Core Viewpoint - Jiangsu Harbin Intelligent Robot Co., Ltd. (*ST Gongzhi) is facing potential delisting as it has received a notice from the Shenzhen Stock Exchange due to consecutive years of receiving non-standard audit reports, indicating significant financial and operational issues [1][2]. Financial Reporting Issues - *ST Gongzhi has received non-standard audit reports for three consecutive years since 2022, with the 2024 report indicating a lack of opinion on the financial statements and a negative opinion on internal controls [1][2]. - The company reported a revenue of 1.936 billion yuan for 2024, primarily from high-end equipment manufacturing, but the revenue recognition methods used have raised concerns [3][4]. Audit Findings - The audit firm highlighted issues related to equity investments in four platforms, with an initial investment cost totaling 650 million yuan, and noted the inability to confirm the accuracy of various financial statement items due to limited audit scope [2][4]. - The company has attempted to address these issues by liquidating the equity investments, with total proceeds of 309 million yuan, but has not fully completed the disposals as of December 31, 2024 [2][3]. Management's Response - The management claims to have taken steps to mitigate the negative impacts of the non-standard audit opinions and is actively working on the exit strategies for the equity investment platforms [3][5]. - Despite the audit firm's concerns regarding the company's ability to continue as a going concern, *ST Gongzhi asserts that it does not foresee significant uncertainties in its operational capabilities over the next twelve months [5]. Independent Directors' Opinions - Three independent directors have expressed doubts about the accuracy and completeness of the financial reports for 2024, citing frequent personnel changes and inadequate documentation as reasons for their inability to support the reports [6][7]. - Previous years have also seen independent directors raise objections to the annual reports, indicating ongoing governance issues within the company [7].
再收“非标”审计意见 *ST工智或将退市