Core Viewpoint - The annual shareholder meeting of *ST New潮 (New潮 Energy) was held on September 19, 2023, amidst significant investor interest despite the company's recent challenges, including regulatory penalties and ongoing control disputes [2][3][8]. Group 1: Company Challenges - *ST New潮 has faced a delay of over two months in releasing its annual report, resulting in a proposed penalty of 3 million yuan and additional fines for two former executives totaling 2 million yuan [2]. - The company is currently entangled in a power struggle between new and old management, with issues related to U.S. asset litigation complicating the transition [2][9]. - The control of the company's core assets, primarily located in the U.S., is a critical point of contention, as the company is largely an "empty shell" domestically [9]. Group 2: Shareholder Meeting Insights - The annual shareholder meeting lasted approximately 18 minutes, with management leaving shortly after, leading to dissatisfaction among shareholders who felt there was insufficient opportunity for questions [3][7]. - Key concerns among shareholders included whether the current board has control over overseas assets and the status of ongoing litigation in the U.S. [6][8]. - The management's early departure from the meeting raised complaints from investors, highlighting a lack of communication and engagement from the leadership [3][7]. Group 3: Future Prospects - The company is currently involved in a lawsuit against its auditing firm, which could impact its financial reporting and investor confidence [13][14]. - Despite being under "ST" (special treatment) status, the stock has shown resilience, achieving nine consecutive trading days of gains after resuming trading [15]. - Investors expressed concerns about the challenges faced by the new controlling shareholder, 伊泰 (Yitai), in managing the company effectively [15].

Core Viewpoint - The article discusses the challenges faced by *ST New潮 (New潮 Energy) following a delayed annual shareholder meeting, regulatory penalties, and ongoing control disputes, highlighting investor concerns regarding asset management and company governance [1][2][7]. Group 1: Company Governance and Control - The annual shareholder meeting of New潮 Energy was delayed by over two months, resulting in a fine of 3 million yuan for the company and 2 million yuan for two former executives [1]. - The company is currently experiencing a power transition between old and new management, with control disputes over its core assets in the U.S. [7]. - Investors are particularly concerned about whether the current board has effectively taken control of overseas assets and the status of ongoing litigation in the U.S. [5][6]. Group 2: Shareholder Meeting Insights - The annual shareholder meeting lasted only about 18 minutes, with limited interaction between management and shareholders, leading to dissatisfaction among investors who traveled long distances to attend [2][6]. - Key issues raised by shareholders included the management of overseas assets and the company's ability to resolve its regulatory issues [5][11]. - The management's quick departure after the meeting left many shareholders feeling unheard and frustrated [6]. Group 3: Financial and Legal Challenges - New潮 Energy is facing significant legal challenges, including a lawsuit against its auditing firm, which could impact future financial reporting and investor confidence [11]. - The company has received "negative opinions" in its internal control audit reports for two consecutive years, raising concerns about its financial integrity [11]. - Despite being under "ST" (special treatment) status, the stock has seen a surge in trading, with nine limit-up days following its resumption of trading [11][12].

Group 1 - Several *ST companies in the A-share market have successfully removed their delisting risk warnings since May, indicating a positive trend in the market [1][2] - Beijing Oriental Garden Environment Co., Ltd. (Oriental Garden) and Sichuan Jinshi Technology Co., Ltd. (Jinshi Technology) have both lifted their delisting risk warnings and changed their stock names [1] - Fujian Aonong Biotechnology Group Co., Ltd. (Aonong Biotechnology) and Shanxi Kexin Development Co., Ltd. (Kexin Development) have also successfully removed their delisting risk warnings, reflecting improved financial health [1] Group 2 - The recent trend of *ST companies removing delisting warnings is seen as a positive signal from a strategic perspective, as it indicates companies are focusing on core operations and restructuring [2] - Kexin Development reported a revenue of 375 million yuan and a net profit of approximately 39.98 million yuan for 2024, highlighting its successful business strategy [2] - Jinshi Technology achieved revenues of 258 million yuan from its energy storage business and 120 million yuan from its safety and fire protection business in 2024, demonstrating effective business transformation [2] Group 3 - Wento Holdings' successful removal of its delisting warning is attributed to its judicial restructuring, which improved its asset-liability structure and operational capabilities [3] - Aonong Biotechnology reported an annual revenue of 8.763 billion yuan and a net profit of 579 million yuan for 2024, following its bankruptcy restructuring [3] - The focus on core business and internal control quality is crucial for companies to improve their fundamentals and regain market confidence [3]