A summary analysis of ST stocks that will be delisted in 2022, stocks that will wear hats and stars in 2022, and ST stocks that will take off their hats and stars in 2022 -

The article is based on the predictions of each stock's 2021 annual report, and there are uncertainties. The specific final situation depends on the official 2021 annual report of each stock.

According to the new delisting regulations:

1. General provisions

1. Delisting risk warning *ST words;

2. Other risk warning words ST;

3. Those who actively terminate listing can choose to trade or transfer their stocks in securities trading venues such as the National Equities Exchange and Quotations.

2. Compulsory delisting for trading types

1. The cumulative trading volume of A-shares for 120 consecutive trading days (announcement for 90 consecutive days) is less than 5 million shares;

2. The cumulative trading volume of B shares for 120 consecutive trading days (announcement for 90 consecutive days) is less than 1 million shares;

3. Aamp; B shares for 120 consecutive trading days (announcement for 90 consecutive days) are 5 million shares respectively shares and 1 million shares

4. The closing price of A shares/B shares/A and B shares for 20 consecutive trading days (10 consecutive trading announcements) is less than 1 yuan;

5 , The closing market value is less than 300 million yuan for 20 consecutive trading days (10 consecutive trading announcements);

6. The number of shareholders is less than 2,000 for 20 consecutive trading days (10 consecutive trading announcements).

3. Compulsory delisting in the financial sector

1. (After retrospective) net profit (deducting whichever is lower) is negative and operating income (deducting non-main business and non-commercial Substantial income) is less than 100 million yuan;

2. (After retrospective) the net assets at the end of the period are negative;

3. An audit report is issued that cannot/negatively express an opinion. ;

4. The above refers to the disclosure of audited annual reports.

4. During *ST, *ST can be revoked if the reorganization meets all the following conditions:

1. The sale of all operating assets and liabilities and the purchase of other assets have been completed;

2. Purchase a complete operating entity and manage it for more than three years;

3. Simulate financial statements.

5. Standardized mandatory delisting

1. Failure to disclose annual/semi-annual reports within the time limit and suspension of trading for 2 months;

2. 1/2 The above directors cannot guarantee that the annual/semi-annual report is true, accurate and complete, and they cannot guarantee it within the 2-month suspension of trading;

3. There are accounting errors or false records that have not been corrected within the period and the trading has been suspended for 2 months;

4. Within the period and suspended for 2 months, there are major deficiencies in disclosure/standardized operations that have not been corrected;

5. The total share capital for 20 consecutive trading days due to changes during the period , the equity distribution no longer meets the conditions for listing and has not been resolved;

6. It may be forced to dissolve in accordance with the law;

7. Accept applications for company reorganization, reconciliation or bankruptcy liquidation.

6. Forced delisting due to major violations

1. Fraudulent issuance, illegal disclosure of major information, or other major illegal activities that seriously damage the order of the securities market

(1 ) There are false records, misleading statements or major omissions in the initial offering;

(2) The company issues shares to purchase assets and constitutes a reorganization and listing, and the application or disclosure documents contain false records, misleading statements or major omissions;

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(3) The disclosed annual report contains false records, misleading statements or major omissions;

(4) The total false revenue exceeds 500 million yuan for 2 consecutive years, and exceeds the 2-year limit. 50% of the total annual revenue disclosed in each year;

Or the total amount of false net profit reaches more than 500 million yuan for 2 consecutive years, and exceeds 50% of the total annual net profit disclosed in those 2 years;

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Or the total amount of falsely stated profits for two consecutive years has reached more than 500 million yuan, and exceeds 50% of the total annual total profit disclosed in those two years;

Or the falsely stated balance sheet has been consecutively The total amount in two years reaches more than 500 million yuan, and exceeds 50% of the total amount of net assets disclosed at the end of the two years;

When calculating the aforementioned total, if the relevant financial data is negative, the absolute value shall be taken first Then total the calculation.

2. Egregiously and seriously harming the interests of the country and the public, or seriously affecting the listing status

7. Other risk warnings

1. Occupation of funds ; The balance of the listed company’s funds occupied by the controlling shareholder or related persons of the controlling shareholder is more than 1KW, or accounts for more than 5% of the company’s latest audited net assets, and there is no feasible solution or although a solution is proposed, it is not expected to be able to be completed within 1 month Resolved within a month.

If the company has no controlling shareholder or actual controller, the same shall apply if the funds are occupied by the largest shareholder or a person related to the largest shareholder.

