Hezong Science & Technology(SZ:300477) Zheng Quan Shi Bao Wang·2025-09-10 15:02Core Points - ST HZ's controlling shareholder and chairman Liu Zegang has been granted a bail decision by the Chaoyang Public Security Bureau, allowing him to perform his duties normally, with no impact on the company's daily operations [1] - The company faced a fine of 9.5 million yuan due to violations in information disclosure related to financial assistance provided to related parties, amounting to 508 million yuan, which constituted significant omissions [1][2] - In 2023, ST HZ reported a net loss of 643 million yuan, a year-on-year decline of 9044.38%, and received a qualified opinion from the auditing firm due to undisclosed related party relationships and significant deficiencies in internal controls [3] Financial and Operational Summary - As of June 30, 2025, ST HZ's current assets were 1.779 billion yuan, while current liabilities reached 3.641 billion yuan, resulting in a liquidity shortfall of 1.862 billion yuan [3] - The company's debt ratio stood at 90.29%, indicating significant repayment pressure [3] - ST HZ and its subsidiary Tianjin New Energy were listed on the overdue bill list, with a total overdue commercial acceptance bill balance of 157 million yuan, representing 14% of the company's latest audited net assets [4]