Tongtech(SZ:300379) Shang Hai Zheng Quan Bao·2025-08-06 18:33Core Viewpoint - The company *ST Dongtong faces significant risks of forced delisting due to ongoing investigations by the China Securities Regulatory Commission (CSRC) regarding information disclosure violations by its actual controller and chairman, Huang Yongjun [1][3]. Group 1: Regulatory Actions - The actual controller Huang Yongjun has been formally investigated by the CSRC for suspected violations of information disclosure laws, marking the second investigation of the company and its core personnel within the year [1]. - The company previously disclosed on April 14 that it was under investigation for suspected false reporting of financial data, which could lead to forced delisting if confirmed by the CSRC [1][2]. Group 2: Financial Performance - In the 2024 annual report, *ST Dongtong reported a revenue of 758 million yuan, a year-on-year increase of 36.09%, but incurred a net loss of 576 million yuan [2]. - For the first quarter of 2025, the company achieved a revenue of 134 million yuan, with a net loss of approximately 30.54 million yuan [2]. Group 3: Audit Opinions - The 2024 annual report received an audit opinion of "unable to express an opinion," and the internal control was given a negative opinion, triggering delisting risk warnings and other risk warnings from the Shenzhen Stock Exchange [2]. - As a result of these audit findings, the company's stock was subject to delisting risk warnings and was renamed from "Dongfang Tong" to "*ST Dongtong" starting May 6 [2]. Group 4: Operational Status - Despite the ongoing investigations, the company asserts that its production and operational activities remain normal and that it will comply with regulatory requirements for information disclosure during the investigation period [3].