JZP(SH:600190) Sou Hu Cai Jing·2025-06-21 03:47Core Viewpoint - *ST Jinguang's stock will be delisted from the Shanghai Stock Exchange due to serious violations, including false financial reporting over multiple years [1][3]. Group 1: Company Announcement - On June 20, *ST Jinguang announced that it received a self-regulatory decision from the Shanghai Stock Exchange to terminate its stock listing [1]. - The delisting process will begin on June 30, with a trading period of 15 trading days, and the expected last trading date is July 18 [3]. Group 2: Regulatory Actions - The company was found to have inflated profits through false trading activities and misreported income in its annual reports from 2022 to 2024, leading to administrative penalties from the Liaoning Securities Regulatory Bureau [3]. - The company has faced continuous false reporting for four consecutive years from 2020 to 2023, which constitutes a major violation triggering mandatory delisting [3]. Group 3: Company Background - *ST Jinguang was established in 1993 and is recognized as the first port in China to implement a shareholding system separating government and enterprise operations [3]. - The company's main business includes oil products, grain, general cargo, and container operations [3]. Group 4: Shareholder Information - As of the end of the first quarter of this year, *ST Jinguang had a total of 78,800 shareholders, a decrease of 3,913 compared to the end of 2024 [4].