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]

【环球网财经综合报道】日前，有6家*ST公司发布公告称，收到《终止上市事先告知书》，其中5家触及财务类强制退市指标，1家触及交易类强制退市指 标。 具体来看，*ST中程5月7日公告称，公司收到深交所下发的《终止上市事先告知书》，拟被终止股票上市交易。此前，*ST中程因2023年度经审计的期末净 资产为负值，股票交易已被实施退市风险警示。2024年年度报告显示，公司财务会计报告被出具保留意见的审计报告，财务报告内部控制被出具否定意见的 审计报告，触及深交所《股票上市规则（2025年修订）》相关股票终止上市情形。 *ST人乐于5月6日公告称，公司收到《终止上市事先告知书》，深交所拟决定终止其股票上市交易。因2023年度经审计的净资产为负值，公司股票已被实施 退市风险警示。2024年度，公司经审计的期末净资产为-4.04亿元，财务会计报告被出具无法表示意见的审计报告，财务报告内部控制被出具否定意见的审 计报告，触及深交所相关股票终止上市情形。 *ST工智也因2024年度财务会计报告被出具无法表示意见的审计报告，财务报告内部控制被出具否定意见的审计报告，收到《终止上市事先告知书》。公司 5月9日晚公告称，已在规定期限 ...

Core Viewpoint - Multiple *ST companies are facing delisting risks as they have received pre-delisting notices from the exchange due to various financial and trading indicators [2][5][6] Group 1: Financial Indicators and Delisting Notices - As of May 11, six *ST companies have received pre-delisting notices, with five touching financial delisting indicators and one touching trading delisting indicators [2] - The new delisting regulations have introduced stricter conditions for *ST companies to remove delisting risk warnings, requiring internal control audit reports to be unqualified; otherwise, delisting will occur [2][3] - *ST Zhongcheng, *ST Renle, and *ST Gongzhi received negative internal control audit opinions for their 2024 financial reports, indicating significant financial distress [3][5] Group 2: Specific Company Cases - *ST Zhongcheng announced on May 7 that it received a pre-delisting notice due to a negative net asset value for 2023 and a negative internal control audit opinion for 2024 [3][4] - *ST Renle received a pre-delisting notice on May 6, with a reported net asset of -387 million yuan for 2023 and -404 million yuan for 2024, along with negative audit opinions [5] - *ST Gongzhi also received a pre-delisting notice due to negative audit opinions for its financial reports [5] Group 3: Additional Delisting Factors - *ST Longjin is set to exit the A-share market due to negative profit and revenue figures, having received a pre-delisting notice on April 25 [6] - *ST Hengli faced delisting risks for failing to disclose its 2024 annual report on time, with a reported negative net profit and revenue below 100 million yuan [7] - *ST Jiyuan triggered the delisting indicator by having its stock price below 1 yuan for 20 consecutive trading days, leading to a pre-delisting notice [9]

Core Viewpoint - *ST Hengli is facing significant challenges, including regulatory scrutiny and executive resignations, which may lead to potential delisting from the Shenzhen Stock Exchange due to failure to meet reporting requirements [1][2][3]. Group 1: Regulatory Actions - On May 6, 2025, *ST Hengli received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation due to the company's failure to disclose periodic reports within the stipulated timeframe [1]. - The CSRC has decided to initiate a case against *ST Hengli based on violations of the Securities Law and the Administrative Penalty Law of the People's Republic of China [1]. - The company has committed to cooperating with the CSRC's investigation and adhering to information disclosure obligations during the investigation period [1]. Group 2: Executive Changes - On the evening of May 7, 2025, *ST Hengli announced that several board members and executives submitted their resignation letters, citing personal reasons for their departure [2][3]. - Notable resignations include Liu Yahui, who stepped down from the board and various committee positions, and Zhang Donghua, who resigned as Vice President [3]. Group 3: Listing Status - *ST Hengli received a "Notice of Termination of Listing" from the Shenzhen Stock Exchange on May 7, 2025, due to the company's failure to disclose a majority of board members' guarantees of the annual report's accuracy within the legal timeframe [2]. - The company has been under delisting risk warning since May 6, 2024, following a negative audited net profit for the fiscal year 2023 and revenue below 100 million yuan [2]. - As of April 30, 2025, *ST Hengli had not disclosed the 2024 annual report or the Q1 2025 report, triggering the delisting rules [2]. Group 4: Investor Compensation - A legal team has opened a channel for affected investors to seek compensation, particularly those who purchased shares on or after May 6, 2025, and sold or still hold the stock thereafter [4]. - The compensation process is being organized, and investors can consult the legal team regarding eligibility and procedures for claims [4].

