Jiangsu wuzhong(SH:600200) Sou Hu Cai Jing·2025-09-10 10:30Core Viewpoint - *ST Suwu (600200.SH) faces significant risks of forced delisting due to violations including inflated revenue, costs, and profits in its financial reports from 2020 to 2023, as indicated by the China Securities Regulatory Commission's notice [1] Group 1: Regulatory Issues - The company received an administrative penalty notice from the CSRC on July 13, 2025, confirming the existence of false records in its annual reports [1] - The violations may lead to a forced delisting situation, as they fall under major illegal activities [1] Group 2: Stock Performance - The company's stock price has closed below RMB 1 for two consecutive trading days, raising the risk of being delisted if it remains below this threshold for 20 consecutive trading days [1] Group 3: Financial and Operational Risks - The company is currently facing multiple risks, including significant fund occupation by the controlling shareholder, whose shares are fully frozen [1] - The termination of exclusive agency agreements for medical beauty products has led to a halt in related business operations [1] - There are multiple delisting risks, including financial delisting, face value delisting, and major illegal activity delisting [1]