If it has been eliminated, cancel the submission of the special audit report issued by the accounting firm, the special opinions issued by the independent directors and other documents.

2. Providing external guarantees in violation of prescribed procedures; the balance is more than 1KW, or accounts for more than 5% of the listed company’s latest audited net assets, and there is no feasible solution or although a solution is proposed, it is not expected to be possible be resolved within one month. (Except if the guarantee object is a subsidiary within the scope of the consolidated statements of a listed company).

If it has been eliminated, cancel the submission of legal opinions issued by law firms, special opinions issued by independent directors and other documents.

3. The board of directors and the general meeting of shareholders are unable to hold normal meetings and formulate resolutions;

4. An internal control audit report or assurance report has been issued in the past year that cannot/negatively express opinions.

If the rectification is completed, the submission of the standard unqualified audit report or assurance report issued by the accounting firm on its internal control in the last year, the special opinion issued by the independent director and other documents shall be cancelled.

5. Production and business activities have been seriously affected and are not expected to return to normal within three months;

6. The main bank account has been frozen;

7. The lower of non-net profits in the past three fiscal years is negative, and the audit report of the past year shows that there is uncertainty in the ability to continue operating.

If eliminated, documents such as the audit report issued by the accounting firm for the most recent year and the special opinions issued by independent directors will be revoked.

8. The above progress and risk warning announcements shall be disclosed at least once a month until the corresponding situation is eliminated or the company's stock trading is issued other risk warnings by the Exchange.

9. Submit cancellation application materials and decide whether to cancel other risk warnings within 15 trading days

1. ST shares are expected to be delisted after the 2022 annual report

1. *ST Tengbang: The company's net assets at the end of 2021 range from -899 million yuan to -1168.70 million yuan. If the company discloses

the "Shenzhen Stock Exchange" will be touched in the 2021 annual report Under the circumstances specified in 10.3.10 of the GEM Stock Listing Rules, the stock listing and trading will be terminated.

2. *ST Rasha: According to preliminary calculations by the company’s financial department, the net assets attributable to shareholders of the listed company at the end of 2021 are expected to be -1.2 billion to -1.6 billion yuan. If the company's audited net assets are still negative at the end of 2021, the company's A shares may be terminated from listing in accordance with the relevant provisions of the "Shanghai Stock Exchange Stock Listing Rules".

3. *ST Zhongtian: It is estimated that the net assets attributable to shareholders of listed companies at the end of 2021 will be -5.9 billion to -7.8 billion yuan. According to Article 9.3.11 of the Listing Rules, the company's shares may be terminated from listing after the disclosure of the 2021 annual report.

4. *ST Yijian: The company expects the net assets to be -6.1995075 million yuan to -5.3437946 million yuan at the end of 2021; at the end of 2021, if the company's audited net assets are still negative or Non-standard matters in previous years cannot be eliminated. According to the "Shanghai Stock Exchange Stock Listing Rules" (revised in January 2022), the company's stocks will be terminated from listing.

5. *ST Bangxun: Owner's equity attributable to the parent company -75 million yuan - -30 million yuan, if the company's operating conditions in 2021 touch the "Shenzhen Stock Exchange GEM Stocks" Listing Rules" 10.3.10 related circumstances, the company's stocks are at risk of being terminated from listing and trading.

6. *ST King Kong: The company estimates that the owner's equity attributable to shareholders of listed companies at the end of 2021 will be -100 million yuan -500 million yuan. If the audited net assets at the end of 2021 are negative, or the net assets for 2021 after retrospective restatement are negative, the company's shares will be terminated from listing in accordance with the second paragraph of Article 10.3.10 of the Listing Rules.

7. *ST TEPCO: Excluding non-recurring gains and losses: approximately 10.7 million to 16 million yuan, operating income after deduction is approximately 79 million to 99 million yuan Attributable shares of listed companies range from approximately -140 million yuan to -100 million yuan. If the company's audited net profit in 2021 (the lower before and after deducting non-recurring gains and losses) is negative and the operating income is less than 100 million yuan Or if the net assets at the end of the period are negative, according to the relevant provisions of Article 9.3.11 of the "Shenzhen Stock Exchange Stock Listing Rules" (revised in 2022), the company's A shares will be terminated from listing. Investors are kindly requested to pay attention to investment risks.

8. *ST Zhongxin: In 2021, the operating income will be 805,000 yuan, and the net profit attributable to shareholders of the listed company will be -400 million to -450 million yuan. After deducting the non-attributable net profit, -420 million yuan to -480 million yuan, the owner's equity attributable to the parent company is -2.2 billion yuan to -2.5 billion yuan, and the basic earnings per share is -1.39 yuan to -1.6 yuan.

