ST天瑞筹划控制权变更 今起停牌

Core Viewpoint - ST Tianrui is undergoing a potential change in control as the controlling shareholder Liu Zhaogui is planning related matters, leading to a temporary suspension of the company's stock trading for up to two trading days starting December 1, 2025 [1] Group 1: Company Control Change - Liu Zhaogui, the founder and current chairman of ST Tianrui, holds 79.91 million shares, representing 16.13% of the total share capital, and with associated parties, the total holding is 20.85% [1] - The specific parties involved in the control change have not been disclosed, and no agreements have been signed yet [1] Group 2: Financial Performance - ST Tianrui's revenue has been declining annually due to intensified industry competition, with a reported revenue of 435 million yuan for the first three quarters of this year, a decrease of 26.15% year-on-year [2] - The company reported a net loss of 1.2179 million yuan, although the loss margin has significantly narrowed compared to previous years [2] Group 3: Regulatory Issues - The company is under other risk warnings due to a prior administrative penalty from the China Securities Regulatory Commission, which found that ST Tianrui failed to recognize certain project construction service revenues according to accounting standards, resulting in understated revenue of 614 million yuan for 2021 [2] - An administrative penalty of 3 million yuan was imposed on the company, with warnings and fines issued to responsible individuals ranging from 600,000 to 1 million yuan [2] - ST Tianrui has rectified the violations and made corrections to the 2021 annual report, and currently, there are no outstanding issues requiring rectification [2]