Core Viewpoint - The credit rating of Dongfang Shifang Driving School Co., Ltd. has been downgraded from B to CCC, with a negative outlook due to significant financial challenges and operational issues [1][7]. Financial Performance - The company reported a decline in main business income in 2024, attributed to factors such as consumer downgrade and insufficient student enrollment, resulting in a revenue decrease of 375 million yuan compared to 2023 [1]. - The company recognized asset impairment losses and credit impairment losses on its subsidiaries due to underperformance [1]. Audit Findings - The audit report from Beijing Dehao International Accounting Firm raised concerns about the recoverability of receivables from related parties, including: - 302.49 million yuan receivable from Beijing Qianzhong Fantasy Technology Co., Ltd. with a bad debt provision of 30.25 million yuan, related to the purchase of 3,179 VR simulators [2]. - 49.86 million yuan receivable from Beijing Tonglong Automobile Sales Co., Ltd. with a bad debt provision of 15.73 million yuan, related to incomplete delivery of AI training systems [3]. - 35 million yuan receivable from the controlling shareholder, with a bad debt provision of 3.5 million yuan, related to non-operational fund occupation [4]. Internal Control Issues - The internal control audit report indicated significant deficiencies in managing and recovering funds from related parties, with unresolved issues regarding the delivery of VR simulators and AI systems [4][5]. Regulatory Actions - The company received a corrective order from the China Securities Regulatory Commission, requiring the recovery of 387 million yuan in occupied funds within six months, failing which trading suspension and potential delisting could occur [6]. - As of June 19, 2025, no funds had been recovered, leading to a trading suspension effective June 20, 2025 [6]. Credit Rating Status - The company maintains a credit rating of CCC, with a negative outlook, reflecting ongoing financial distress and operational challenges [7].

证券代码：603377 证券简称：ST 东时 公告编号：临 2025-111 转债代码：113575 转债简称：东时转债 东方时尚驾驶学校股份有限公司 关于无法在责令改正期限内完成资金占用整改暨 二、复牌条件 根据《上海证券交易所股票上市规则》（2025 年 4 月修订）第 8.6、9.4.1 条等相关规定，若公司在停牌期限内完成整改，公司股票及"东时转债"将复牌。 若公司在停牌期限内未完成整改，上海证券交易所（以下简称"上交所"）将对 公司股票实施退市风险警示，公司股票及"东时转债"将复牌。复牌后两个月内 仍未完成整改的，上交所将决定终止公司股票及"东时转债"上市交易。 三、重大风险提示 国证监会"）下发的《立案告知书》（编号：证监立案字 0142025028 号）。因 公司涉嫌信息披露违法违规，根据《中华人民共和国证券法》《中华人民共和国 行政处罚法》等法律法规，中国证监会决定对公司立案。公司将积极配合中国证 监会的相关工作调查，并严格按照相关法律法规的规定和监管要求及时履行信息 披露义务。截至本公告披露日，公司经营活动正常开展。 属的通知，徐雄先生因涉嫌操纵证券市场罪，经上海市人民检察院第一分院批准 逮 ...

*ST亚振：公司股价严重高于要约收购价格 提请广大投资者注意投资风险 智通财经6月24日电，*ST亚振(603389.SH)公告称，公司股票于2025年6月20日、23日、24日连续三个交 易日内日收盘价格涨幅偏离值累计达到12%，属于股票交易异常波动。公司股票短期涨幅与同期上证指 数、家具制造业存在严重偏离，市净率严重高于同行业水准。公司生产经营风险较大，2024年度扣除非 经常性损益后的净利润为负值，且营业收入低于3亿元，实施退市风险警示。鉴于公司最近交易日收盘 价为15.41元/股，严重高于要约收购价格，提请广大投资者注意投资风险。 ...

