年报难产！资本大佬刘益谦旗下公司估值被打一折

Core Viewpoint - The stock price of Tianmao Group has been drastically reduced by over 90% by Huatai Fund, from 2.74 yuan per share to 0.27 yuan per share, due to significant changes in the company's fundamentals and regulatory issues [1]. Group 1: Company Overview - Tianmao Group has been suspended from trading for nearly two months since May 6, 2023, due to the inability to disclose its annual report by the legal deadline [2]. - The company faces a risk of delisting if it fails to disclose more than half of the board's assurance of the annual report's authenticity within two months of the delisting risk warning [2][3]. - The actual controller of Tianmao Group is Liu Yiqian, a well-known art collector and investor, who has a significant history in the A-share market [4]. Group 2: Financial Implications - Huatai Fund's decision to adjust the valuation of Tianmao Group's stock is aimed at protecting the interests of fund holders amid potential large adjustments in stock prices due to regulatory penalties or fundamental changes [1]. - As of the end of 2023, Tianmao Group's subsidiary, Guohua Life, has total assets nearing 300 billion yuan and net assets exceeding 26 billion yuan [4].