Core Viewpoint - Shenzhen Guangdao Digital Technology Co., Ltd. (*ST Guangdao) faces significant risk of being forcibly delisted due to major legal violations, as indicated by the China Securities Regulatory Commission's ongoing investigation and the issuance of an administrative penalty notice [1][2] Group 1: Company Status - *ST Guangdao was placed under investigation by the China Securities Regulatory Commission on December 4, 2024, for suspected legal violations [1] - The company received an administrative penalty notice on June 13, 2025, which suggests a high likelihood of being forcibly delisted [1] - The stock was suspended for one day on April 30, 2025, due to the issuance of an "unable to express an opinion" audit report for the 2024 annual report, leading to a significant drop in stock price upon resumption of trading [1] Group 2: Financial and Operational Issues - The audit report highlighted three main reasons for the inability to express an opinion: fabrication of contracts to inflate revenue and profits, ongoing investigation for information disclosure violations, and severe operational challenges including halted main business and significant employee turnover [2] - The company has outstanding bank loans amounting to 32.21 million yuan, raising concerns about its ability to continue operations [2] Group 3: Investor Concerns - Investors are currently seeking compensation for losses incurred, particularly those who purchased shares before December 4, 2024, and sold or held them after December 5, 2024 [2] - The company has not planned any major restructuring or strategic investments, which may further exacerbate investor concerns regarding stock price volatility [1]
*ST广道深陷退市危机，多重问题导致股民损失不小