Core Viewpoint - *ST Zhongrun has announced the removal of delisting risk warnings and other risk warnings, changing its stock name from "*ST Zhongrun" to "Zhongrun Resources" effective June 5, 2025, with a change in daily price fluctuation limit from 5% to 10% [1][2]. Financial Performance - In the 2024 annual report, Zhongrun Resources reported total operating revenue of 333 million yuan, a year-on-year increase of 17.17%. However, the company recorded a net loss attributable to shareholders of 127 million yuan, compared to a profit of 6.67 million yuan in the previous year. The net profit excluding non-recurring gains and losses was a loss of 96.92 million yuan, compared to a loss of 12.7 million yuan in the previous year. The net cash flow from operating activities was 37.91 million yuan, compared to -16.06 million yuan in the previous year [5]. Strategic Focus - The company aims to focus on the precious metals industry chain, particularly gold mining, in response to the rising demand for safe assets globally. Following the acquisition by Jiajin Ruining, VGML has shown positive operational momentum and plans to enhance production capacity while maintaining stable output [6]. Industry Context - Several A-share companies have successfully removed ST and *ST labels, indicating a trend of improving financial health among listed companies. As of late May, over 20 companies have achieved this status, with expectations for more to follow as they submit applications for the removal of risk warnings [8][9].

Core Viewpoint - *ST Weidi announced that its stock will be suspended for one day on June 3, 2025, and will resume trading on June 4, 2025, with the removal of the delisting risk warning and a change in its stock name from "*ST Weidi" to "Weidi Co., Ltd." The stock code remains "603023," and the daily price fluctuation limit will increase from 5% to 10% [3][4]. Group 1 - The company reported a turnaround in its performance for 2024, achieving a revenue of 65.2357 million yuan, a year-on-year increase of 23.1%, and a net profit attributable to shareholders of 5.0555 million yuan [4]. - The company completed a significant strategic acquisition in December 2024 by acquiring 51% of Alpha Silicon, becoming its controlling shareholder, marking its entry into the passenger vehicle electronics sector [4][5]. - *ST Weidi is a domestic supplier of automotive electronic control products, producing various electronic components such as automotive combination instruments, CAN bus control systems, smart cockpit systems, and more [5]. Group 2 - The company’s stock was placed under delisting risk warning on May 6, 2024, due to negative net profits and insufficient revenue from core business activities [3]. - The audit reports for 2024 from Lixin Zhonglian Accounting Firm provided standard unqualified opinions on both the internal control report and the financial report, supporting the company's application to remove the delisting risk warning [3]. - The Shanghai Stock Exchange approved the company's application to lift the delisting risk warning on May 30, 2025, confirming that the conditions for removal were met [3].

Core Viewpoint - The ST sector has experienced its strongest rally of the year, with over 20 stocks in the ST category rising more than 50% since April 9, 2023 [1][2][3] Group 1: Market Performance - The ST sector index has seen a cumulative increase of over 20% since its low on April 9, 2023, significantly outperforming the Shanghai Composite Index and Shenzhen Component Index during the same period [2] - A total of 134 stocks in the ST sector have risen since April 9, accounting for approximately 70% of all ST stocks, with nearly 50 stocks increasing by over 30% [3] - From May 2023 onwards, 151 stocks in the ST sector have risen, representing nearly 80% of the total ST stocks [4] Group 2: Factors Driving the Rally - Multiple factors are contributing to the recent strength of ST stocks, including a general rebound in the A-share market since April's low [5] - Some ST companies are undergoing restructuring or changes in control, which has generated investor interest. For instance, *ST Yanzhen announced a share transfer agreement that could lead to a change in its controlling shareholder [6] - The expectation of "removing the ST label" for several companies has also fueled stock price increases. For example, *ST Xianfeng has seen strong market interest due to its application to remove the delisting risk warning [7][8]

Core Viewpoint - Several A-share companies are set to remove their delisting risk warnings, indicating improvements in their financial health and operational focus [2][8][11]. Group 1: Company Announcements - *ST农尚 will have its delisting risk warning removed and will change its name to "农尚环境" effective May 23, 2025, after a one-day suspension on May 22 [2][8]. - *ST金时 will also remove its delisting risk warning and change its name to "金时科技" effective May 23, 2025, following a one-day suspension on May 22 [10][11]. - ST世龙 will remove its other risk warning and change its name to "世龙实业" effective May 22, 2025, after a one-day suspension on May 21 [4][6]. Group 2: Financial Performance and Compliance - ST世龙 reported that its financial statements for 2019 and 2020 contained false records, leading to administrative penalties, but has since corrected these errors and received a standard unqualified audit report for 2024 [5][6]. - *ST农尚's 2024 revenue was reported at 2.18 billion, with a net asset value of 5.24 billion, allowing it to meet the conditions for removing the delisting risk warning [9]. - *ST金时's 2024 financials showed a total profit of 349.33 million, but a net loss of 1.62 billion, with a revenue of 370 million, prompting strategic asset restructuring to enhance operational capacity [12][13].