证券简称：*ST 恒立 证券代码：000622 公告编号：2025-46 恒立实业发展集团股份有限公司 公司诉深圳旭泰会计师事务所（普通合伙）（以下简称"旭泰会所"）、谭旭 明、尹擎、凌辉、王平平侵权责任纠纷一案的起诉状岳阳楼区法院已收到并决定 受理。 二、本案基本情况 原告：恒立实业发展集团股份有限公司 法定代表人：石圣平 住址：湖南省岳阳经济技术开发区枣子山路 116 号恒立实业办公楼 6 楼 被告一：深圳旭泰会计师事务所（普通合伙） 关于收到湖南省岳阳市岳阳楼区人民法院 《受理案件通知书》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。 恒立实业发展集团股份有限公司(以下简称"恒立实业"、"公司")于 2025 年 5 月 8 日收到湖南省岳阳市岳阳楼区人民法院(以下简称"岳阳楼区法院") 《受理案件通知书》（2025）湘 0602 民初 6461 号。现将有关事项公告如下： 一、《受理案件通知书》的主要内容 被告二：谭旭明，项目签字注册会计师 被告三：尹擎，项目签字注册会计师 被告四：凌辉，风险管理审核经理 被告五：王平平，现场负责人 金额中目前 ...

Core Viewpoint - The implementation of strict delisting regulations in the A-share market aims to eliminate "zombie" companies and improve the overall quality of listed firms, leading to a healthier market environment [1][2]. Group 1: Delisting Regulations - Companies such as *ST Zhongcheng, *ST Renle, and *ST Hengli have received advance notice of delisting, indicating a significant increase in the number of delisted stocks [1]. - The new delisting rules feature stringent standards and efficient execution, targeting financial, trading, regulatory, and major violation indicators to ensure non-compliant companies exit the market [1][2]. - The zero-tolerance regulatory approach is expected to accelerate the removal of low-quality firms, thereby freeing up market space for high-quality companies [1]. Group 2: Market Quality Improvement - The increase in delisted stocks reflects a faster market metabolism and optimized resource allocation, which will enhance the overall quality of listed companies in the A-share market [2]. - Investors will benefit from a cleaner and more transparent investment environment, allowing them to focus on identifying high-potential companies, thus reducing investment risks and improving returns [2]. - The strict delisting system serves as a protective measure for investors, addressing the previous prevalence of speculative trading in low-quality stocks [2]. Group 3: Investor Protection and Education - The new regulations enhance transparency and fairness in the A-share market by strengthening information disclosure requirements and increasing penalties for violations [2]. - Investors will have better access to accurate information about listed companies, enabling more rational investment decisions [2]. - There is a need for ongoing improvement of the delisting system and investor education to raise awareness of risks and self-protection capabilities [3].

Group 1 - Geely Auto proposed to privatize Zeekr with an offer of $2.57 per share, representing a 13.6% premium over the last trading price [1] - The offer also includes a premium of 20.0% over the volume-weighted average price of the last 30 trading days [1] - Geely currently holds approximately 65.7% of Zeekr's issued share capital [1] Group 2 - Sun Group announced the U.S. Department of Commerce has revoked its investigation into steel wheels made in Vietnam using Chinese components [2] - The revocation is expected to positively impact the company's export orders and future overseas business layout [2] Group 3 - Qingdao Beer plans to acquire 100% equity of Jimo Yellow Wine for a total consideration of RMB 665 million [3] - The acquisition aims to enhance industry synergy, competitiveness, and expand product lines and market channels [3] Group 4 - BeiGene reported a net loss of 94.503 million yuan in Q1 2025, a reduction in loss compared to the previous year [4] - The company achieved total revenue of 8.048 billion yuan, a year-on-year increase of 50.2%, driven by sales growth of its self-developed products [4] Group 5 - Daqin Railway reported a 0.99% year-on-year increase in cargo transportation volume for April [5] - Shaanxi Coal's self-produced coal sales reached 13.1033 million tons in April, up 0.76% year-on-year [5] Group 6 - Shennong Group sold 227,300 pigs in April, marking a 32.85% year-on-year increase [6] - Poly Developments reported a 25.44% year-on-year decrease in contracted sales amounting to 24.622 billion yuan in April [6] Group 7 - Hainan Development plans to acquire 51% equity of Wangying Technology [7] - Huafeng Measurement Control's shareholders plan to transfer 2.9% of shares at an initial price of 121.42 yuan per share [7] Group 8 - Various companies reported significant stock price fluctuations, with Changshan Pharmaceutical's injection not yet on the market and facing regulatory uncertainties [8] - The company is in the professional review stage for its diabetes treatment application [8]

