounting to 1.9333 million shares, from June 4, 2025, to September 4, 2025 [5] - Jiejia Weichuang's controlling shareholder and concerted parties plan to reduce their holdings by no more than 0.72%, totaling 250,000 shares [7] - Yancoal Energy will no longer acquire control of Highfield Resources due to a new investment from Qinghai Salt Lake Industry Co., Ltd. [9] Group 4 - Yongdong Co., Ltd. plans to reduce its shareholding by no more than 1.26%, equating to 473,380 shares, from June 5, 2025, to September 4, 2025 [11] - Sanqi Interactive Entertainment plans to distribute a cash dividend of CNY 2.10 per 10 shares [12] - Salt Lake Co., Ltd. intends to acquire Highfield Resources for approximately USD 300 million to become its largest shareholder [13] Group 5 - Hainan Haiyao's shareholder plans to reduce its stake by no more than 3%, totaling 38.921 million shares, within 90 days after the announcement [14] - Lifang Pharmaceutical plans to transfer 2.2184% equity of Nanjing Mainowei Pharmaceutical Technology Co., Ltd. for CNY 22.1837 million [16] - Zhiyou Technology's shareholders plan to reduce their holdings by no more than 2.99%, totaling 11.9986 million shares, from June 4, 2025, to September 3, 2025 [18] Group 6 - Puli Tui has applied for a review of the Shenzhen Stock Exchange's decision to terminate its listing [19] - Saimo Intelligent's shareholder plans to reduce its stake by no more than 3%, equating to 16.0659 million shares, from June 4, 2025, to September 3, 2025 [20] - Entropy Technology is planning to acquire 55% equity of Longzhiyuan to gain control [21] Group 7 - Nanjing Chemical Fiber plans to acquire 100% of Nanjing Process Equipment Manufacturing Co., Ltd. through asset swaps and cash payments [22] - Beijing Lier intends to invest CNY 200 million in Shanghai Zhenliang Intelligent Technology Co., Ltd. [23]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 鹏博士电信传媒集团股份有限公司（以下简称"公司"）董事会近日收到 公司总经理高明华先生的辞职报告，高明华先生申请辞去公司总经理职务。该 辞职报告自送达董事会之日起立即生效。高明华先生辞职后，将不再在公司担 任其他职务。截至本公告披露日，高明华先生未持有公司股份，亦不存在应当 履行而未履行的承诺事项。 | 证券代码：600804 | 证券简称：*ST | 鹏博 | 公告编号：临 | 2025-057 | | --- | --- | --- | --- | --- | | 债券代码：143606 | 债券简称：18 | 鹏博债 | | | 鹏博士电信传媒集团股份有限公司 关于公司高级管理人员辞职的公告 高明华先生在公司任职期间勤勉尽责，规范履职，公司董事会对高明华先 生在担任总经理期间，对公司发展所做出的贡献表示衷心感谢。 特此公告。 鹏博士电信传媒集团股份有限公司 董事会 2025 年 5 月 13 日 ...

Group 1 - Since May, several companies including *ST Zhongcheng, *ST Renle, *ST Hengli, and *ST Gongzhi have announced receipt of termination of listing advance notice, indicating a trend of companies leaving the capital market [1][3] - As of May 12, 2025, a total of 10 companies have received termination of listing advance notices from the Shanghai and Shenzhen Stock Exchanges, with additional companies like *ST Puli and *ST Xulan also facing similar fates [1][3] - The new delisting regulations have been implemented, leading to the first annual report season under these rules, resulting in multiple companies being warned of delisting risks and several directly delisted [5] Group 2 - *ST Renle reported a net asset of -387 million yuan for 2023 and -404 million yuan for 2024, triggering termination of listing due to financial report issues [3] - *ST Hengli's 2023 net profit was negative, and its revenue was below 100 million yuan, leading to a delisting risk warning [3][4] - *ST Zhongcheng's 2023 net asset was also negative, and its 2024 financial report received a qualified opinion, resulting in a proposed termination of listing [3][4] Group 3 - A total of 9 companies have completed delisting in 2025, with reasons ranging from continuous low stock prices to major violations [6][7] - The companies that have delisted include *ST Meixun, Haitong Securities, and *ST Boxin, among others, with various reasons for their delisting [7][8] - The trend indicates a significant number of companies facing financial difficulties and regulatory challenges, leading to increased scrutiny and potential delisting [10] Group 4 - The Beijing Stock Exchange may see its first delisted company, with Guandao Digital and Yun Chuang Data facing delisting risks due to audit issues [9][10] - Both companies have received audit opinions that could lead to termination of listing if they continue to meet financial delisting criteria in 2025 [10] - A total of 96 companies in the A-share market have been warned of delisting risks due to various financial issues, indicating a broader trend of financial instability among listed companies [10]