Core Viewpoint - Six ST/*ST stocks will be "delisted" and resume trading on May 20, indicating improved financial conditions and compliance with regulatory requirements [2][4]. Group 1: Stocks Resuming Trading - ST Aonong (603363) will have its delisting risk warning removed and will resume trading with a new name "Aonong Biological" on May 20. The company reported a net asset of 2.566 billion yuan and a revenue of 8.763 billion yuan for 2024, with a net profit of 579 million yuan [5]. - ST Mingjia (300506) will continue to have other risk warnings but will resume trading under the name "ST Mingjia Hui." The company reported a revenue of 117 million yuan for 2024, with a net asset of 96.44 million yuan [6]. - ST Kexin (600234) will also have its delisting risk warning removed and will resume trading as "Kexin Development" [7]. - ST Zhongtai (002092), ST Shengda (002259), and ST Muyao (600671) will remove other risk warnings and resume trading with new names: "Zhongtai Chemical," "Shengda Forestry," and "Tianmu Pharmaceutical," respectively [8]. Group 2: Major Asset Restructuring Announcements - Huibo Yuntong and Xinbang Intelligent will resume trading on May 20 after announcing major asset restructuring plans. Xinbang Intelligent plans to acquire control of Wuxi Yingdixin Microelectronics through a combination of share issuance and cash payments [12][13]. - Huibo Yuntong intends to acquire 67.91% of Baode Computer Systems through share issuance and cash payments, aiming to enhance its competitive edge in the IT infrastructure sector [13].

Core Viewpoint - The recent trend of companies in the A-share market "removing risk warnings" indicates a shift from "passive clearing" to "active optimization" in the market, reflecting positive signals in risk mitigation for listed companies [2] Group 1: Companies Removing Risk Warnings - *ST You Tree (300209.SZ) will remove its delisting risk warning and change its stock name to "You Ke Shu" starting May 13, following improvements in financial indicators [1] - Other companies that have successfully "removed risk warnings" include Wen Tou Holdings (600715.SH), Xin Ning Logistics (300013.SZ), Hanma Technology (600375.SH), Hezhan Energy (000809.SZ), Tian Chuang Fashion (603608.SH), and others, primarily due to financial improvements and completion of internal control rectifications [1][5] - *ST You Tree's net assets improved to 925 million yuan by the end of 2024, allowing it to eliminate both "star" and "hat" warnings [3] Group 2: Financial Improvements and Audits - Wen Tou Holdings also removed its risk warning on May 6 after restructuring and improving its net assets from negative to positive [3] - Xin Ning Logistics improved its financial situation by introducing state-owned shareholders and resolving debt risks, leading to a positive net asset status by the end of 2024 [4] - Companies like Li Gong Navigation (688282.SH) and Hengyu Xintong (300965.SZ) achieved revenue exceeding 100 million yuan in 2024, allowing them to remove risk warnings [5] Group 3: Ongoing Risk Warnings and Applications - Some companies, such as *ST Aonong (603363.SH) and *ST Weiti (603023.SH), have submitted applications to remove risk warnings, but still face unresolved issues that prevent complete risk clearance [7][8] - The removal of risk warnings does not equate to the complete elimination of risks, as it indicates only a temporary resolution of specific risk situations [2][8] - The market has seen a significant increase in the ST sector index, which rose by 13.87% from April 9 to May 12, reflecting market reactions to the "removal of warnings" [9]

