Core Viewpoint - *ST Hengli is facing delisting due to negative net profit and insufficient revenue, with its stock entering a delisting preparation period starting June 25, 2025 [1][2] Group 1: Company Announcements - *ST Hengli received a notice of administrative penalty and will enter a delisting preparation period due to a negative audited net profit for 2023 and revenue below 100 million yuan [1] - The company has been warned of delisting risk since May 6, 2024, and has failed to disclose a majority of its board's assurance of the 2024 annual report by the legal deadline [1] - The stock will be delisted after a 15-day preparation period, with the delisting effective on the next trading day after the period ends [1] Group 2: Financial Performance - The company has experienced a significant decline in revenue and profitability since 2018, with 2023 revenue reported at only 79.54 million yuan, leading to a delisting risk warning [2] - For the first three quarters of 2024, *ST Hengli's revenue was merely 70.06 million yuan, indicating ongoing financial struggles [2] - Following an asset acquisition, the company reported a surge in revenue exceeding 200 million yuan in Q4 2024, but projected a loss of 33 to 43 million yuan for the year [3] Group 3: Industry Context - The company has attempted to pivot into the lithium battery sector, partnering with Ganfeng Lithium for comprehensive cooperation in the new energy industry chain [2] - The lithium battery industry is experiencing increased competition and overcapacity, leading to many cross-industry entrants facing challenges and withdrawing from the market [3] - A significant number of cross-industry lithium battery ventures have failed since 2023, highlighting the importance of focusing on core business and niche markets for survival [3]

Core Viewpoint - The article discusses the challenges faced by *ST Hengli, including its impending delisting due to negative net profit and declining revenues, as well as the broader issues in the lithium battery industry where many companies are struggling to adapt and survive amidst increasing competition and market saturation [2][4][7]. Company Overview - *ST Hengli, listed on the Shenzhen Stock Exchange since 1996, primarily engages in automotive parts manufacturing and the processing of new energy battery materials [3]. - The company has faced multiple delisting threats throughout its history, being labeled as "ST" (special treatment) several times due to financial difficulties [3]. - In 2023, *ST Hengli reported a significant loss with revenues dropping to 79.54 million yuan, leading to a delisting risk warning [4]. Recent Developments - On June 18, 2024, *ST Hengli received a notice of administrative penalty and was informed of its stock entering a delisting preparation period due to failing to meet financial reporting requirements [2]. - The company attempted to mitigate its financial struggles by acquiring New Energy Co., Ltd. for 15 million yuan, aiming to enhance its revenue through this asset purchase [5]. Industry Context - The lithium battery industry is experiencing an adjustment period characterized by intensified competition and overcapacity, leading many cross-industry entrants to halt or terminate their investment projects [7]. - Since 2023, over 100 cross-industry lithium battery cases have been recorded, with many companies exiting the market, highlighting the difficulties of adapting to the industry's dynamics [8]. - The article emphasizes that companies should focus on their core business and adopt differentiated competition strategies to survive the cyclical adjustments in the industry [8].

Group 1 - Chengjian Development received a dividend of 7.1282 million yuan from Beijing Jingcheng Jiaye Property Co., Ltd., in which it holds a 33.47% stake [1] - Shengnuo Bio expects a net profit attributable to shareholders of 77.0275 million to 94.1448 million yuan for the first half of 2025, representing a year-on-year increase of 253.54% to 332.10% [1] - JKN2301 dry mixed suspension has been approved for clinical trials, targeting children with influenza [5][6] Group 2 - Jindawei obtained a patent for a method of purifying natto kinase, with a validity of twenty years [2] - CITIC Guoan plans to increase its stake in China Broadcasting Hunan Company to approximately 5.29% through a capital increase of 278 million yuan [2] - Ji Electric announced the resignation of its general manager, Niu Guojun, due to work changes [3] Group 3 - Xintian Green Energy successfully issued 1.5 billion yuan in green medium-term notes with a term of 3+N years and an interest rate of 2.05% [7] - Hengrun Co. plans to invest 1.2 billion yuan in a project to produce 2,000 sets of wind turbine gearbox components [9] - Pulaide received a government subsidy of 10 million yuan, accounting for 15.87% of its audited net profit for the last fiscal year [10] Group 4 - Boteng Co. passed the EU QP audit, receiving a compliance statement for its CDMO services [12] - Zhou Dasheng added 7 self-operated stores in May, with total investments ranging from 900,000 to 6.5 million yuan [13] - Wantai Bio initiated a Phase III clinical trial for its live attenuated varicella vaccine [15] Group 5 - Shanghai Pharmaceuticals received a drug registration certificate for Pregabalin capsules in Thailand [19] - Sanxing Medical's subsidiary is expected to win contracts worth approximately 143 million yuan from State Grid projects [21] - Jiangsu Huachen plans to issue 460 million yuan in convertible bonds [24] Group 6 - Jian Gong Repair won a soil pollution remediation project worth 32.76 million yuan [25] - Dize Pharmaceutical completed patient enrollment for a global Phase III clinical trial of its drug [26] - Del Co. received acceptance for its application to issue shares for asset acquisition and raise matching funds [27] Group 7 - Beijing Kerui won multiple power grid projects with a total value of approximately 154 million yuan [27] - Xie Chuang Data signed financing lease contracts totaling 498 million yuan with Su Yin Financial Leasing [28] - Meige Intelligent submitted an application for H-share listing on the Hong Kong Stock Exchange [29][31] Group 8 - Aikodi plans to repurchase shares worth 100 million to 200 million yuan for employee stock ownership plans [54] - Kong Kong Industrial intends to sell 80% of Tianyuan Construction to its controlling shareholder [55] - Youyou Green Energy proposed a cash dividend of 12 yuan per 10 shares, totaling 50.4 million yuan [55]

