2 1 Shi Ji Jing Ji Bao Dao·2025-09-18 10:05Core Viewpoint - Two listed companies, *ST Suwu and *ST Zitian, are facing delisting procedures due to serious financial fraud, highlighting the increasing regulatory scrutiny in the capital market [1][2]. Group 1: Delisting Procedures - *ST Suwu's stock price closed at 0.95 yuan per share, below the 1 yuan face value, risking delisting due to price [1][2]. - *ST Zitian has entered a delisting preparation period, with its stock expected to be delisted by October 13, 2025 [2]. Group 2: Financial Fraud Details - *ST Suwu inflated its revenue by a total of 4.95 billion, 4.69 billion, 4.31 billion, and 3.77 billion yuan from 2020 to 2023 [3]. - The company also had non-operational fund occupation by related parties totaling 47.56 billion yuan from the end of 2020 to the end of 2023 [3]. - *ST Zitian inflated its revenue by a total of 24.99 billion yuan over two years, with 7.78 billion yuan in 2022 alone, accounting for 44.59% of its revenue [4]. Group 3: Investor Compensation - Legal channels for investor compensation have opened, with specific periods defined for *ST Suwu and *ST Zitian for eligible claims [5]. - The increasing awareness of investor rights and the rising costs of violations for listed companies are evident in these cases [5]. - Audit firms involved in these companies may also face legal consequences for their roles in the financial fraud [5].