上市29年终退市！这只股票明天摘牌

Core Viewpoint - Tianmao Group will officially delist after 29 years of being listed, with its stock set to be delisted on September 30, 2025, following a decision by the Shenzhen Stock Exchange [2][4]. Financial Performance - In 2023, Tianmao Group reported a revenue of 49.699 billion yuan, a slight increase of 0.17% year-on-year, but incurred a net loss of 0.652 billion yuan, reversing from a profit of 0.274 billion yuan in 2022 [2][3]. - The company anticipates continued losses in 2024, projecting revenue between 40 billion and 43 billion yuan, with expected net losses ranging from 0.5 billion to 0.75 billion yuan [2][3]. Business Transition and Challenges - Tianmao Group transitioned from chemical manufacturing to the insurance industry in July 2016, but has faced significant operational challenges in recent years [2]. - The decline in interest rates has adversely affected the company's subsidiary, Guohua Life Insurance, leading to increased reserve provisions that contributed to the losses [3]. Delisting Process - The company has initiated the process to voluntarily delist its shares, with a shareholder meeting approving the decision on August 25, 2025 [4]. - Following the delisting, Tianmao Group's shares will be transferred to the National Equities Exchange and Quotations system for management [2][5]. Shareholder Actions - Tianmao Group has signed an agreement with Changcheng Guorui Securities to facilitate the transfer of shares post-delisting and manage related services [5]. - The company has provided cash options to shareholders, with 1.44 billion cash options effectively declared during the exercise period, allowing shareholders to sell their shares at a price of 1.60 yuan per share [6].