另外，《处罚》针对*ST恒立未按期披露2024年年报的事项，行政处罚拟对公司责令改正、给予警告并 处以350万元罚款，对相关责任人给予警告并处以100万元—180万元金额不等的罚款。 *ST恒立(000622)退市"尘埃落定"。 6月17日，因未在法定期限内披露过半数董事保证真实、准确、完整的2024年年报，*ST恒立收到终止 上市决定。 值得注意的是，在收到深交所退市决定的同时，*ST恒立收到湖南证监局下发的《行政处罚事先告知 书》（下称《处罚》），《处罚》揭示了公司未按期披露2024年年报的真实原因。 6月17日，因未在法定期限内披露过半数董事保证真实、准确、完整的2024年年报，*ST恒立收到终止 上市决定。 回溯*ST恒立发展历程，此次退市是长期经营不善、叠加严重违规问题、公司治理缺陷等多重因素导致 的结局。上市以来，公司经营过冷气设备，生产过新能源电池。2018年以来，公司设备生产主业大幅萎 缩，主要业务转向委托加工及贸易，盈利能力持续承压，深陷亏损泥潭，甚至收入也逼近退市红线。 2024年，公司将保壳赌注押宝在注入新余锂想新能源有限公司，收购后公司第四季度突击增加收入超过 2亿元。从年审机构提出的 ...

Core Viewpoint - The article discusses the peculiar case of *ST Hengli, which is facing delisting due to failure to disclose its annual report on time, and highlights the company's attempts to blame its auditing firm for the situation [3][5][14]. Group 1: Company Background and Financial Issues - *ST Hengli received a delisting notice from the Shenzhen Stock Exchange due to not disclosing over half of its board's assurances regarding the accuracy of its 2024 annual report by the legal deadline [5][6]. - The company has been under "ST" and "*ST" designations due to continuous financial losses, with a cumulative loss of 670 million yuan since 2003 [31][34]. - In 2024, *ST Hengli projected a revenue of 300 million to 350 million yuan, a significant increase from 111.47 million yuan in the previous year, but still expected a net loss of 33 million to 43 million yuan [8][30]. Group 2: Auditing and Reporting Issues - The company changed its auditing firm to Xutai CPA shortly before the annual report deadline, which raised concerns about the adequacy of the audit process [10][20]. - There were significant discrepancies between the company's performance forecasts and the audit results, leading to a failure to submit the annual report on time [11][12]. - After receiving the delisting notice, *ST Hengli filed a lawsuit against Xutai CPA, claiming damages of 38.27 million yuan, which corresponds to the market value loss on the day of the notice [14][38]. Group 3: Market Reaction and Implications - Following the delisting notice, *ST Hengli's stock price dropped by 4.81%, leading to three consecutive trading halts [38][42]. - The article suggests that retail investors, who are often the last to bear the financial consequences, are the biggest losers in this situation [38][42].