2026年2月25日，ST新华锦（600735.SH）公告，因涉嫌信息披露违法违规，证监会决定对公司及实际 控制人张建华进行立案。 同日，ST新华锦公告，因无法在责令改正期限内完成资金占用整改，公司股票自2月26日起被停牌；若 停牌后2个月内仍未完成整改，上交所将对公司股票实施退市风险警示；若此后2个月内仍未完成整改， 上交所将决定终止公司股票上市交易。 目前，ST新华锦控股股东、间接控股股东已被法院裁定破产重整，而间接控股股东及其关联方占用的 上市公司的非经营性资金为普通债权，存在清偿率较低、无法获得全额清偿的风险。 业内专家对《中国经营报》记者表示，除非有"白武士"代为偿还债务或者有其他方面的特别安排，ST 新华锦大概率会在2026年6月前后被终止上市。建议中小股东尽早通过证券虚假陈述诉讼锁定赔偿责任 主体，同时关注破产重整程序中的清偿机会。 中经记者 孙汝祥 夏欣 北京报道 存规范类退市风险 资金占用未按时整改 ST新华锦2月25日公告显示，公司及实际控制人张建华当日分别收到证监会《立案告知书》。因涉嫌信 息披露违法违规，证监会决定对公司及张建华进行立案。 值得注意的是，此前的2025年8月25日，青岛 ...

Group 1 - The company is unable to disclose the 2024 annual report and the 2025 first quarter report within the legal deadline, leading to a trading suspension since May 6, 2025 [1][2] - The stock will be subject to delisting risk warning upon resumption of trading on July 8, 2025, if the company fails to disclose the required reports within two months of the delisting risk warning [2][3] - The company has received a notice of investigation from the China Securities Regulatory Commission (CSRC) for failing to disclose periodic reports on time, which may lead to further regulatory actions [1][3] Group 2 - The company is required to issue risk warning announcements at least every five trading days during the delisting risk warning period [2] - This announcement marks the first risk warning regarding potential mandatory delisting due to non-compliance with disclosure requirements [2] - The company is currently working to complete the necessary reports and improve communication with relevant parties to expedite the disclosure process [2]