Core Viewpoint - *ST Hengli's delisting process has been finalized due to its failure to disclose the 2024 annual report within the statutory deadline, leading to a termination of listing decision by the Shenzhen Stock Exchange [1][4]. Group 1: Company Background - *ST Hengli was listed on the Shenzhen Stock Exchange in 1996 and has undergone various business transformations, including air conditioning equipment and new energy batteries, but has faced significant decline in its main business since 2018 [4]. - The company shifted towards processing and trading, experiencing continuous pressure on profitability, with revenue dropping from 346 million yuan in 2021 to 111 million yuan in 2023, and further declining to approximately 70.06 million yuan in the first three quarters of 2024 [4]. Group 2: Financial Performance and Audit Issues - To avoid delisting, *ST Hengli attempted to acquire Xinyu Lithium Thought New Energy Co., and projected a revenue increase of over 200 million yuan in the fourth quarter, with an estimated 2024 revenue of 300 to 350 million yuan, but still anticipated a net loss of 33 to 43 million yuan [4][5]. - The company initially blamed its auditing firm, Xutai Accounting Firm, for the late delivery of the audit report, claiming it hindered internal review processes, and even filed a lawsuit against the firm for 38.27 million yuan [4][5]. - However, the administrative penalty notice revealed that the auditing firm had raised revenue adjustment issues as early as April 15, and provided a draft report indicating a revenue of 196 million yuan on April 19, which would have triggered delisting criteria if disclosed [4][5]. Group 3: Regulatory Actions and Consequences - *ST Hengli did not cooperate with the audit process, failing to provide necessary financial statements and supporting documents, which led to the issuance of an audit report based on incomplete information [5]. - The company faced an administrative penalty, including a fine of 3.5 million yuan and warnings to responsible individuals with fines ranging from 1 to 1.8 million yuan [5]. - The company is currently under investigation by the China Securities Regulatory Commission for suspected false disclosures in its financial data, which could lead to more severe legal consequences if financial fraud is confirmed [6].

Group 1 - The core issue is that Hengli Industrial Development Group Co., Ltd. is facing administrative penalties for failing to disclose its 2024 annual report on time, which has led to a warning of potential delisting from the Shenzhen Stock Exchange [2][4][7] - The company reported an adjusted revenue of 196 million yuan for 2024, which is below the 300 million yuan threshold required to avoid delisting [3][4] - The company has been under investigation by the China Securities Regulatory Commission (CSRC) for this failure, and a notice of administrative penalty has been issued [2][7] Group 2 - The CSRC has proposed a fine of 3.5 million yuan for the company and additional fines for key executives, including 1.8 million yuan for the chairman and 1.6 million yuan for the president and CFO [7][8] - The company’s chairman, Stone Shengping, failed to ensure the timely preparation of financial reports, which contributed to the non-disclosure of the annual report [4][5][7] - Other executives and independent directors also failed to fulfill their responsibilities in overseeing the financial reporting process, leading to the company's current predicament [5][6][7]

证券简称：*ST 恒立 证券代码：000622 公告编号：2025-52 恒立实业发展集团股份有限公司 关于收到股票终止上市决定的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示 1、终止上市的证券种类：人民币普通股；证券简称：*ST 恒立；证券代码： 000622。终止上市日期：2025 年 7 月 16 日。 2、公司股票于 2025 年 6 月 25 日复牌并进入退市整理期，退市整理期的交易 期限为十五个交易日，预计最后交易日期为 2025 年 7 月 15 日。 3、退市整理期间股票在风险警示板交易。退市整理期首个交易日，公司股票 价格无涨跌幅限制，此后每日涨跌幅限制为 10%。 4、请投资者、证券公司等市场主体在股票摘牌前及时了结股票质押式回购、 约定购回、融资融券、转融通、深股通等业务。 5、对于将在股票摘牌后至完成全国中小企业股份转让系统有限责任公司依托 原证券公司代办股份转让系统设立并代为管理的两网公司及退市公司板块（以下 简称"退市板块"）初始登记期间到期的司法冻结业务，建议有权机关在股票摘 牌前通过原协助执行渠道提前办理续冻手 ...

