Group 1 - The company *ST Jinglun (600355) announced a preliminary performance forecast for the first half of 2025, expecting a net loss attributable to shareholders of the parent company between -19 million and -22 million yuan [1] - The expected net profit excluding non-recurring gains and losses is also projected to be between -19 million and -22 million yuan, compared to a net loss of -20.11 million yuan in the same period last year [1] - The company anticipates revenue of approximately 83 million yuan, a 23.5% increase from 66.96 million yuan in the previous year, but overall gross profit is insufficient to cover operating expenses, leading to losses [1] Group 2 - *ST Jinglun has reported a continuous net loss for six consecutive years since 2019, with negative cash flow from operating activities for the past five years [1] - The company was established in 1994 and became the first publicly listed company in China initiated entirely by natural persons in 2002 [2] - Due to negative audited profits and revenues below 300 million yuan, the company's stock was subject to delisting risk warnings [2] Group 3 - The company's stock was suspended for one day on April 28 and resumed trading the next day under the new name "*ST Jinglun" [3] - In the secondary market, *ST Jinglun's stock opened lower but rose by 4.32%, trading at 2.9 yuan per share at the time of reporting [4]

Core Viewpoint - *ST Hu Ke has shown a strong independent market performance, with a cumulative increase of 26.26% in 2025, outperforming the Shanghai Composite Index's 4.54% increase, indicating capital's preference for small-cap companies with state-owned backgrounds [2] Company Overview - *ST Hu Ke is characterized as a micro-cap stock with only 18 employees, including 5 sales personnel, 6 finance personnel, and 7 technical staff [3][4] - The company has a very small workforce, with a historical employee count ranging from 23 to 26 from 2020 to 2023 [7] Financial Performance - In 2024, *ST Hu Ke reported an operating income of 17.23 million yuan, a significant decline of 88.42% year-on-year, and a net profit of -5.68 million yuan, although losses have narrowed [8] - For Q1 2025, the company recorded an operating income of 4.26 million yuan, down 30.40% year-on-year, and a net profit of 480,400 yuan, a decrease of 19.06% [10] - The company faces a risk of delisting if it does not achieve profitability or revenue exceeding 300 million yuan in 2025 [11] Shareholding Structure - The largest shareholder is Kunming Transportation Investment Group, holding 12.40% of shares, while the second-largest shareholder is Kunming Industrial Development Investment Company, with a 6.53% stake [12][13] - A share transfer agreement was signed in December 2023, but the transfer has not been completed due to share freezing issues [12] Financial Health - As of March 2025, *ST Hu Ke had cash reserves of 30.08 million yuan and a debt-to-asset ratio of 66.65%, indicating short-term solvency [14] - The company has a current ratio of 1.54, suggesting it can meet its short-term obligations [14] Employee Compensation - The average employee salary in 2024 was 216,700 yuan, with the highest reported salary for the general manager at 325,400 yuan [16]

Core Points - The company is holding its third extraordinary general meeting of shareholders in 2025 to address the early re-election of the board of directors and the election of non-independent and independent directors [2][7][24] - The company has faced regulatory scrutiny due to the failure to disclose its 2024 annual report on time, leading to an investigation by the China Securities Regulatory Commission [7][24] - Inner Mongolia Yitai Coal Co., Ltd. has completed the transfer of shares, becoming a major shareholder with 50.10% ownership, resulting in significant changes to the company's equity structure [7][24] Proposal Summaries Proposal 1: Election of Non-Independent Directors - The company plans to elect five non-independent directors from a list of eight candidates, including Zhang Xiuwen, Zhang Junyu, Liu Chunlin, Zhang Jingquan, Li Junchen, Liu Wanzhou, Zhao Like, and Lian Tao [8][9] - The election will be conducted through a cumulative voting system, and the new directors' term will be three years starting from the approval date of the meeting [9][24] Proposal 2: Election of Independent Directors - The company intends to elect three independent directors from four candidates: Chen Xiaojun, Xu Huaxi, Xie Xianghua, and Yang Zhenyuan [25][26] - Similar to the non-independent directors, the independent directors will also serve a term of three years from the date of approval [26][28] Candidate Qualifications - Each candidate for the board has been assessed for their qualifications, experience, and lack of conflicts of interest with the company [10][12][19][22][27][30] - Candidates have backgrounds in finance, management, and relevant industry experience, ensuring they meet the necessary criteria to serve on the board [10][12][19][22][27][30]

