Zheng Quan Shi Bao·2025-08-06 22:36Core Viewpoint - *ST Tianmao is facing a potential delisting crisis but has announced a significant matter being planned by its controlling shareholder, Xinliyi Group, which may provide a new opportunity for the company [1][3]. Group 1: Company Situation - *ST Tianmao has received a notice from Xinliyi regarding the planning of a significant matter, leading to a temporary suspension of its stock trading starting August 7, with an expected duration of no more than two trading days [3]. - The company is currently in a delisting crisis due to its failure to disclose the 2024 annual report and the 2025 first-quarter report within the legal deadlines, resulting in a delisting risk warning implemented on July 8 [3]. - As of August 6, *ST Tianmao has not yet disclosed its financial reports, but it claims that normal operations are ongoing and that it is working to complete the necessary reports [3]. Group 2: Financial Performance - *ST Tianmao, as an investment holding company, primarily engages in insurance business through its subsidiaries, Guohua Life and Huarui Insurance, with Guohua Life being a nationwide life insurance company [4]. - As of June 30 of the previous year, Guohua Life had total assets of 271.599 billion and net assets of 26.22 billion, operating 111 branches across the country [4]. - Since July 8, *ST Tianmao's stock has dropped over 40%, currently priced at 1.45 per share, with a total market value of 7.1 billion [4]. - Recently, the stock has shown signs of recovery, with a rare two-day increase of over 4% [4].