ST新潮将被冠*ST：审计风暴下的油气龙头何去何从？

Core Viewpoint - ST Xinchao faces significant challenges due to an audit report that issued a "disclaimer of opinion," leading to a change in its stock designation to "*ST Xinchao" and triggering delisting risk warnings [1][2] Financial Summary - For the fiscal year 2024, ST Xinchao reported a revenue of 8.362 billion yuan, a year-on-year decrease of 5.50% - The net profit attributable to shareholders was 2.036 billion yuan, down 21.57% year-on-year - The company has experienced negative growth in net profit for two consecutive years, raising concerns about its financial health due to the audit's "non-standard" opinion [2] Corporate Governance Issues - A power struggle among shareholders has emerged, with Yitai B acquiring 50.1% of ST Xinchao's shares on May 30, becoming the controlling shareholder - On June 19, six shareholders holding over 10% of the shares requested an extraordinary general meeting to discuss the early re-election of the board of directors and supervisory board [3][4] Board and Supervisory Actions - On June 28, the board of directors unanimously rejected the shareholders' request for a meeting - Following this, the same six shareholders submitted a request to the supervisory board for a general meeting, which was also denied on July 4 [4] Industry Implications - The situation surrounding ST Xinchao serves as a warning for the capital market, emphasizing the need for listed companies to balance short-term performance with long-term governance - After resuming trading on July 8, *ST Xinchao will be subject to a daily price fluctuation limit of 5%, highlighting the critical nature of its survival and transformation in the oil and gas sector [5]