A few days ago, *ST Jinglan (000711) announced that the delisting risk warning situation touched by the company's decision to accept the reorganization by the court has been eliminated, and it applied to the Shenzhen Stock Exchange to cancel the corresponding delisting risk warning. The company received a notice from the Shenzhen Stock Exchange on January 4, and after review, it was approved by the company to withdraw the application for delisting risk warning due to reorganization.
However, in view of the fact that the audited net assets at the end of the period in 2022 are negative, the company's audited net profit before and after deducting non-recurring gains and losses for three consecutive fiscal years from 2020 to 2022 is negative, and the 2022 annual audit report shows that there is uncertainty in the company's ability to continue operations, and the company's relevant major bank accounts are frozen, the company will continue to be subject to delisting risk alert and other risk warnings by the Shenzhen Stock Exchange.
ST Jinglan reminded in the above announcement that if the company's audited financial and accounting report for 2023 shows that the relevant financial indicators touch the relevant provisions of the "** Listing Rules", the company ** may still face the risk of being terminated from listing.
In addition to the above-mentioned crisis, *ST Jinglan is also under pressure to face investor litigation claims.
ST Jinglan received the "Administrative Penalty Decision" issued by the Heilongjiang Securities Regulatory Bureau on November 21, 2023. According to the decision, *ST Jinglan's illegal facts include: failure to disclose goodwill impairment information in the 2021 and 2022 annual reports as requiredIn 2021, the impairment loss of goodwill was under-accrued;In 2021 and 2022, the provision for bad debts was under-accrued. Therefore, the Heilongjiang Securities Regulatory Bureau issued a warning to the company and the relevant responsible persons, and imposed fines of varying amounts.
Liu Peng, a lawyer at Shanghai Huzi Law Firm, said that in view of the administrative penalty issued by the China Securities Regulatory Commission to *ST Jinglan, some investors can file claims in accordance with the law. At present, it is judged that investors who ***ST Jinglan** during the period from April 28, 2022 to July 12, 2023, and still hold the ** at the time of July 12, 2023** and lose money, may be able to claim compensation from the company. Qualified investors can register through the official account "Dazhong ** Bao" (feature code: 11) to participate in the claim, and the final compensation scope will be determined by the court.