Core Viewpoint - *ST Hengtai is set to remove its delisting risk warning and change its stock name to Heli Tai, following a successful restructuring and improvement in financial health [2][3][8]. Financial Performance - As of the end of 2024, Heli Tai reported a net asset value of 1.856 billion yuan, with total revenue of 1.282 billion yuan and a net profit of 1.519 billion yuan, marking a significant recovery from previous losses [8][9]. - The company's asset-liability ratio decreased from 193.91% at the beginning of the year to 27.52% after the restructuring [9]. - In Q1 2025, Heli Tai achieved a revenue of 366 million yuan, representing a year-on-year growth of 8.63%, and a net profit of 4.0847 million yuan, indicating a return to profitability [16]. Corporate Restructuring - Heli Tai underwent judicial restructuring in 2024 due to severe debt issues and continuous losses, with the restructuring plan completed by December 31, 2024 [6][9]. - The company has shifted its focus to electronic paper and general display sectors, divesting from its traditional mobile phone business to reduce losses [9]. Regulatory Challenges - Despite the successful restructuring, Heli Tai is still under investigation by the China Securities Regulatory Commission (CSRC) for alleged information disclosure violations, with the investigation ongoing [11][12]. - The company received a notice of investigation on April 28, 2025, and has not yet received a conclusive opinion from the CSRC [12]. Management Changes - Heli Tai recently experienced significant management changes, with the resignation of key executives including the chairman and CFO, and the appointment of new management personnel [13][14][15]. - The company aims to strengthen its existing business segments while navigating the challenges posed by the ongoing regulatory investigation and market conditions [15].

Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng (Fuzhou) Law Firm addresses the inquiries from the Shenzhen Stock Exchange regarding the 2024 annual report of Helitai Technology Co., Ltd, focusing on the company's debt restructuring and compliance with relevant regulations [1][2][3]. Group 1: Debt Restructuring and Financial Performance - The company confirmed a debt restructuring gain of 4.803 billion yuan and a debt restructuring default expense of 904 million yuan during the reporting period, with a net asset balance of 1.856 billion yuan at the end of the reporting period [4]. - The company achieved a net profit of 1.519 billion yuan, marking a turnaround from losses, primarily due to debt restructuring and asset divestiture [12]. - The company reported a significant decrease in operating income by 71.35%, attributed to business segment reductions and loss of clients due to long-term funding shortages [12]. Group 2: Compliance with Stock Exchange Regulations - The company has met the conditions to apply for the removal of the delisting risk warning, as it no longer meets the criteria for delisting under the Shenzhen Stock Exchange's regulations [12][24]. - The company’s net assets were confirmed to be positive at 1.856 billion yuan for the 2024 fiscal year, eliminating the previous negative net asset situation [12][20]. - The company has disclosed its internal control audit report, which received a standard unqualified opinion, fulfilling the disclosure requirements [12][20]. Group 3: Legal and Audit Matters - The company is involved in 645 litigation and arbitration cases, with a total amount in dispute of approximately 6.004 billion yuan, representing 323.55% of the company's latest audited net assets [24][25]. - The company has confirmed other payables of 3.2378 million yuan based on the requirements of relevant accounting standards [24]. - The audit procedures regarding the company's litigation and arbitration situations have been executed, with the audit firm providing clear opinions on the matters [24].

亚振家居股份有限公司 证券代码：603389 证券简称：*ST 亚振 公告编号：2025-041 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 证券停复牌情况：适用 因重大事项,本公司的相关证券复牌情况如下： 停牌 证券代码 证券简称 停复牌类型 停牌起始日 停牌终止日 复牌日 期间 ? 公司股票于 2025 年 5 月 6 日至 6 月 11 日连续二十六个交易日内日收盘价格涨 幅偏离值累计达到 107.83%，多次触及股票交易异常波动。公司股票短期涨幅与同 期上证指数、家具制造业存在严重偏离。为维护投资者利益，公司就股票交易情 况进行了核查。公司郑重提醒广大投资者，公司股价可能存在短期涨幅较大后下 跌的风险，请投资者务必充分了解二级市场交易风险，切实提高风险意识，理性 决策、审慎投资。 ? 生产经营风险。公司 2024 年度经审计的扣除非经常性损益后的净利润为负值， 且扣除与主营业务无关的业务收入和不具备商业实质的收入后的营业收入低于 3 亿元，触及《上海证券交易所股票上市规则》第 9.3.2 条第一 ...

