HLSY(SZ:000622) Mei Ri Jing Ji Xin Wen·2025-05-09 03:10Core Viewpoint - The company ST Hengli (000622.SZ) is facing delisting risks due to the failure to disclose its 2024 annual report on time, stemming from disputes with its auditing firm, Shenzhen Xutai Accounting Firm [1][5]. Group 1: Dispute with Auditing Firm - The conflict between Hengli and Xutai began when Hengli appointed Xutai as its auditor for the 2024 annual report due to the original firm being unable to take on more work [2]. - Hengli claims that it fully cooperated with Xutai and paid all fees, but the auditing firm failed to deliver the audit report on time as per the agreed schedule [2]. - The company alleges that Xutai's actions, including inadequate staffing and poor communication, hindered the audit process and violated its legal rights [2][3]. Group 2: Financial Performance and Delisting Risk - In the first three quarters of 2024, Hengli reported revenue of 70.06 million, an increase of 18.31% year-on-year, but incurred a net loss of 16.21 million, significantly widening compared to the previous year [4]. - Due to a negative net profit for the audited 2023 fiscal year and revenue below 100 million, Hengli's stock was placed under delisting risk warning starting May 6, 2024 [5]. - Following the failure to disclose the 2024 annual report, the company received a notice of potential delisting from the Shenzhen Stock Exchange [5].