Core Viewpoint - Sichuan Jinshi Technology Co., Ltd. has successfully reversed its financial difficulties and removed the delisting risk warning, indicating a positive transformation through strategic adjustments and operational improvements [1][3]. Company Overview - The company announced the removal of the delisting risk warning effective May 23, 2025, with its stock name changing from "*ST Jinshi" to "Jinshi Technology" [1]. - The stock trading price limit has increased from 5% to 10% following the removal of the risk warning [1]. Financial Performance - In the 2024 fiscal year, the company reported a total revenue of 376 million yuan, a year-on-year increase of 1008.39%, while the net profit attributable to shareholders was -4 million yuan, a reduction in losses by 90.13% [4]. - The company’s revenue from the energy storage system business reached approximately 358 million yuan in 2024, contributing nearly 70% of the total revenue [4]. - In the first quarter of 2025, the company achieved a revenue of 39.5 million yuan, a year-on-year increase of 560.65%, with a net profit of -25.3 million yuan [4]. Strategic Actions - The company has taken significant steps to enhance its operational capabilities, including the divestiture of its subsidiary, Jinshi Printing, for 300 million yuan, and the establishment of multiple production lines for energy storage systems [3]. - The strategic focus on energy storage and related products has been pivotal in mitigating revenue declines from traditional business segments [4]. Market Position - As of May 21, 2025, the stock price was reported at 8.81 yuan per share, with a total market capitalization of 3.568 billion yuan [5].

Core Viewpoint - *ST Jinshi is set to have its delisting risk warning and other risk warnings removed starting May 23, 2025, with its stock name changing from "*ST Jinshi" to "Jinshi Technology" [1] Group 1: Financial Performance - In 2024, *ST Jinshi reported a total profit of 3.4933 million yuan, a net loss of 16.2248 million yuan, and a net profit attributable to shareholders of -4.397 million yuan, with a revenue of 370 million yuan [3] - The company plans to sell its 100% stake in Jinshi Printing to an affiliate for 300 million yuan, completing the divestiture by December 31, 2024 [3] - As of December 31, 2024, *ST Jinshi achieved revenue of 258 million yuan from its energy storage systems and 12 million yuan from energy storage safety systems [3] Group 2: Business Transformation - Following a strategic transformation, *ST Jinshi has established multiple production lines for supercapacitors and energy storage systems, indicating a recovery in operational capacity [3] - The company has approximately 332 million yuan in orders for energy storage systems and 27.27 million yuan in orders for energy storage safety systems [4] - The increase in revenue without profit in 2024 and Q1 2025 is attributed to the early-stage nature of the energy storage business, lower gross margins compared to peers, and increased expenses for market penetration and brand establishment [4] Group 3: Industry Context - The energy storage business of *ST Jinshi aligns with industry trends, and the company asserts that its revenue recognition practices are commercially reasonable and consistent with industry norms [4] - Other companies, such as *ST Nongshang, are also experiencing similar conditions, with their revenue and net asset figures meeting the criteria for the removal of delisting risk warnings [4][6]

Core Viewpoint - Several A-share companies are set to remove their delisting risk warnings, indicating improvements in their financial health and operational focus [2][8][11]. Group 1: Company Announcements - *ST农尚 will have its delisting risk warning removed and will change its name to "农尚环境" effective May 23, 2025, after a one-day suspension on May 22 [2][8]. - *ST金时 will also remove its delisting risk warning and change its name to "金时科技" effective May 23, 2025, following a one-day suspension on May 22 [10][11]. - ST世龙 will remove its other risk warning and change its name to "世龙实业" effective May 22, 2025, after a one-day suspension on May 21 [4][6]. Group 2: Financial Performance and Compliance - ST世龙 reported that its financial statements for 2019 and 2020 contained false records, leading to administrative penalties, but has since corrected these errors and received a standard unqualified audit report for 2024 [5][6]. - *ST农尚's 2024 revenue was reported at 2.18 billion, with a net asset value of 5.24 billion, allowing it to meet the conditions for removing the delisting risk warning [9]. - *ST金时's 2024 financials showed a total profit of 349.33 million, but a net loss of 1.62 billion, with a revenue of 370 million, prompting strategic asset restructuring to enhance operational capacity [12][13].

Group 1 - The company has undergone a name change from "*ST金时" to "金时科技" and will resume trading on May 23, 2025, after a one-day suspension [1][6] - The daily price fluctuation limit for the company's stock has been increased from 5% to 10% [1][6] - The company was previously under delisting risk warnings due to negative net profit and revenue below 100 million yuan for the fiscal year 2023 [2][3] Group 2 - The company has taken measures to improve its operational capabilities, including divesting inefficient assets and focusing on energy storage systems [2][4] - The company completed the divestiture of its subsidiary, 四川金时印务有限公司, for 30 million yuan, which was approved in board meetings held in March and April 2024 [4] - The company reported a revenue of 25,817.73 million yuan from energy storage systems and 11,957.22 million yuan from energy storage safety systems by December 31, 2024 [4] Group 3 - The company has applied to revoke the delisting risk warning and other risk warnings, which was approved by the Shenzhen Stock Exchange [5][6] - The company submitted its application for revocation on April 25, 2025, and the approval was granted shortly thereafter [5][6] - The company has confirmed that it meets the conditions for the revocation of the delisting risk warning according to the relevant stock exchange rules [5]