ZHONGLI GROUP(SZ:002309) Shang Hai Zheng Quan Bao·2025-06-02 18:54Core Viewpoint - Jiangsu Zhongli Group Co., Ltd. has successfully applied to lift the delisting risk warning and some other risk warnings, with its stock trading resuming on June 4, 2025, under the new name "ST Zhongli" [9][10][11]. Group 1: Financial Performance and Audit - The company reported a net asset value of 1.42 billion yuan at the end of 2024, with an operating income of 2.358 billion yuan for the same year [14]. - The company has received a standard unqualified audit report for its 2024 financial statements, indicating improved financial health [15]. - The company has addressed previous issues that led to negative audit opinions, including internal control deficiencies and continuous losses over the past three years [15][17]. Group 2: Client Relationships and Business Operations - The company’s top five clients accounted for 44.71% of total annual sales, with no significant changes in the customer base except for the loss of two major clients due to the divestment of a subsidiary [2][3]. - The company’s special cable business focuses on various products, including fire-resistant cables for communication and power supply, and has maintained a stable customer group [2][3]. - The company confirmed that there are no related party transactions or conflicts of interest with its top clients [4][5]. Group 3: Regulatory Compliance and Risk Warnings - The company’s stock was previously subject to delisting risk warnings due to negative net assets and internal control audit issues, but these have been resolved [12][13]. - The company continues to face other risk warnings related to regulatory actions, which will remain until certain conditions are met [17]. - The stock trading will be subject to a daily price limit of 5% following the resumption of trading [10][11].