000622，退市

Core Viewpoint - *ST Hengli's stock delisting has been confirmed, with the last trading date expected to be July 15, following a decision by the Shenzhen Stock Exchange due to the company's failure to meet disclosure requirements and ongoing financial losses [1][3][4]. Group 1: Delisting Process - The company received a notice on June 17 regarding the termination of its stock listing, with the delisting period starting on June 25 and lasting for fifteen trading days [1][3]. - During the delisting period, the stock will trade on the Shenzhen Stock Exchange's risk warning board, with no price limit on the first trading day and a subsequent daily limit of 10% [3]. Group 2: Financial Performance - *ST Hengli has been struggling financially, with significant losses reported in recent years. The company only recorded a profit of 171.96 million yuan in 2021, while suffering losses exceeding 1 million yuan in both 2022 and 2023 [5]. - The company has been under scrutiny for its accounting practices, with concerns raised about its revenue recognition methods, leading to a qualified opinion from auditors on its financial statements [5][9]. Group 3: Regulatory Actions - The company received an administrative penalty notice from the Hunan Regulatory Bureau for failing to disclose its 2024 annual report, resulting in a proposed fine of 3.5 million yuan and additional penalties for its chairman and other responsible parties [4]. - Following the receipt of a delisting notice, the company filed a lawsuit against its auditing firm, claiming damages of 38.27 million yuan due to the firm's failure to provide timely audit reports [10]. Group 4: Future Outlook - The company projected a significant increase in revenue for 2024, estimating between 300 million to 350 million yuan, which represents a year-on-year growth of 169% to 214%, despite forecasting a loss of 33 million to 43 million yuan [7]. - However, as of now, the company has not disclosed its 2024 annual report or the first quarter report for 2025, indicating ongoing challenges in its financial reporting [8].