*ST中程: 关于公司股票可能被终止上市的第五次风险提示公告

Core Viewpoint - The company, Qingdao Zhongzi Zhongcheng Group Co., Ltd., is facing potential delisting risks due to negative financial indicators and ongoing investigations by the China Securities Regulatory Commission (CSRC) [1][2][8]. Financial Status - As of the end of 2023, the company's audited equity attributable to shareholders was -365.21 million yuan [1]. - The company has reported negative net profits for the last three accounting years, with the lowest value being negative [3][4]. - The company’s revenue for the first three quarters of 2024 was approximately 90.28 million yuan, with projected losses for the full year estimated between 198.40 million yuan to 180.00 million yuan [5][7]. Audit Opinions - The auditing firm, Hexin Certified Public Accountants, issued a report with a significant uncertainty paragraph regarding the company's ability to continue as a going concern [6]. - The audit report highlighted that the company could not provide sufficient evidence regarding the recoverability of contract assets related to a photovoltaic project in the Philippines, amounting to 522 million yuan [6]. Regulatory Actions - The CSRC has initiated an investigation into the company for suspected violations of information disclosure laws, with no conclusive opinions or decisions received as of the announcement date [2][8]. - If the company receives administrative penalties from the CSRC that involve significant disclosure violations, it may face delisting risks [2][8]. Risk Warnings - This announcement marks the fifth risk warning regarding potential delisting, as the company is required to disclose such risks periodically following the initial warning [4][9]. - The company has not yet disclosed whether the issues leading to the audit's qualified opinion have been resolved, which adds to the uncertainty surrounding its financial health [5][6].