Core Viewpoint - *ST WanFang is facing significant changes in its ownership structure due to a court-ordered auction of shares held by its major shareholder, WanFang Yuan, which may lead to a loss of control and potential changes in actual control of the company [1][2][3] Group 1: Company Ownership and Control - The Changchun Intermediate Court will auction 90.86 million shares held by WanFang Yuan, representing 29.18% of the total share capital of *ST WanFang, on July 22-23, 2025 [1] - Following the auction, WanFang Yuan will lose its status as the largest shareholder, which raises the risk of changes in the controlling shareholder or the absence of an actual controller [1][3] - WanFang Yuan previously delegated voting rights for 80.44 million shares (25.83% of total shares) to Huide Industrial, making it the controlling shareholder, but this delegation will automatically become invalid if WanFang Yuan loses its shares [3] Group 2: Financial Performance - In 2024, *ST WanFang reported revenue of 391 million yuan, a 133.70% increase year-on-year, with a net profit attributable to shareholders of 10.65 million yuan, marking a turnaround from losses [1] - The company’s net profit after deducting non-recurring items was -4.60 million yuan, indicating a reduction in losses compared to the previous year [1] - The financial indicators have triggered a delisting risk warning under the Shenzhen Stock Exchange rules, as the company’s net profit and revenue metrics fell below specified thresholds [2]

*ST亚振（603389）公告，因股价自2025年5月6日至6月11日连续二十六个交易日内日收盘价格涨幅偏 离值累计达到107.83%，多次触及股票交易异常波动，公司进行了停牌核查。经核查，公司2024年度经 审计的扣除非经常性损益后的净利润为负值，且扣除与主营业务无关的业务收入和不具备商业实质的收 入后的营业收入低于3亿元，触及退市风险警示。2025年第一季度营业总收入为4067.57万元，归属于上 市公司股东的净利润为-2131.38万元。公司控股股东已变更为吴涛先生，实际控制人变更为吴涛先生。 公司股票将于2025年6月17日复牌。 ...

证券代码：300167 证券简称：*ST 迪威 公告编号：2025-046 深圳市迪威迅股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 深圳市迪威迅股份有限公司（以下简称"公司""迪威 迅"）于 2025 年 5 月 9 日收到深圳证券交易所创业板公司 管理部下发的《关于对深圳市迪威迅股份有限公司的年报问 询函》（以下简称"问询函"），公司董事会对此高度重视， 对年报问询函提及的事项组织相关人员进行讨论、核查，现 回复如下： 一、关于申请撤销退市风险警示 你公司 2023 年期末经审计净资产为负，股票交易自 2024 年 4 月 27 日起被我所实施退市风险警示。本报告期，你公 司财务报表审计意见类型为带强调事项段以及带持续经营 能力存在重大不确定性段落的无保留意见，强调事项为公司 不存在实际支配公司股份表决权超过 30%的股东，且股权较 为分散，各股东所持股份表决权均不足以对公司股东大会的 决议产生重大影响，也不能够决定公司董事会半数以上成员 的选任；内部控制审计意见类型为带强调事项的无保留意见， 强调事项为报告期内公司存在副董事长、董事会秘书 ...

近日，上海证券交易所公布对观典防务技术股份有限公司（688287）及有关责任人予以公开谴责的决定。观典防务2025年4月12日发布《2024 年度业绩预告、业 绩快报更正暨可能被实施退市风险警示的公告》，预计公司2024年亏损且实现营业收入低于1亿元，可能在年报公布后被实施退市风险警示。但公司1月17日披露 的《2024 年年度业绩预亏公告》、2 月 28 日发布的《2024年度业绩快报公告》，均披露公司2024年度实现营业收入在1亿元以上，虽然亏损但没有退市警示风 险。上交所对决定对公司及高明（时任董事长、代行董秘）、程宇（时任总经理）、王彦（时任财务负责人）予以公开谴责。观典防务是首家通过转板上市的科 创板公司，因此该公司的后续表现备受市场关注。 文/梧桐小编 | 证券代码 | 证券简称 | 监管类型 | 外理事由 | 涉及对象 | 外理日期 | | --- | --- | --- | --- | --- | --- | | 688287 | *ST观曲 | 公开谴责 | 关于对观典防务技术股份有限公司 | 上市公司,董监高- | 2025-06-10 | | | | | 及有关责任人予以公开谴责的决定 ...