证券时报·2025-05-29 12:10Core Viewpoint - The recent strength in the ST sector is attributed to multiple factors, including increased market enthusiasm for restructuring and expectations for many ST companies to "remove the risk warning" [1][10]. Group 1: Recent Performance of ST Sector - The ST sector has experienced its strongest wave of growth this year, with the Wind ST index showing a cumulative increase of over 20% since the low on April 9, significantly outperforming the Shanghai and Shenzhen indices [4][5]. - Among the ST stocks, 134 out of the total have risen since April 9, accounting for about 70% of the total, with nearly 50 stocks seeing increases of over 30% [5]. - Notable performers include *ST Yushun, which surged by 215.83%, and several others with increases exceeding 50% [6]. Group 2: Factors Driving the Recent Strength - The overall rebound in the A-share market since April has positively influenced the ST sector, contributing to its recent performance [8]. - Specific announcements from companies, such as *ST Yazhen's share transfer agreement, have also played a role in boosting investor confidence and stock prices [9]. - The anticipation of "removing risk warnings" for several ST companies following the disclosure of annual and quarterly reports has further driven stock price increases, particularly for *ST Xianfeng [10]. Group 3: Ongoing Risks in the ST Sector - Despite the recent gains, many ST companies continue to report poor operating performance, with 163 stocks showing losses in 2024, representing over 80% of the total ST stocks [12]. - In the first quarter of 2025, 139 ST stocks also reported losses, indicating ongoing challenges within the sector [12].