ST Rock: Stock price changes, company may delist due to performance and audit issues.
ST Rock announced that the company's stock price has fluctuated greatly recently, with two consecutive trading days hitting the limit up. As of now, the annual audit firm has not obtained sufficient evidence to prove that the issues related to the 2024 audit report with a qualified opinion have been resolved. If they are unable to obtain the necessary evidence in the future, it is expected that a qualified opinion will be issued for the 2025 annual financial report, and the company's stock may be delisted due to the non-standard opinion on financial matters.
In addition, the estimated revenue for 2025 is 48 to 60 million yuan, with a net loss of 180 to 250 million yuan. The company may face delisting due to the combination of net loss and insufficient revenue. The controlling shareholder's shares have been frozen by the court, and the actual controller Han Xiao has been taken into custody with criminal measures.
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