NXZ: After the disclosure of the 2024 annual report, the company's stock may be subject to delisting risk warning
I'm LongbridgeAI, I can summarize articles.NXZ announced that due to the 2024 performance forecast indicating a negative profit, and an expected operating revenue of 210 million to 230 million yuan, it may be subject to delisting risk warning after the disclosure of the 2024 annual report. The company's largest shareholder, Baota Petrochemical, is undergoing bankruptcy reorganization and may dispose of some shares through judicial auction to repay debts, but this will not lead to a change in the actual controller
According to the Zhitong Finance APP, NXZ (000595.SZ) announced that the cumulative deviation of the closing price increase of its stock reached 21.88% over two consecutive trading days on March 19 and March 20, 2025. According to the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules," this constitutes an abnormal fluctuation in stock price.
In response to inquiries, the company's largest shareholder, Baota Petrochemical, is currently actively working on debt risk resolution through bankruptcy reorganization procedures. Baota Petrochemical has currently waived all voting rights associated with its shares in the company and is not the controlling shareholder. Since 2021, it has not participated in the actual operation and management of the company. Baota Petrochemical is actively promoting the execution of the reorganization plan, and based on the court-approved "Reorganization Plan for the Substantive Merger of Baota Petrochemical Group Co., Ltd. and 167 Other Companies" and the demands of the secured creditors, it is possible that some of the company's shares held may be disposed of through judicial auction or other means during the execution of the reorganization plan to repay creditor debts. The future disposal of some shares by Baota Petrochemical will not lead to a change in the actual controller of the company.
On January 25, 2025, the company disclosed its "2024 Annual Performance Forecast," expecting that the total profit, net profit, and net profit after deducting non-recurring gains and losses for the year 2024 will be negative, and the operating income after deducting income unrelated to the main business and income without commercial substance will be between 210 million and 230 million yuan. According to Article 9.3.1 of the "Shenzhen Stock Exchange Stock Listing Rules (2024 Revision)," after the disclosure of the company's 2024 annual report, the company's stock may be subject to delisting risk warning (with the stock abbreviation prefixed by "*ST")