证券简称：*ST 恒立 证券代码：000622 公告编号：2025-53 恒立实业发展集团股份有限公司 关于公司股票进入退市整理期交易的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示 1、恒立实业发展集团股份有限公司（以下简称"公司"）股票进入退市整理 期的起始日为 2025 年 6 月 25 日，退市整理期为十五个交易日，预计最后交易日 期为 2025 年 7 月 15 日。公司股票于退市整理期届满的次一交易日摘牌，公司股 票终止上市。 2、退市整理期交易期间，公司将不筹划或实施重大资产重组事项。 3、请投资者、证券公司等市场主体在股票摘牌前及时了结股票质押式回购、 约定购回、融资融券、转融通、深股通等业务。 4、对于将在股票摘牌后至完成全国中小企业股份转让系统有限责任公司依托 原证券公司代办股份转让系统设立并代为管理的两网公司及退市公司板块（以下 简称"退市板块"）初始登记期间到期的司法冻结业务，建议有权机关在股票摘 牌前通过原协助执行渠道提前办理续冻手续。 公司于 2025 年 6 月 17 日收到深圳证券交易所（以下简称"深交所"）送达 ...

证券简称：*ST 恒立 证券代码：000622 公告编号：2025-54 恒立实业发展集团股份有限公司 关于收到行政处罚事先告知书的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、基本情况 恒立实业发展集团股份有限公司（以下简称"公司"）于 2025 年 5 月 7 日在 公司指定信息披露媒体上披露了《关于公司收到立案告知书的公告》（公告编号： 2025-43）。因公司未按规定期限披露定期报告，根据《中华人民共和国证券法》 《中华人民共和国行政处罚法》等法律法规，中国证券监督管理委员会决定对公 司立案。 公司于 2025 年 6 月 17 日收到中国证券监督管理委员会湖南监管局下发的《行 政处罚事先告知书》[2025]4 号（以下简称"事先告知书"）。 二、事先告知书的主要内容 "恒立实业发展集团股份有限公司、石圣平先生、龚俊宇女士、吕友帮先生、 张凡女士、伍喆先生、崔爱媛女士、刘亚辉先生： 恒立实业发展集团股份有限公司(以下简称"恒立实业"或"公司")涉嫌未 按期披露 2024 年年度报告行为已由我局调查完毕，依法拟对你们作出行政处罚， 现将拟作出 ...

Core Viewpoint - The company *ST Hengli (000622.SZ)* has received a decision from the Shenzhen Stock Exchange to terminate its stock listing, effective June 25, 2025, with the last trading date expected to be July 15, 2025 [1] Summary by Relevant Sections - **Termination of Listing** The Shenzhen Stock Exchange has decided to terminate the listing of *ST Hengli*'s shares, with the formal decision communicated on June 17, 2025 [1] - **Delisting Process** Following the termination, the company's stock will enter a delisting arrangement period starting June 25, 2025, during which it will trade on the risk warning board of the Shenzhen Stock Exchange. The first trading day will have no price fluctuation limits, while subsequent days will have a 10% daily price fluctuation limit [1] - **Post-Delisting Management** After the delisting period ends, the company's shares will be transferred to the National Equities Exchange and Quotations (NEEQ) for management in the delisted segment [1]

Summary of Key Points Group 1: Market Activity - The report highlights the listing of Huazhi Jie (603400) on June 10, 2025, with online subscription available on the same day [1] - Several ETFs, including Guolian Zhongzheng A50 ETF (159390), Invesco S&P Consumer Select ETF (159529), and Guotai S&P 500 ETF (159612), announced temporary suspensions for investor protection on June 10, 2025 [1] - The report notes the suspension of various bonds and securities, including *ST Zhongdi (000609) and *ST Gongzhi (000584), due to risk warnings and potential delisting [2][3] Group 2: Special Suspensions - The report details multiple companies facing special suspensions, such as *ST Hengli (000622) and Tianmao Group (000627), due to failure to disclose periodic reports within the legal timeframe [2] - Other companies, including *ST Jinbi (002762) and Honghe Technology (002955), are suspended due to control change planning [2] - A list of various bonds and securities that have been suspended since 2018 is provided, indicating ongoing market volatility and regulatory scrutiny [3][4] Group 3: Ongoing Monitoring - The report emphasizes the importance of monitoring the status of suspended securities, as many have been inactive for extended periods, indicating potential long-term issues within those companies [5][6] - The report suggests that investors should remain vigilant regarding the performance and announcements related to these suspended entities, as they may present future investment opportunities or risks [7][8]