RECLAIM CONSTRUCTION(SZ:002586) Zheng Quan Zhi Xing·2025-06-02 08:57Core Viewpoint - The company, Zhejiang Weihai Construction Group Co., Ltd., is under multiple risk warnings due to violations related to guarantees and fund occupation, leading to its stock being labeled as "ST Weihai" since May 29, 2019 [5][4][10]. Group 1: Risk Warnings and Financial Issues - The company has faced risk warnings since 2019 due to various issues, including frozen bank accounts and significant internal control deficiencies [4][10]. - As of April 21, 2025, the company received a notice indicating false financial disclosures in its annual report, resulting in additional risk warnings [12][3]. - The company has been involved in legal disputes related to guarantees and fund occupations, with significant amounts involved, including a total of 1.354 billion yuan in guarantees and 346.35 million yuan in fund occupations [6][10]. Group 2: Restructuring and Financial Recovery - The company received a total of 856.39 million yuan from restructuring investors for the purchase of rights to recover funds related to violations [11][2]. - The company also received 92.80 million yuan in interest from the restructuring investors, indicating a recovery of some financial stability [11][2]. - The main bank accounts of the company have been unfrozen, allowing for normal operations to resume [11][2]. Group 3: Audit and Compliance - The auditing firm Huaxing Certified Public Accountants issued a standard unqualified opinion on the company's internal control audit report for 2024, suggesting improvements in compliance [11][2]. - The company has been actively disclosing updates regarding its financial and operational status through various announcements on the Giant Tide Information Network [11][5].