Group 1 - The Shanghai Stock Exchange criticized *ST Ai Ai for failing to disclose its annual performance forecast within the required timeframe, as the company reported a negative net profit for the fiscal year 2024 and its operating revenue fell below 300 million yuan [1] - The company’s revenue composition for the year 2024 indicates that 99.02% of its revenue came from industrial operations, while other businesses contributed only 0.98% [2] - As of the report date, *ST Ai Ai has a market capitalization of 1.9 billion yuan [2] Group 2 - The disciplinary actions taken against *ST Ai Ai include a public reprimand for the company and its key executives, including the chairman, CFO, and board secretary, due to violations of the Shanghai Stock Exchange's listing rules [1] - Similar cases of public reprimands for financial disclosure inaccuracies have been noted in other companies, indicating a trend of regulatory scrutiny in the industry [3]

Core Viewpoint - *ST Ai Ai failed to timely disclose its performance forecast, which is directly related to the risk of delisting [4][6] Group 1: Violation Details - *ST Ai Ai did not disclose its performance forecast within the required timeframe, violating the Shanghai Stock Exchange listing rules [6] - The company reported a loss of 8.8461 million yuan for 2024, with a net profit of -3.9883 million yuan after deducting non-recurring items [4] - The main reasons for the loss included a fixed asset impairment loss of 10.095 million yuan due to delayed delivery of a subsidiary's factory and an expected fair value loss of 8.5 million yuan from another company's underperformance [4] Group 2: Accountability of Executives - The Shanghai Stock Exchange criticized the then Chairman and General Manager Tu Guosheng, CFO Lin Lidan, and Secretary of the Board Su Yangzhong for not fulfilling their responsibilities [6][7] - The executives argued that the financial indicators did not meet the disclosure standards at the end of January 2025 and that the changes in April were due to objective factors [6][7] Group 3: Regulatory Response - The Shanghai Stock Exchange decided to issue a public reprimand to *ST Ai Ai and the responsible executives, which will be recorded in the integrity archives of the securities and futures market [7] - The company is required to conduct a compliance risk assessment and submit a rectification report signed by all directors and supervisors within one month of receiving the decision [7]

Group 1 - The Shanghai Stock Exchange criticized *ST Ai Ai for failing to disclose its 2024 annual performance forecast within the required timeframe, as the company is expected to report a negative net profit and revenue below 300 million yuan [1] - The company’s revenue composition for 2024 indicates that 99.02% of its revenue comes from industrial operations, while other businesses contribute only 0.98% [2] - As of the latest report, *ST Ai Ai has a market capitalization of 1.9 billion yuan [3]