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Core Viewpoint - *ST Renle's stock will be delisted due to negative net assets and failure to meet financial reporting standards, with a trading suspension starting June 13 and a final trading date expected on July 3 [1][4][5]. Group 1: Delisting Announcement - On June 5, *ST Renle announced that it received a decision from the Shenzhen Stock Exchange to terminate its stock listing [1]. - The stock will enter a delisting preparation period for 15 trading days, with the last trading day anticipated to be July 3, and the official delisting date set for July 4 [4]. Group 2: Financial Performance - For the fiscal year 2024, *ST Renle reported an audited net asset of -404 million yuan, leading to a negative opinion in its financial audit report [5]. - The company achieved a revenue of 1.43 billion yuan in 2024, a year-on-year decline of 49.86%, and a net profit attributable to shareholders of -17 million yuan, compared to a loss of 498 million yuan in the previous year [6]. - In Q1 2025, the company reported a revenue of 129 million yuan, a year-on-year decrease of 77.81%, with a net loss of approximately 79.62 million yuan [6]. Group 3: Business Operations - *ST Renle operates primarily in the retail chain business, focusing on direct-operated stores, with a multi-format development model that includes large supermarkets, boutique supermarkets, community life supermarkets, and department stores [5]. - As of the end of 2024, the company had 32 stores, all of which were direct-operated, having opened 1 new store, closed 45, and transferred 15 during the year [6].