Core Viewpoint - *ST Guandao has experienced a significant price surge of over 250% in just six days, despite being classified as a high-risk delisting stock due to previous financial fraud allegations [2][4]. Group 1: Stock Performance - On July 16, *ST Guandao's stock price rose by 29.66%, reaching a peak of 9.42 yuan, with a cumulative increase of over 250% over six consecutive days [2]. - The stock's performance is notable as it ranks second only to newly listed Huadian Xinneng on that trading day [2]. Group 2: Regulatory Actions - On July 15, the Beijing Stock Exchange issued two self-regulatory measures against two accounts involved in the speculative trading of *ST Guandao, imposing a one-month trading restriction from July 16 to August 15 [5]. - The accounts "Wu Xingyuan" and "Jing Nana" were found to have engaged in abnormal trading behaviors that manipulated the stock price, violating trading rules [5]. - The exchange highlighted that these actions could mislead other investors and have a severe negative impact on the market [5].

登录新浪财经APP 搜索【信披】查看更多考评等级 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。 一、本期业绩预计情况 （一）业绩预告期间：2025年1月1日一2025年6月30日 （二）预计的经营业绩：( 亏损 ( 扭亏为盈 ( 同向上升 (同向下降 ■ 二、与会计师事务所沟通情况 本次业绩预告相关数据是公司财务部门初步测算的结果，未经会计师事务所预审计。 三、业绩变动原因说明 2、根据《深圳证券交易所股票上市规则》第9.3.12规定："上市公司因触及本规则第9.3.1条第一款情 形，其股票交易被实施退市风险警示后，实际触及退市风险警示情形相应年度次一年度出现下列情形之 一的，本所决定终止其股票上市交易：（一）经审计的利润总额、净利润、扣除非经常性损益后的净利 润三者孰低为负值，且扣除后的营业收入低于3亿元。（二）经审计的期末净资产为负值。（三）财务 会计报告被出具保留意见、无法表示意见或者否定意见的审计报告。（四）追溯重述后利润总额、净利 润、扣除非经常性损益后的净利润三者孰低为负值，且扣除后的营业收入低于3亿元；或者追溯重述后 期末净资产为负值。（五）财 ...

Group 1 - The company expects to report a loss for the period from January 1, 2025, to June 30, 2025, based on preliminary estimates from the finance department, which have not been audited by an accounting firm [1][2] - The company has made progress in expanding its smart products and new materials, leading to improved operating efficiency compared to the same period last year [2] - The company plans to further increase its market share in smart products and new materials in the second half of 2025, aiming to enhance operational performance [2] Group 2 - The company has triggered a delisting risk warning due to its financial indicators, which have shown negative net profits for three consecutive years, and its recent audit report indicates uncertainty about its ability to continue as a going concern [3] - The company's stock will be subject to delisting risk warning and other risk warnings starting April 28, 2025, if it fails to meet the Shenzhen Stock Exchange's regulations [3] - Investors are advised to pay attention to the company's financial data, which will be disclosed in the 2025 semi-annual report [4]