9. *ST Changdong: In 2021, it will achieve operating income of 1.8 million yuan to 2.3 million yuan; it is expected to realize a net profit loss attributable to shareholders of listed companies of 235 million yuan to 350 million yuan, compared with the same period last year. Loss of 203 million yuan; net profit loss after deducting non-recurring gains and losses is expected to be 120 million yuan to 180 million yuan, compared with a loss of 74.53 million yuan in the same period last year.

10. *ST Green Court: It is estimated that the net profit attributable to shareholders of listed companies, excluding non-recurring gains and losses, in 2021 will be -35 million yuan to -25 million yuan.

It is expected that the operating income in 2021, after deducting business income unrelated to the main business and income without commercial substance, will be 500,000 yuan to 750,000 yuan.

11. *ST Huaxun: Estimated operating income in 2021 is 34 million 51 million yuan, and estimated net profit is -585 million yuan;

12. *ST Sino-Singapore: Estimated business in 2021 Revenue is 805,000 yuan, and net profit is expected to be -425 million yuan;

13. *ST Changdong: Operating income is expected to be 1.8 million to 2.3 million yuan in 2021, and net profit is expected to be -293 million yuan;

14. *ST Mingke: The expected operating income in 2021 is 12.2 million yuan, and the expected net profit is -59 million yuan;

15. *ST Youjiu: The expected operating income in 2021 is 15.5 million yuan, and the expected net profit is -0.72 100 million yuan;

16. *ST Zhongfang: It is expected that the operating income in 2021 will be 20 million to 25 million yuan, and the expected net profit will be -23 million yuan;

17. *ST Aige: It is expected that in 2021 Annual operating income is 45.5 million to 46.41 million, and estimated net profit is -95 million;

18. *ST Xinyi: According to the relevant provisions of the "Shanghai Stock Exchange Stock Listing Rules" (revised in 2018), the company may Forced delisting in case of serious violations.

19. *ST Jitang: The company was investigated for suspected illegal information disclosure. The company received the "Administrative Penalty and Market Ban Prior Notification" (Penalty No. 202190) on October 24, 2021. According to the "Notification", the company may be involved in forced delisting due to major violations.

2. Stocks that are expected to wear hats or stars after the 2022 annual report

1. Huadian Energy: Estimated operating income in 2021 is 25.463245 billion, and the expected net profit in 2021 is - 130 million yuan;

2. Yihua Health: Owner's equity attributable to the parent company - 175 million yuan - 00,000 yuan;

3. Ji Yao Shares: attributable to the parent company Owner's equity of shareholders of listed companies - 418 million yuan - 618 million yuan;

4. Potian Environment: It is expected that the net assets attributable to shareholders of listed companies at the end of 2021 will be -68,101.37 Ten thousand yuan to -98,4.0137 million yuan;

5. Souyute: Owners' equity attributable to the parent company -170 million yuan to 00,000 yuan;

6. China Submarine Holdings 300526: Estimated operating income in 2021 is RMB 25.463245 million, and net profit is expected to be -130 million yuan in 2021; 7. Minsheng Holdings 000416: Estimated operating income in 2021 is RMB 56.6 million, with deductions expected in 2021 Non-net profit is 5.21 million yuan;

8. Hengyu Environmental Protection 688309: Estimated operating income in 2021 is 83 million 85 million yuan, and estimated net profit in 2021 is -9.45 million yuan;

9. Yuyin Shares 002177: The expected operating income in 2021 is 75 million to 95 million yuan, and the net profit in 2021 is expected to be -55 million yuan;

10. Huangtai Liquor Industry 000995: The expected operating income in 2021 is 85 million to 93 million yuan, Net profit is expected to be -12.5 million yuan in 2021;

11. Jiai Technology 300309: Operating income is expected to be 85 million to 105 million yuan in 2021, and net profit is expected to be -975 million yuan in 2021;

12. Shennan Shares 002417: Estimated operating income in 2021 is 95 million to 125 million yuan, and estimated net profit in 2021 is -95 million yuan;

13. ST Xiyuan 600139: Estimated operating income in 2021 is 90 million to 99 million yuan , the net profit is expected to be -635 million yuan in 2021;

14. ST Culture 300089: The operating income is expected to be 89.71134 billion yuan in 2021, the net profit is expected to be -328 million yuan in 2021, and the net assets at the end of 2021 are expected to be - 226 million;

15. ST Tianshan 300313: It is estimated that after deducting operating income of 99.5 million yuan in 2021, the net profit is expected to be -35 million yuan.

