ST SuWu warns of multiple delisting risks, with inflated performance from 2020 to 2023 crossing the red line

Zhitong
2025.10.09 08:41

*ST Jiangsu Wuzhong issued the thirteenth risk warning announcement regarding the possibility of being subjected to mandatory delisting due to major violations of laws. On February 26, the company was placed under investigation for suspected information disclosure violations, and on July 13, it received a notice of punishment, determining that the annual reports from 2020 to 2023 contained false records, with inflated revenues of 495.2632 million yuan, 468.5082 million yuan, 430.7452 million yuan, and 376.6641 million yuan, respectively, which triggered the circumstances for mandatory delisting due to major violations. In addition, the company also faces multiple delisting risks related to financial issues, par value delisting, as well as operational risks such as fund occupation by controlling shareholders and performance losses. The company has not yet received a formal punishment decision and reminds investors to invest rationally

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
© 2025 Longbridge｜Disclaimer