However, a month later, ST Zhongli received another regulatory letter from Shenzhen Stock Exchange.
Due to the large difference between the company's 2022 annual performance forecast and the net profit disclosed in the periodic report, the disclosure of the performance forecast is inaccurate. It violates the provisions of Article 1.4, Article 2.1.1 and Article 5.1.3 of the Stock Listing Rules of Shenzhen Stock Exchange (Revised in 2022). In July 7th, the Shenzhen Stock Exchange issued relevant regulatory measures for this violation.
Digital New Energy DNE noted that this is the second regulatory letter that ST Zhongli has received in a month.
On June 6, ST Zhongli was found to have violated relevant regulations and was subject to relevant regulatory measures by the Shenzhen Stock Exchange for failing to disclose key information in relevant transactions.
In fact, in addition to being frequently warned by the Shenzhen Stock Exchange, in the past year, the company has also been caught in negative events such as arbitration, litigation, illegal guarantees, and forced auction of equity. Since July alone, Changzhou Ship Cable, a wholly-owned subsidiary, has been applied for reorganization by creditors and three bank accounts of two subsidiaries have been frozen.
By the end of 2022, the revenue composition of ST Zhongli is as follows: photovoltaic industry accounts for 50.7%, communication industry accounts for 23.22%, other industries account for 23.03%, and optical fiber accounts for 3.05%.
As of press time, ST Zhongli closed at 3.94 yuan per share, with a total market value of 3.435 billion yuan.