600711 宣布“摘帽”！明日停牌

Core Viewpoint - ST Shengtun has received approval from the Shanghai Stock Exchange to remove its risk warning, changing its stock name from "ST Shengtun" to "Shengtun Mining" effective August 14, 2024 [2][4]. Group 1: Financial Corrections and Penalties - ST Shengtun has corrected accounting errors for the years 2021, 2022, and the first half of 2023, which resulted in overstated revenues and profits [4][5]. - The company reported overstatements of revenue and profit amounting to 359 million yuan and 194 million yuan for 2021, and 84.149 million yuan in revenue and an understatement of 139 million yuan in profit for 2022 [5]. - For the first half of 2023, the company understated revenue and profit by 78.188 million yuan and 22.957 million yuan, respectively [5]. Group 2: Financial Performance Post-Correction - After corrections, Shengtun Mining reported revenues of 45.24 billion yuan, 25.83 billion yuan, and 24.46 billion yuan for 2021, 2022, and 2023, respectively, with net profits of 1.027 billion yuan, -2.089 million yuan, and 264.7 million yuan [6]. - Following the removal of the risk warning, the stock price of Shengtun Mining had previously experienced four consecutive trading halts [6]. Group 3: Market Recovery and Future Prospects - The stock price of ST Shengtun has rebounded significantly, increasing over 130% since the market low in September 2023 [7]. - In 2024, the company achieved a revenue of 25.73 billion yuan, a year-on-year increase of 5.21%, and a net profit of 2.005 billion yuan, a substantial increase of 657.63% [9]. - The company’s major shareholder, Yao Xiongjie, has seen a significant decrease in wealth due to market fluctuations, but recent trends in lithium and copper prices may signal a potential recovery for both the company and its owner [10].