3. Stocks expected to lose their hats or stars after the 2022 annual report

1. *ST Tianlong 300029.sz: operating income after deductions is 270 million yuan – 31, 0 million yuan, excluding non-recurring losses: 6 million yuan - 9 million yuan, belonging to the listed company, the shareholder's ownership rights range from 12 million yuan to 17 million yuan, 14.5682 million yuan. Reorganization expectations, photovoltaic, wind power, and green power dual carbon tracks.

2. *ST Music 300446.sz: operating income after deducting 120 million yuan-180 million yuan, net profit loss after deducting non-recurring gains and losses 12 million yuan-1 , 8 million yuan, and the owner's equity attributable to shareholders of the listed company is 500 million yuan - 750 million yuan. Trading has been suspended and reorganized.

3. *ST Huasu 000509: Net profit ranged from -6 million yuan to -4 million yuan, with a decrease of 179.37 yuan to 152.91 yuan, and basic earnings per share -0.0056 yuan to -0.0037 yuan

4. ST Panda 600599: Net profit ranged from 65 million yuan to 85 million yuan, with an increase of 41.18 to 84.53. Results for the same period last year: net profit of 46.1351 million yuan, basic earnings per share of 0.28 yuan;

5. *ST Zhongji 000972: Net profit ranges from -120 million yuan to -80 million yuan, with an increase of 54.87 to 69.91 yuan. Basic 6. Earnings per share -0.15 yuan to -0.10 yuan.

7. *ST Kairui 002072: Net profit is 7 million yuan to 8 million yuan, and basic earnings per share is 0.0190 yuan to 0.0218 yuan.

8. *ST Haiyi 600896: Net profit -145 million yuan to -115 million yuan, performance for the same period last year: net profit 61.27924258 yuan, basic earnings per share 0.07 yuan

9. *ST Mall 600306: The loss in 2021 is expected to be about -98 million yuan. The company expects the net assets at the end of 2021 to be about 53 million yuan. The net profit after deducting non-recurring gains and losses is expected to be -89 million yuan. Yuan or so. After deducting business income unrelated to the main business and income without commercial substance, the operating income is about 150 million yuan.

10. ST Weiwei 600300: As of April 21, 2021, all principal and interest of the company’s funds occupied have been recovered, and all illegal guarantees have been released.

11. *ST Yaxing 600319: Net profit ranged from 185 million yuan to 195 million yuan. Results for the same period last year: net profit -25.67451832 yuan, basic earnings per share -0.08 yuan

12. *ST Shuanghuan 000707: Net profit is 400 million yuan to 450 million yuan, with a growth rate of 225.07 to 240.70 yuan, and basic earnings per share of 0.8618 yuan to 0.9695 yuan

13. ST Tongzhou 002052: net profit -160 million yuan to -120 million yuan, basic earnings per share -0.2145 yuan to -0.1609 yuan

14. *ST Suoling 002766: Net profit -675 million yuan to -450 million yuan, basic earnings per share Earnings per share -1.60 yuan to -1.07 yuan

15. *ST Zhongdi 000609: Net profit -400 million yuan to -200 million yuan, basic earnings per share -1.34 yuan to -0.67 yuan

16. *ST Jintai 600385: The net profit attributable to shareholders of listed companies excluding non-recurring gains and losses in 2021 is expected to be around 6 million yuan.

17. ST Meixun 600898: Net profit - about 34 million yuan, performance for the same period last year: net profit - 258.4518 million yuan, basic earnings per share - 1.0235 yuan

18. *ST Miao 300795: Net profit ranged from -65 million yuan to -45 million yuan, with an increase of -0.57 to 30.37 yuan. Results for the same period last year: net profit -64.6295 million yuan

19. *ST Luoton 600209: Net profit -42 million yuan to -32.4 million yuan, performance for the same period last year: net profit -77.2941 million yuan

20. *ST Will 002058: Net profit 10 million yuan to 15 million yuan, Basic earnings per share is 0.07 yuan to 0.10 yuan

21. ST Dayou 600403: Net profit is 1,024 million yuan to 1,336 million yuan. Performance for the same period last year: net profit -1,035.6506 million yuan, basic earnings per share - 0.43 yuan

4. ST stocks with high risk of delisting after the 2022 annual report