Summary of Key Points Core Viewpoint - The A-share market shows a significant number of low-priced stocks, with 63 stocks priced below 2 yuan, indicating a potential area for investment analysis and opportunities in the market [1]. Group 1: Market Overview - As of May 6, the Shanghai Composite Index closed at 3316.11 points, with an average A-share price of 11.34 yuan [1]. - The distribution of high-priced and low-priced stocks is relatively small in the overall A-share market [1]. Group 2: Low-Priced Stocks - Among the 63 stocks priced below 2 yuan, the lowest is *ST Jiayao at 0.21 yuan, followed by *ST Pengbo at 0.62 yuan and Puli Tui at 0.69 yuan [1]. - 41.27% of the low-priced stocks are ST stocks, indicating a significant presence of companies under special treatment [1]. Group 3: Performance of Low-Priced Stocks - Out of the low-priced stocks, 49 stocks experienced an increase in price, with Guangtian Group leading at a rise of 9.94%, followed by Shanzi Gaoke at 6.18% and Baogang Co. at 5.78% [1]. - Conversely, 6 stocks saw a decline, with *ST Sihuan dropping by 5.24%, *ST Jinguang by 4.81%, and *ST Xingguang by 4.79% [1].

Summary of Key Points Core Insights - The report highlights various companies undergoing temporary suspensions of trading due to different reasons, including financial disclosures and potential delisting risks. This indicates a volatile market environment where investor confidence may be affected by such events [2][3][4]. Company Specifics - ST Jiuzhi (000989) announced a temporary suspension of trading on May 6, 2025, due to the cancellation of other risk warnings [2]. - In the case of ST Gongzhi (000584), trading was suspended due to a risk warning regarding potential delisting, effective from April 28, 2025 [2]. - ST Hengli (000622) and Tianmao Group (000627) also faced trading suspensions due to their inability to disclose periodic reports within the legal timeframe, effective from May 6, 2025 [2]. - Binhai Energy (000695) is undergoing a trading suspension as it plans to issue shares for asset acquisition and raise matching funds, effective from April 30, 2025 [2]. - Electric Power Investment Energy (002128) is also suspended for similar reasons related to asset acquisition and related party transactions, effective from May 6, 2025 [2]. Industry Context - The report reflects a broader trend in the market where companies are facing increased scrutiny and regulatory challenges, leading to trading suspensions. This could signal potential investment risks in the affected sectors [2][3][4].

