603959，成功“摘帽”！

Core Viewpoint - ST Baili has announced the removal of other risk warnings and the change of its stock name to "Baili Technology," effective July 15, 2025, which will allow for a higher daily price fluctuation limit of 10% instead of 5% [2][3]. Company Updates - The company will suspend trading on July 14, 2025, and resume trading on July 15, 2025 [3]. - ST Baili has completed the rectification of internal control deficiencies and has cleared non-operating fund occupation [5]. - The company’s actual controller, Wang Hairong, has repaid all non-operating funds amounting to 192 million yuan and accrued interest of 9.5985 million yuan by December 31, 2024 [5]. Financial Performance - For the fiscal year 2024, ST Baili reported a net profit attributable to shareholders of -401 million yuan, marking two consecutive years of losses [8]. - The company’s total revenue for the first quarter of 2025 was 31.8 million yuan, showing a year-on-year increase of 17.92% [9]. - The total operating costs for the same period were 32.2 million yuan, resulting in an operating profit of -3.8 million yuan [9]. Regulatory Issues - ST Baili faced regulatory penalties due to internal control issues, including failure to disclose non-operating fund occupation and significant omissions in financial reports [7]. - The company was fined 4 million yuan, and its chairman received a 3-year market ban along with fines for other executives [7]. Market Position - As of July 11, 2025, ST Baili's stock price was 5.98 yuan per share, with a total market capitalization of 2.9 billion yuan [10].