Core Viewpoint - ST Changyuan has disclosed its response to the Shanghai Stock Exchange's inquiry letter, addressing only two out of five major issues, while deferring responses on significant matters such as non-operating fund occupation by related parties, operating performance, and audit opinions due to the complexity of the issues involved [1][2][3]. Group 1: Financial Performance - In 2024, ST Changyuan reported a revenue of 7.874 billion yuan, a year-on-year decrease of 7.22%, and a net loss attributable to shareholders of 978 million yuan, marking a shift from profit to loss primarily due to a significant decline in the profitability of its main business and large goodwill impairment [2][3]. - The company’s accounts receivable at the end of the reporting period amounted to 3.515 billion yuan, with a provision for bad debts of 570 million yuan, including 233 million yuan for specific accounts [4]. Group 2: Related Party Transactions - The chairman of ST Changyuan, Wu Qiquan, controls Zhuhai Yuntaili Holdings Development Co., Ltd., which has occupied company funds through third parties, with balances of 294 million yuan and 264 million yuan at the end of 2023 and 2024, respectively [2][3]. Group 3: Audit Opinions - Due to the non-operating fund occupation by related parties, the financial report for 2024 received a qualified audit opinion, and the internal control report received a negative opinion [3]. Group 4: Accounts Receivable Financing - The accounts receivable financing balance at the end of 2024 was 492 million yuan, a year-on-year increase of 117.51%, primarily due to accounts receivable notes [4]. - The company reported a prepayment balance of 307 million yuan at the end of 2024, a year-on-year increase of 141.16%, mainly due to new prepayments for materials related to renewable energy projects [4][5].

Core Viewpoint - The company is facing significant financial challenges, including a projected loss for the 2024 fiscal year, and is undergoing changes in its auditing process which may impact its ability to continue listing on the stock exchange [2][3][6]. Group 1: Financial Performance and Projections - The company expects a loss for the 2024 fiscal year, with projected revenues between 320 million and 350 million, and a net loss estimated between 93 million and 138 million [2][6]. - The anticipated increase in revenue is attributed to rising gold prices and operational activities from its subsidiary [6]. Group 2: Audit and Compliance Issues - The company is in the process of changing its auditing firm from Lixin CPA to Huaxing CPA due to the former's resignation, which may delay the completion of the 2024 annual report [3][4]. - The company has not yet determined if there are any issues that could lead to a non-unqualified audit opinion for its financial statements [3][8]. Group 3: Risk of Delisting - The company has been warned about the risk of delisting if it fails to meet the requirements set forth in the Shenzhen Stock Exchange listing rules, particularly if it cannot file its annual report on time [2][4]. - The company has received a warning from the China Securities Regulatory Commission regarding compliance issues, which it is addressing through corrective measures [7][9]. Group 4: Measures to Ensure Operational Continuity - The company has taken steps to secure funding, including loans from shareholders and agreements for repayment of outstanding amounts, to alleviate financial pressure and support ongoing operations [5][6]. - The company is actively working on its annual report and maintaining communication with its new auditing firm to ensure compliance with regulatory requirements [9].

文/飞云 12月27日晚，海越能源集团股份有限公司（*ST海越、600387）发布关于独立董事聘请第三方中介机构的进展公告。为保护ST海越和广大投资者特别是中小投资者 利益，公司独立董事前期召开独立董事专门会议，审议通过了《关于聘请第三方中介机构的议案》，提议聘请其他第三方中介机构，就《公司2023年度审计报告》 无法表示意见的相关事项开展专项审计，经公司独立董事认可，决定聘请中兴华会计师事务所（特殊普通合伙）作为第三方独立审计机构对公司相关事项进行专项 审计，并出具专项审计报告。今年8月28日，公司发布《关于公司独立董事提议聘请第三方中介机构的公告》。 此前，*ST海聘请中审众环为公司2023年度财务和内控审计机构，但中审众环对*ST海越2023年度财务报告分别出具了无法表示意见的审计报告和否定意见的内控审 计报告，原因有二：一是无法确定公司计提的信用减值损失是否充分；二是无法获取充分、适当的审计证据以确定归还相关资金是否来源于公司或交易对方等事 项。 此后，公司股票于2024年4月23日起被实施退市风险警示。 *ST海越在27日同时发布续聘会计师事务所的公告，表示公司董事会会议审议通过《关于续聘中审众环会 ...