Performance Forecast - The company expects to turn a profit with a net profit attributable to shareholders ranging from 130 million to 165 million yuan, compared to a loss of 7.71 million yuan in the previous period [1] - The basic earnings per share are projected to be between 0.91 yuan and 1.15 yuan, contrasting with a loss of 0.06 yuan per share previously [1] Reasons for Performance Change - The significant increase in net profit is primarily due to the completion of a major asset sale in May 2025, where the company sold its entire instrument and meter asset group, leading to a substantial increase in investment income [1] Risk Warning - The company is under delisting risk warning due to the potential for negative values in audited profit totals, net profit, and revenue falling below 300 million yuan, as per the Shenzhen Stock Exchange regulations [1][2]

Summary of Key Points Core Viewpoint - The company anticipates a negative net profit for the first half of 2025 due to intensified market competition and insufficient sales growth despite increased marketing efforts [2][3]. Performance Forecast - The performance forecast period is from January 1, 2025, to June 30, 2025, with an expected net profit in negative territory [2]. - The forecast has not been pre-audited by the accounting firm [2]. Reasons for Performance Changes - Increased competition in the local market has hindered the company's ability to boost beer sales, leading to anticipated losses [3]. - The company expects non-recurring gains from securities investments to be approximately 2.66 million yuan [4]. Risk Factors - The performance forecast is based on preliminary calculations by the finance department, with detailed financial data to be disclosed in the 2025 semi-annual report [5]. - The company’s 2024 annual financial data triggered a risk warning for delisting due to negative profit figures and revenue below 300 million yuan [5]. - The company will adhere to legal requirements for timely information disclosure [5]. Other Relevant Information - The company has designated information disclosure media, including "China Securities Journal," "Securities Times," and the website www.cninfo.com.cn, for all announcements [6].

Group 1 - The company, Fujian Zitian Media Technology Co., Ltd., is facing a risk of delisting due to financial reporting issues, specifically false records in its annual reports for 2022 and 2023 [1][3] - The company has been ordered by the Fujian Securities Regulatory Bureau to correct its financial reports and undergo a comprehensive audit by a qualified accounting firm within 30 days of receiving the decision [2][3] - As of now, the company has not hired a qualified accounting firm nor submitted a rectification report to the regulatory authority, leading to a risk warning on its stock since May 20, 2025 [2][3] Group 2 - The company's stock experienced abnormal trading fluctuations, with a cumulative price drop of 30% over two consecutive trading days on July 7 and July 8, 2025 [2] - The total amount of false revenue reported for the years 2022 and 2023 is approximately 2.5 billion yuan, which constitutes 63.53% of the total reported revenue for those years [3] - If the company fails to complete the required rectification by July 19, 2025, its stock will be terminated from listing [2][3]

Core Viewpoint - The company *ST New Tide (600777) is facing challenges regarding the convening of a temporary shareholders' meeting, with multiple proposals being rejected by the board and supervisory committee due to procedural non-compliance with legal regulations and the company's articles of association [1][2][3]. Group 1: Shareholder Meeting Proposals - The company received a proposal from shareholders to convene a temporary shareholders' meeting on July 24, 2025, to discuss the early re-election of the board and supervisory committee [1][4]. - The board and supervisory committee have previously rejected similar proposals on June 28 and July 4, citing that the proposal did not meet the legal and procedural requirements [2][3]. - The latest proposal includes legal opinions from three law firms affirming that the request to convene the meeting complies with Chinese law and the company's articles of association [5]. Group 2: Shareholder Structure Changes - The company has undergone a significant change in its shareholder structure, with Inner Mongolia Yitai Coal Co., Ltd. becoming a major shareholder, holding 50.10% of the company's shares [6]. - The new major shareholder supports the convening of the temporary shareholders' meeting, indicating a shift in governance dynamics [6]. Group 3: Financial Reporting Issues - The company has faced scrutiny for failing to disclose its 2024 annual report on time, leading to an investigation by the China Securities Regulatory Commission [6]. - The 2024 annual report was eventually released but received a non-standard audit opinion due to insufficient documentation regarding employee compensation and other financial details [7][8]. - The company has engaged with the auditing firm to provide necessary documentation and explanations to address the audit concerns [8].