Core Viewpoint - *ST Pengbo (Peng Doctor Telecom Media Group Co., Ltd.) faces potential delisting risks due to consecutive years of receiving "unable to express opinion" audit reports, with its stock possibly suspended from trading starting April 30, 2025 [1][2] Financial Performance - The company reported a net profit attributable to shareholders of approximately -88.47 million yuan for 2024, with total revenue around 187.67 million yuan [5] - *ST Pengbo has experienced a continuous decline in revenue for seven consecutive years from 2017 to 2023, with net profits of -1.17 billion yuan in 2021, -454 million yuan in 2022, and -93 million yuan in 2023 [5] - The company’s financial situation has deteriorated significantly, with a total loss exceeding 5 billion yuan in 2019 due to massive goodwill and fixed asset impairments [4] Operational Challenges - The company has been struggling with liquidity issues since 2019, exacerbated by price wars in the broadband industry and regulatory fee reductions [4] - *ST Pengbo has been involved in numerous lawsuits and arbitration cases, with some bank accounts frozen, indicating severe operational and financial risks [6] Regulatory Issues - The company is under investigation by the China Securities Regulatory Commission (CSRC) for alleged violations of information disclosure, including failure to disclose related party transactions and significant contracts [6][7] - The CSRC has imposed a fine of 10 million yuan on *ST Pengbo and a 15 million yuan fine on its actual controller, Yang Xueping, due to serious violations [6][7] Market Position - Once recognized as the "fourth largest operator" in China, *ST Pengbo has seen its market position decline significantly after divesting key assets like Changcheng Broadband [2][4] - The company primarily operates in data centers, cloud computing, and internet access services, but its transition efforts have not yielded expected results [2][5]

Group 1 - *ST Haiyue (600387.SH) will be suspended from trading starting April 30, 2025, due to touching the delisting conditions for the 2024 annual report, with the Shanghai Stock Exchange to review the decision on delisting [1] - *ST Jiayu (300117.SZ) has been decided to be delisted by the Shenzhen Stock Exchange, with the delisting effective on April 30, 2025, and will not enter the delisting arrangement period [1] - *ST Jiu You (600462.SH) will be suspended from trading starting April 30, 2025, as both the 2024 financial accounting report and internal control report received an audit opinion of inability to express [1] - *ST Longyu (603003.SH) will also be suspended from trading on April 30, 2025, due to the 2024 financial statements and internal control audit report receiving a denial opinion and an inability to express opinion respectively [1] - *ST Pengbo (600804.SH) will be suspended from trading starting April 30, 2025, as the 2024 financial accounting report and internal control report received an audit opinion of inability to express [1] Group 2 - *ST Renle (002336.SZ) has a negative net asset value at the end of the 2024 audited period, with the financial accounting report receiving an inability to express opinion and the internal control report receiving a denial opinion, leading to potential delisting from the Shenzhen Stock Exchange and suspension starting April 30, 2025 [2] - *ST Xulan (000040.SZ) will be delisted by the Shenzhen Stock Exchange due to the stock closing price being below 1 yuan for twenty consecutive trading days, with the delisting effective on April 30, 2025, and will not enter the delisting arrangement period [2]

特此说明。 鹏博士电信传媒集团股份有限公司 监事会 2025 年 4 月 28 日 鹏博士电信传媒集团股份有限公司（以下简称"公司"）聘请中瑞诚会计师 事务所（特殊普通合伙）（以下简称"中瑞诚"）为公司 2024 年度财务报告内部 控制审计机构，中瑞诚出具了无法表示意见的内部控制审计报告。根据有关规 定的要求，公司董事会对该审计意见涉及事项进行了专项说明。 根据《上海证券交易所股票上市规则》《公开发行证券的公司信息披露编报 规则第 14 号-非标准无保留审计意见及其涉及事项的处理》及《公开发行证券 的公司信息披露内容与格式准则第 2 号-年度报告的内容与格式》等相关规定的 要求，监事会对《董事会关于会计师出具无法表示意见的内部控制审计报告的 专项说明》进行了审核，并提出如下书面审核意见： 我们同意董事会关于会计师出具无法表示意见的内部控制审计报告的专项 说明中对导致无法表示意见事项的情况描述和具体整改计划，同时特别强调改 善内部控制重要缺陷的最关键因素是加强公司内部控制执行的有效性、需要公 司董事会和管理团队将在进一步对现有的内控制度和流程进行全面梳理和整改 基础上将内控制度体系相关要求真正落实到位，对违反内 ...