XCEC(SH:600777) Mei Ri Jing Ji Xin Wen·2025-10-24 11:35Group 1 - The Shanghai Stock Exchange publicly reprimanded *ST Xinchao (SH 600777) and its responsible individuals for failing to disclose the 2024 annual report and the 2025 Q1 report within the statutory deadline, violating multiple regulations including the Securities Law and Stock Listing Rules [1] - The disciplinary action was approved by the Exchange's Disciplinary Committee, resulting in a public reprimand for the then Chairman and General Manager Liu Bin, and the then Director and CFO Bing Zhou [1] Group 2 - For the first half of 2025, *ST Xinchao's revenue was entirely derived from oil exploration and development, accounting for 100% of its income [2] - As of the report date, *ST Xinchao had a market capitalization of 28.3 billion yuan [3]