证券简称：*ST 恒立 证券代码：000622 公告编号：2025-45 根据《公司法》《公司章程》等有关规定，张东华先生的辞职申请自送达公 司董事会之日起生效。 恒立实业发展集团股份有限公司 关于部分董事及高管人员辞职的公告 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。 恒立实业发展集团股份有限公司（以下简称"公司"）董事会于近日收到公 司部分董事、高级管理人员的书面辞职报告，具体情况如下： 1．因个人原因，刘亚辉先生申请辞去公司第十届董事会董事、董事会战略与 投资委员会委员、董事会审计委员会委员的职务。辞职后，刘亚辉先生不再担任 公司任何职务。 根据《公司法》《公司章程》等有关规定，刘亚辉先生的辞职不会导致董事 会成员人数低于法定最低人数，不会影响公司董事会的正常运作，其辞职申请自 送达公司董事会之日起生效。 2．因个人原因，张东华先生申请辞去公司副总裁职务。辞职后，张东华先生 不再担任公司任何职务。 截至本公告披露日，刘亚辉先生、张东华先生未持有本公司股票。公司对刘 亚辉先生、张东华先生在任职期间为公司所做的贡献表示衷心感谢。 特此公告 恒立实业发展集 ...

证券简称：*ST 恒立 证券代码：000622 公告编号：2025-44 截至 2025 年 4 月 30 日，你公司未在法定期限内披露过半数董事保证真实、 准确、完整的 2024 年年度报告。根据《关于发布<深圳证券交易所股票上市规则 （2025 年修订）>的通知》第二条、《关于发布<深圳证券交易所股票上市规则 （2024 年修订）>的通知》第三条的规定，你公司触及本所《股票上市规则（2025 年修订）》第 9.3.12 条第七项规定的股票终止上市情形，本所拟决定终止你公司 股票上市交易。 根据本所《股票上市规则（2025 年修订）》《自律监管听证程序细则（2023 年修订）》等相关规定，你公司有权申请听证或者提出书面陈述和申辩。申请听 证的，你公司应当在收到本告知书之日起五个交易日内，以书面形式向本所提出 申请，并载明具体事项及理由。提出陈述和申辩的，你公司应当在收到本告知书 之日起十个交易日内，向本所提交相关书面陈述和申辩。逾期视为放弃听证、陈 述和申辩权利。" 根据《深圳证券交易所股票上市规则》及《关于退市公司进入退市板块挂牌 转让的实施办法》等有关规定，如果深圳证券交易所最终决定公司股票终止上市， ...

证券简称：*ST 恒立 证券代码：000622 公告编号：2025-43 恒立实业发展集团股份有限公司 在立案期间，公司将积极配合中国证券监督管理委员会的调查工作，并严格 按照监管要求履行信息披露义务。 公司董事会郑重提醒广大投资者：公司指定的信息披露媒体为《证券时报》 和巨潮资讯网（www.cninfo.com.cn），公司所有信息均以在上述媒体披露的信息 为准，公司将严格按照有关法律法规的规定和要求履行信息披露义务，及时做好 信息披露工作。请广大投资者理性投资，注意风险。 特此公告 恒立实业发展集团股份有限公司董事会 2025 年 5 月 6 日 关于公司收到立案告知书的公告 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。 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 6 日收 到中国证券监督管理委员会下发的《立案告知书》（证监立案字 0132025005 号），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。 ...