GOHIGH(SZ:000851) Mei Ri Jing Ji Xin Wen·2025-05-13 16:42Core Viewpoint - The company *ST Gao Hong is facing significant financial challenges, with projected net losses of approximately 1.56 billion yuan in 2023 and 2.29 billion yuan in 2024, raising concerns among investors about its operational management and restructuring progress [2]. Group 1: Financial Performance - The company reported net losses of about -15.6 billion yuan for 2023 and -22.9 billion yuan for 2024 [2]. - Investors expressed concerns that the company's recent performance has eroded its entire market value over two years [2]. Group 2: Restructuring Efforts - The company is actively working on an out-of-court restructuring, including recruiting investors and auditing processes, but progress has been slow due to complex factors [2]. - The chairman's pre-tax remuneration decreased from 700,400 yuan in 2023 to 595,400 yuan in 2024, indicating cost-cutting measures [2]. Group 3: Audit and Legal Issues - The company's 2024 financial statements received a "non-standard" audit opinion due to ongoing investigations and significant litigation, with a total of 21 lawsuits amounting to over 900 million yuan [3][4]. - The company is cooperating with regulatory investigations and is focused on resolving litigation matters [3].