RED SUN(SZ:000525) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-06-12 03:54Core Viewpoint - Nanjing Hongtaiyang Co., Ltd. has successfully eliminated the risk warnings associated with its stock, transitioning from "ST Hongtaiyang" to "Hongtaiyang" and increasing the daily trading limit from 5% to 10% starting June 13, 2025 [2][20]. Group 1: Stock Trading and Risk Warnings - The company's stock was suspended for one day on June 12, 2025, and resumed trading on June 13, 2025, with the stock name changing from "ST Hongtaiyang" to "Hongtaiyang" [2][3]. - The stock's daily trading limit increased from 5% to 10% following the removal of other risk warnings [2][3]. - The company had been under risk warnings due to negative internal control audit reports from 2020 to 2023, but the 2024 report provided a standard unqualified opinion, leading to the removal of these warnings [2][11]. Group 2: Financial and Operational Rectifications - The company has rectified issues related to non-operating fund occupation by its former controlling shareholder, recovering a total of 288.41 million yuan [7][9]. - The company completed the rectification of prepayment issues with Anhui Yingfa Investment Group, ensuring that the 30 million yuan prepayment for ethanol procurement was justified and executed [15][16]. - The internal control audit for 2024 confirmed that the company maintained effective financial reporting controls, allowing it to apply for the removal of risk warnings [17][18]. Group 3: Regulatory Compliance and Announcements - The company applied to the Shenzhen Stock Exchange to remove the risk warnings and received approval, with the relevant announcements made on various dates [10][20]. - The company emphasizes that all information should be verified through its designated disclosure media, including China Securities Journal and the official website [21].