"摘星脱帽"进行时 记者了解到，预计32家上市公司将在5月底前撤销风险警示，实现风险化解与质量提升。 南开大学金融发展研究院院长田利辉表示，上市公司撤销风险警示是新征程的起点，后续更需将发展重心 聚焦于夯实主业，通过提升核心竞争力，增强持续经营能力与投资者回报水平，从而实现企业的稳健长远 发展。 5月6日，河南新宁现代物流股份有限公司撤销退市风险警示及其他风险警示，股票简称由"*ST新宁"变更 为"新宁物流"，股票代码和股票交易日涨跌幅限制不变。 年报季落幕，一些风险警示公司通过聚焦主业、内控整改、破产重整、融资重组等方式改善基本面， 多元路径化解退市或其他风险。 从资不抵债到"摘星脱帽"，不少上市公司扭转乾坤的关键在于重整事项的顺利推进。 以汉马科技集团股份有限公司为例，数据显示，2023年末，该公司归属于母公司的净资产为-8.15亿元， 年度归属于母公司的净利润为-9.63亿元，流动负债高于流动资产28.74亿元。因偿债能力弱且部分银行账 户被冻结，存在较大的经营风险和财务风险，该公司在2023年年报披露后，被实施退市风险警示及其他风 险警示。 2024年，*ST汉马积极自救，推进司法重整程序，通过引入重 ...

年报季落幕，一些风险警示公司通过聚焦主业、内控整改、破产重整、融资重组等方式改善基本面，多 元路径化解退市或其他风险。记者了解到，预计32家上市公司将在5月底前撤销风险警示，实现风险化 解与质量提升。 南开大学金融发展研究院院长田利辉表示，上市公司撤销风险警示是新征程的起点，后续更需将发展重 心聚焦于夯实主业，通过提升核心竞争力，增强持续经营能力与投资者回报水平，从而实现企业的稳健 长远发展。 "摘星脱帽"进行时 5月6日，河南新宁现代物流股份有限公司撤销退市风险警示及其他风险警示，股票简称由"*ST新宁"变 更为"新宁物流（300013）"，股票代码和股票交易日涨跌幅限制不变。 又如河南新宁现代物流股份有限公司，净资产达标、审计意见合规是该公司成功"摘帽"的关键。根据公 告，上会会计师事务所(特殊普通合伙)对新宁物流2024年度财务报告进行了审计并出具了标准无保留意 见的审计报告，同时，对公司2024年财务报告内部控制出具了标准无保留意见的审计报告。根据审计结 果，尽管新宁物流2024年度净利润仍为负值，但其归属于上市公司股东的净资产已经转正为2.01亿元， 已摆脱净资产为负值的困境。新宁物流2024年实现 ...

Group 1 - Over 20 companies were subjected to risk warnings on May 6, 2024, including *ST Mubang, *ST Guangdao, *ST Tianze, *ST Yitong, and others [2][3] - The majority of these companies faced risk warnings due to financial reasons, with *ST Mubang reporting a net loss of 1.162 billion yuan and revenue of 277 million yuan, triggering delisting risk warnings [3][4] - The first batch of risk warning stocks from the Beijing Stock Exchange includes Guangdao Digital and Yun Chuang Data, both facing delisting risk due to adverse audit opinions [5][6] Group 2 - A significant number of ST companies have recently "removed their stars," with several companies like ST墨龙 and ST天邦 changing their stock names back to their original names [7][8] - Following the announcements, some companies experienced substantial stock price increases, such as 山东墨龙 reaching a closing limit up on May 6 [8]

Core Viewpoint - New Ning Logistics has successfully removed the delisting risk warning and other risk warnings, marking a significant recovery from financial distress and a return to normal trading status [1][2] Group 1: Stock Trading and Market Response - New Ning Logistics' stock will be suspended for one day on April 30, 2025, and will resume trading on May 6, 2025, with the stock name changing from "*ST新宁 (300013)" to New Ning Logistics [1] - The daily price fluctuation limit for the stock remains at 20% [1] Group 2: Financial Performance and Recovery - The company reported a net asset value of 201 million yuan, indicating it has turned positive from a previous negative net asset situation [1] - For the fiscal year 2024, New Ning Logistics achieved an operating revenue of 481 million yuan, demonstrating a sustainable operational foundation [1] - In the first quarter of 2025, the company achieved a turnaround with an operating revenue of 111 million yuan and a net profit of 5.79 million yuan, reflecting a significant year-on-year growth of 398.61% [2] - The successful removal of the delisting warning is seen as a crucial milestone in resolving the company's financial crisis [2] Group 3: Future Outlook - The company plans to continuously optimize its business structure, enhance operational efficiency, and build core competitiveness to drive its main business towards profitability and create long-term value for customers and shareholders [2]